Fieldpoint Private Bank & Trust in Greenwich, Conn., which is operating under a written agreement with the Federal Reserve, raised $5 million in a private placement. Fieldpoint Private Holdings, the parent company of the $1.4 billion-asset bank, raised the capital by selling stock on Oct. 7, according to data compiled by Performance Trust Capital Partners. The written order, disclosed last month, requires the bank to improve in areas such as

FB Financial in Nashville, Tenn., reported lower quarterly profit that reflected its decision to sell underwater securities. The $12.9 billion-asset company said in a press release that its third-quarter earnings fell by 47% from a year earlier, to $10.2 million. FB Financial said it sold $318.6 million of available-for-sale securities at a $40.2 million loss. The company said it reinvested the proceeds into higher-yielding securities. The company also noted that

National Bank of Arizona in Tucson has a new CEO. The $5 billion-asset bank said in a press release that Mark Stebbings had become its leader. The bank is a unit of Zions Bancorp. in Salt Lake City. Stebbings, who was the bank's director of specialty and commercial real estate lending, succeeded Mark Young, who retired on July 31. Young had been the bank's CEO since 2015. “My priority in

Bankwell Financial Group in New Canaan, Conn., said its third-quarter results will be hit by an $8.2 million charge-off. The $3.1 billion-asset company said in a regulatory filing that the charge-off is tied to a $13.7 million commercial real estate loan. The loan is secured by a Class A suburban New Jersey office park, where Bankwell is a 17% participant in an $84 million multibank club deal. The loan went

Bravera Holdings in Dickinson, N.D., has agreed to buy VISIONBank in Fargo, N.D. The $3.2 billion-asset Bravera said in a press release that it plans to complete its purchase of the $266 million-asset VISIONBank later this year. The price wasn't disclosed. VISIONBank will continue to operate under its current name. “This is a strategic move to enhance our service capabilities and extend our reach in the Fargo region," David Ehlis,

Citadel Federal Credit Union in Exton, Pa., agreed to pay about $6.5 million to address claims that it failed to provide mortgage lending services to majority Black and Hispanic neighborhoods in and around Philadelphia. The Department of Justice accused the $5.8 billion-asset credit union of redlining between 2017 and 2021. Citadel will provide $6 million in mortgage loan subsidies over five years for majority Black and Hispanic census tracts in

Home BancShares in Conway, Ark., added $16.7 million to its loan-loss allowance to cover potential losses from Hurricane Helene. The hurricane made landfall late last month. The specific loan-loss reserve was recorded in the third quarter. “Due to the widespread devastation of Helene, it will take time to get clarity from customers on damages incurred, needed deferrals or potential losses on a little over $1 billion worth of loans in

An investor in Territorial Bancorp has vowed to vote against the Honolulu company's pending sale to Hope Bancorp in Los Angeles. Yakira Capital Management in Westport, Conn., which owns about 1.2% of the $2.2 billion-asset Terrotorial's common stock, said in a press release that the company's board "is not acting in the best financial interest of its shareholders" by refusing to discuss an alternative proposal presented by an investor group.