INSIGHTS INTO THE BANKING INDUSTRY
ConnectOne Bancorp in Englewood Cliffs, N.J., has agreed to buy The First of Long Island in Melville, N.Y. The $9.7 billion-asset ConnectOne said in a press release that it will pay $284 million in stock for the $4.2 billion-asset First of Long Island. The deal is expected to close in mid-2025. As part of the deal, ConnectOne plans to raise about $100 million by issuing subordinated debt before closing. Net
REV Federal Credit Union in Summerville, S.C., has agreed to buy First Neighborhood Bank in Spencer, W.Va. The $1.1 billion-asset credit union did not disclose the price it will pay for the $149 million-asset bank. “Our mission is growth with purpose,” Jason Lee, the credit union’s president and CEO, said in a press release. “This purpose is centered around member impact, social impact, economic impact and ensuring our long-term survivability.”
Patrick Harker will step down as president of the Federal Reserve Bank of Philadelphia next year. Harker, who has held the post since 2015, will relinquish the role in June. A search committee of six board members for the regional Fed bank, with help from Spencer Stuart, will look for his successor. Harker is the longest-serving of the presidents in the Federal Reserve System. The Philly Fed oversees the southern half
United Texas Bank in Dallas is working under a cease-and-desist order after a Federal Reserve examination found “significant deficiencies” tied to foreign correspondent banking and virtual currency customers. Regulators said in the C&D that a May 2023 exam identified issues with the $1.1 billion-asset bank’s risk management and compliance with anti-money laundering laws and regulations. United Texas must submit a written plan to improve Bank Secrecy Act and AML deficiencies.
Huntington Bancshares in Columbus, Ohio, has agreed to a 20-year sponsorship deal that included naming rights to the Cleveland Browns stadium. The Browns said in a press release that the stadium was renamed Huntington Bank Field. Financial details were not disclosed. The $196 billion-asset Huntington will become the team's official and exclusive banking partner. "The Cleveland Browns are iconic in American sports and a globally recognized brand," Steve Steinour, Huntington’s
Four States Bank in Carthage, Mo., has opened. The de novo raised the required $23.5 million in initial capital and opened on Aug. 26, according to the Federal Deposit Insurance Corp. The group applied with the FDIC in December, disclosing plans to open three branches. Jeffrey Williams, former Jopin, Mo., regional president and Guaranty Bank, is the bank’s president and CEO. Guaranty Federal was sold to QCR Holdings in April
United Community Banks in Greenville, S.C., sold most of its manufactured housing portfolio. The $27.1 billion-asset company said in press release that it sold a $318.2 million of loans to 21st Mortgage, a division of Clayton Homes. Including a roughly $11.5 million release of a reserve tied to the loans, transaction costs and other accounting influences, United estimated that the sale will impact third-quarter results by 18 cents a share. The
Arrha Credit Union in Springfield, Mass., has applied to merge into Pittsfield Cooperative Bank in Pittsfield, Mass. The National Credit Union Administration told multiple news outlets that it is reviewing an application for the proposed merger. “While we are unable to comment on specific bank transactions, we are always pleased to see FDIC-insured banking institutions in Massachusetts grow,” Kathleen Murphy, the president and CEO of the Massachusetts Bakers Association, told
First Citizens BancShares in Raleigh, N.C., has brought back a veteran banker to lead its CIT Commercial Finance group. The
Nusenda Federal Credit Union in Albuquerque, N.M., has agreed to buy Western Heritage Bank in Las Cruces, N.M. The $4.1
Members 1st Federal Credit Union in Enola, Pa., will soon have a new CEO. The $7 billion-asset credit union said
BOK Financial in Tulsa, Okla., has entered the San Antonio, Texas, market. The $46 billion-asset company said in a press
Banks in Alabama and Virginia have raised capital through private placements. First Southern Bancshares in Florence, Ala., brought in $7
Five Star Bancorp in Rancho Cordova, Calif., will enter San Francisco after hiring a commercial team from Signature Bank. The
Essa Bancorp in Stroudsburg, Pa., will pay about $3 million to resolve redlining claims. The Justice Department said in a
Central Bancshares in Muscatine, Iowa, has agreed to buy McLaughlin Holding Co. in Moline, Ill. Central, the parent of the
