Liberty Bank in Middletown, Conn., is the latest bank to eliminate nonsufficient fund (NSF) and other fees. The $7.4 billion-asset bank said in a press release that it also ended uncollected funds and certain transfer fees tied to consumer and business deposit accounts. “We continuously identify and implement strategies to more effectively serve our personal and business banking customers,” David Glidden, Liberty’s president and CEO, said in the release. Liberty

Hanover Bancorp in Mineola, N.Y., announced that its president is retiring. The $1.6 billion-asset company disclosed in a regulatory filing that Brian Finneran will also retire as president of its bank on Feb. 15. The filing did not disclose if the company has a successor lined up. Hanover and Finneran also agreed to a consulting arrangement that will last until Aug. 15, 2023. Finneran will be paid about $42,000 a

Green Dot in Austin, Texas, has terminated its president and CEO. The prepaid card and digital banking fintech said in a press release that George Gresham had succeeded Dan Henry, effective Friday. Gresham has been the company’s chief financial and operating officer. Gresham also joined Green Dot’s board in October 2021. Henry also resigned from the company’s board. The release gave no reason for his departure. “I look forward to

Town and Country Financial in Springfield, Ill., initially tried to sell itself to HBT Financial in Bloomington, Ill., more than two years prior to announcing a deal. The $4.2 billion-asset HBT agreed in August to buy the $876 million-asset Town and Country for $101.4 million. The banks discussed a merger in December 2019 when they entered into a nondisclosure agreement, according to a regulatory filing associated with the pending combination.

A group that includes the former CEO of Amalgamated Bank in New York wants to open a new bank in Minneapolis. Organizers of AarBank applied with the Federal Deposit Insurance Corp. on Oct. 11 for deposit insurance. The application wasn’t immediately available. A public notice filed with the Minneapolis Star Tribune listed 11 organizers, including Keith Mestrich. Mestrich was Amalgamated’s president and CEO from August 2014 to January 2021. The

The Federal Reserve and the Office of the Comptroller of the Currency have approved U.S. Bancorp's pending purchase of MUFG Union Bank in San Francisco. U.S. Bank will have $680 billion of assets when the deal closes. The OCC’s conditional approval requires U.S. Bancorp to identify business lines and portfolios that could be sold quickly "in the event of stress and a plan to effectuate that separability." “In reaching this

Business First Bancshares in Baton Rouge, La., plans to raise about $46.8 million from selling common stock.  The $5.5 billion-asset company said in a press release that it intends to sell 2.5 million shares at $20 each.   Business First plans to use the offering’s net proceeds for general corporate purposes, which may include augmenting capital, supporting organic growth, funding potential acquisitions and redeeming certain subordinated debt.    Stephens is

First Bancshares in Hattiesburg, Miss., took advantage of a second window to buy Heritage Southeast Bancorp. in Jonesboro, Ga.  The $6 billion-asset First agreed on July 27 to buy the $1.7 billion-asset Heritage Southeast in a deal valued at $207 million.    Hoppy Cole, First’s president and CEO, actually met with Leonard Moreland, Heritage Southeast’s CEO, in late January 2021 to discuss a deal, according to a regulatory filing associated with the pending merger.