American Bancorp in Atlanta, which just announced its new CEO, has raised capital. The $540 million-asset bank brought in $18 million on May 7 through a private placement, according to data compiled by Performance Trust Capital Partners. No other details were immediately available. The bank recently announced that Dominik Mjartan had become its leader. He joined American from Optus Bank in South Carolina, where he was president and CEO.

Chickasaw Banc Holding in Oklahoma City has agreed to buy Oklahoma Heritage Bank in Ada. The parent of the $470 million-asset Chickasaw Community Bank did not disclose how much it will pay for the $100 million asset Oklahoma Heritage. The deal is expected to close in the second or third quarter. Chickasaw is a tribal-owned bank, while Oklahoma Heritage is owned by the family of Dr. Darryl Fisher.

An application for a proposed bank in New York has been removed. Organizers of the planned American Innovation Bank in Flushing, N.Y., submitted an application with the Federal Deposit Insurance Corp. The FDIC, in response to a request for the application, said the document was "removed from the system" because it was a draft. "When a formal application is received, it will be set up [in] the system again and

AvidXchange Holdings in Charlotte, N.C., which provides accounts payable automation software and payment solutions for middle-market businesses, is being acquired. The company said in a press release that it agreed to sell to TPG and Corpay for $2.2 billion in cash. TPG will buy a majority interest through TPG Capital, while Corpay will have a minority stake. The deal is expected to close in the fourth quarter. “We are pleased

OceanFirst Financial in Toms River, N.J., is absorbing upfront expenses in anticipation of long-term gains from a premier banking push. The $13.3 billion-asset company said the concierge-heavy model is designed to attract low-cost deposits and complement its commercial and industrial lending operations—particularly in the New York metro market. As part of this initiative, OceanFirst onboarded nine premier banking teams in April, bringing in nearly 40 experienced bankers with proven track

Avidia Bank in Hudson, Mass., is planning to convert from a mutual to a stock holding company. The $2.7 billion-asset bank said in a regulatory filing that Avidia Bancorp, a newly formed holding company, plans to sell 12.3 million to 16.7 million shares of common stock. The offering could go up to 19.2 million shares if there is enough demand. Net proceeds could range from $118.3 million to $186 million.

Heritage Financial in Olympia, Wash., has a new leader. The company said in a press release that Bryan McDonald had become its CEO and joined its board. McDonald, who remains president, succeeded Jeffrey Deuel, who retired. Deuel will remain a part-time employee as an adviser until March 31, 2027. “I want to thank the Heritage team for their valuable partnership these past 15 years, and I look forward to seeing

Gulf Capital Bank in Houston has formed a small business lending group. The $539 million-asset bank said in a press release that it created the group after hiring Saman Noorani and Sebastian Aguirre. Noorani, who was SBA regional director at Southwestern National Bank, was named director of SBA lending. Aguirre, previously an SBA underwriter at Southwestern, has the same role at Gulf Capital. "Saman will further complement our established focus