The Federal Reserve ordered Silvergate Capital in La Jolla, Calif., to stick to its plan to liquidate itself. The Fed’s
A group in Los Altos, Calif., is looking to form a bank. Organizers of the proposed Entrust Bank filed an
BOK Financial in Tulsa, Okla., is apologizing for an issue that has delayed direct deposits and electronic payments. The $45.5
Republic First Bancorp in Philadelphia announced a series of moves designed to trim expenses. The $6.2 billion-asset company said in
All In Federal Credit Union in Daleville, Ala., has agreed to buy SunSouth Bank in Dothan, Ala. The $2.8 billion-asset
Blackhawk Bancorp in Beloit, Wis., attempted to sell itself to another bank before it began negotiating with First Mid Bancshares
The Consumer Financial Protection Bureau has ordered OneMain Financial in Evansville, Ind., to pay $20 million to resolve claims the
UMB Financial in Kansas City, Mo., has agreed to buy Hybarger & Associates, a consulting firm focused on community bank
Coastal Financial in Everett, Wash., has hired a veteran banker to oversee its Banking-as-a-Service platform. Chris Rigoni announced on his
Republic First Bancorp in Philadelphia will have a new chairman. The $6.2 billion-asset company said in a press release that
OneAZ Credit Union in Phoenix has a new CEO. The $3 billion-asset credit union said in a press release that
Shareholders of Mid-Southern Bancorp approved an outside proposal that the Salem, Ind., company hire an investment bank to help it
Roc Capital Holdings in New York has acquired the origination assets of Civic Financial Services from PacWest Bancorp in Los
Edmonton Bancshares in Edmonton, Ky., has agreed to buy Sumner Financial in Gallatin, Tenn. Edmonton, the parent for the $733
First Guaranty Bancshares in Hammond, La., has raised $10 million through a private placement of common stock. The $3.2 billion-asset
Blue Foundry Bancorp in Rutherford, N.J., prevailed in its proxy contest with activist investor Larry Seidman. The $2.1 billion-asset company
New York Community Bancorp in Hicksville, N.Y., has agreed to take over Signature Bank’s lease in midtown Manhattan. Empire State
Citizens Financial Group in Providence, R.I., will pay a $9 million fine to the Consumer Financial Protection Bureau to address
Daylight, an LGBTQ+ neobank, is shutting down. Rob Curtis, Daylight’s co-founder and CEO, announced the decision in a blog, stating
QED Investors, a venture capital firm in Alexandria, Va., has closed two new funds to invest in fintech firms. QED
Gouverneur Bancorp in Gouverneur, N.Y., is planning a second-step conversion to become a fully stock-owned company. The $205 million-asset Gouverneur
Fifth Third Bancorp in Cincinnati has acquired Rize Money, an Arlington, Va., embedded payments platform. The $209 billion-asset Fifth Third
JPMorgan Chase in New York projected that net interest income should increase by $3 billion because of its purchase of
PacWest Bancorp in Los Angeles has agreed to sell a portfolio of real estate construction loans. The $44.3 billion-asset
Adams Bank & Trust in Ogallala, Neb., took its servers offline, disabling transactions using online banking and its mobile app,
Bank of Marin Bancorp in Novato, Calif., has regained its footing with deposits. The $4.1 billion-asset company shared in
LCNB Corp. in Lebanon, Ohio, has agreed to buy Cincinnati Bancorp in Cincinnati. The $1.9 billion LCNB said in a
Austin Capital Bank in Austin, Texas, has a new president. Mark DeBiasio announced his hiring by the $329 million-asset
The Louisiana Credit Union League has a new CEO selected. The association said in a press release that Juan Fernandez
Western Alliance Bancorp. in Phoenix continues to bounce back from a turbulent time in the wake of high-profile bank failures.
F.N.B. Corp. in Pittsburgh has invested $1.1 million in Hill District Federal Credit Union in Pittsburgh. The $44 billion-asset F.N.B.
Bank of America in Charlotte, N.C., has created its first accelerator. The Bank of America Breakthrough Lab will launch a
Farmers & Merchants State Bank in Archbold, Ohio, has shortened its name. The $3 billion-asset unit of Farmers & Merchants
Wesbanco in Wheeling, W.Va., will have a new CEO sooner than expected. The $5 billion-asset company said in a press
Georgia Banking in Atlanta has raised $27.2 million through a private placement. The $1 billion-asset company raised the capital on
Arrow Financial in Glens Falls, N.Y., has parted ways with its president and CEO. The $4 billion-asset company said in
Another director of RBB Bancorp resigned because of a disagreement over the Los Angeles company’s corporate governance and policy matters.
