First National Bank of Omaha in Nebraska has agreed to buy CCB Financial in Kansas City, Mo. The $32 billion-asset First National plans to complete its purchase of the parent company for the $2.2 billion-asset Country Club Bank by the end of this year. The price wasn't disclosed. Country Club has 20 branches in Kansas and Missouri. “This is an exciting opportunity to bring together the best of both FNBO

Evolve Bank & Trust in West Memphis, Ark., which has been dealing with fallout from its fintech partnerships, lost $4.3 million in the first quarter. The $1.6 billion-asset bank disclosed the loss in its call report with the Federal Deposit Insurance Corp. It earned nearly $3 million a year earlier. The loss stemmed largely from a decline in noninterest income and higher legal and compliance costs, offsetting a modest improvement

Varo Bank in Draper, Utah, received a $50 million infusion from its parent earlier this year, only to lose half of that amount in the first quarter. The $355 million bank lost $25.1 million, widening from $16.3 million a year earlier. Noninterest expenses increased by 14% from a year earlier, to $59.4 million. While salaries and benefits remained the largest line item, other noninterest expenses, which include processing, technology, marketing,

Citizens Financial Group in Providence, R.I., has a new president. The $220 billion-asset company said in a press release that it had promoted Brendan Coughlin, who had been vice chair and head of consumer, private banking and wealth. He will add oversight of enterprise data & analytics and marketing to his current supervisory roles. “Brendan has a long track record of strong leadership and execution against some of our most

First Guaranty Bancshares in Hammond, La., lost $6.2 million in the first quarter after selling two commercial real estate loans at a loss. The $3.8 billion-asset company, which earned $2.3 million a year earlier, recorded a $14.5 million loan-loss provision in the recent quarter. About $5.8 million of the provision was tied to the loan sales. One loan was tied to a construction project in Louisiana with a $41 million

Flushing Financial in Uniondale, N.Y., reported a net loss in the first quarter after recording a $17.6 million goodwill impairment charge. The $9 billion-asset company said in a press release that it lost $9.8 million in the quarter. A declining stock price in the first quarter created a triggering event that led it to impair goodwill tied to acquisitions it had completed over the past two decades. The noncash charge

AQM Technologies in Chicago has acquired TRaiCE, which offers AI-based business risk monitoring solutions. AQM, which handles quality assurance, cybersecurity audits, and software testing for banks, did not disclose how much it paid. TRaiCE, backed by fintech accelerator RevTech Labs, pioneered using large language models for risk monitoring. "The integration of TRaiCE's advanced risk monitoring technology into our portfolio allows us to offer proactive business assurance solutions," Madhav Bhadra, AQM's

Venture Coast Partners is planning a new de novo bank in the San Francisco Bay Area. In its application filed with the Federal Deposit Insurance Corporation, the organizers of Venture Coast Partners Bank outlined a plan to build a modern community bank that blends relationship banking with advanced technology — aiming to serve entrepreneurs, tech professionals, small businesses, and high-net-worth individuals across the Bay Area. The proposed bank is seeking