The Federal Deposit Insurance Corp. wants to base its special assessment focused on banks’ uninsured deposit totals. The agency has
PacWest Bancorp in Los Angeles reported another large outflow of deposits. The $44.3 billion-asset company disclosed in its quarterly filing
Organizers of a proposed bank in Bedford, N.H., plan to raise at least $25 million in initial capital. Granite First
First Citizens BancShares in Raleigh, N.C., had a mammoth quarter for profitability after booking a $9.8 billion gain from buying
Marqeta, a card issuing platform, plans to cut about 15% of its workforce. The fintech disclosed in a regulatory filing
A group in Bedford, N.H., has applied to form a bank. Organizers of Granite First Bank submitted an application on
Cadence Bank in Tupelo, Miss., plans to close 35 branches this year, or roughly 8.5% of its network. The $48.7
Lakeland Financial in Warsaw, Ind., has a new president. The $6.4 billion-asset company said in a press release that Kristin
MVB Financial in Fairmont, W.Va., and Integrated Financial Holdings in Raleigh, N.C., have terminated MVB’s proposed purchase of IFHI. The
Perry County Bancorp has entered into a written agreement with the Federal Reserve that instructs the Du Quoin, Ill., company
The California Department of Financial Protection has joined the Federal Reserve in accepting some responsibility for the March 10 failure
Goldman Sachs in New York said that U.S. agencies are looking into its dealings with SVB Financial leading up to
PacWest Bancorp in Los Angeles cut its dividend to a penny. The $44.3 billion-asset company said late Friday that it
Blue Ridge Bankshares in Charlottesville, Va., has hired a veteran banker to serve as CEO of its bank. The $2.9
FNCB Bancorp in Dunmore, Pa., has decided not to buy any more shares in Quaint Oak Bancorp in Southampton, Pa.
Pacific West Bancorp in Portland, Ore., is the latest bank to take steps to avoid brand confusion. The parent of
Republic First Bancorp in Philadelphia is getting out of the mortgage business. The $6.2 billion-asset company also said in a
First Internet Bancorp in Fishers, Ind., is reporting a larger first-quarter loss after recording an additional charge off for a
At least 19 banks have tapped into the Federal Reserve’s Bank Term Funding Program. Those banks have borrowed more than
Western Alliance Bancorp. said it is weighing its legal options after the Financial Times published an article saying the Phoenix
Inspire Bank, a proposed Houston de novo, plans to apply to become a minority depository institution (MDI). Organizers also plan
Noble Credit Union in Fresno, Calif., has a new CEO. The $1.2 billion-asset credit union said in a press release
Equity Bancshares in Wichita, Kan., has hired a new bank president. The $5.1 billion-asset company said in a press release
PacWest Bancorp in Los Angeles said it hasn’t experienced any “out-of-the-ordinary deposit outflows” since Monday’s failure of First Republic Bank.
TD Bank Group in Toronto and First Horizon in Memphis, Tenn., have called off their planned merger. The $1.9 trillion-asset
Greenwood, an Atlanta digital bank focused on the Black and Latino communities, has acquired Kinly, a neobank that also serves
Securities sales cut into first-quarter profits at First of Long Island in Melville, N.Y. The $4.2 billion-asset company said in
The Federal Deposit Insurance Corp. floated a plan to offer different deposit insurance caps based on account type. The agency,
Orange County Bancorp in Middletown, N.Y., reported a sharp decrease in profit after it had to write off a $5
Community Bank System in Syracuse, N.Y., reported lower quarterly profit after joining the ranks of banks repositioning their balance sheets.
A group is looking to form a new bank in Houston. Organizers of Inspire Bank filed an application with the
Land of Lincoln Credit Union in Decatur, Ill., has agreed to buy Nokomis Savings Bank in Nokomis, Ill. The $457
Partners Bancorp in Salisbury, Md., was allowed to look for a buyer after OceanFirst Financial, its original acquirer, agreed to
Sterling Bancorp in Southfield, Mich., narrowed its losses in the first quarter. The $2.4 billion-asset company said in a press
Republic First Bancorp in Philadelphia reported a $9.7 million first-quarter loss that reflected elevated legal expenses and an investment in
First Republic Bank in San Francisco, Calif., was closed by the California Department of Financial Protection and Innovation. The Federal
Another bank is feeling the sting of Signature Bank’s failure. BayFirst Financial in St. Petersburg, Fla., disclosed that a scheduled
Coastal Financial in Everett, Wash., said deposits increased largely because of its ongoing Banking-as-a-Service push. The $3.5 billion-asset company said
Isabella Bank in Mt. Pleasant, Mich., has implemented its succession plan. The $2 billion-asset company said in a press release
The Federal Deposit Insurance Corp. used its post mortem of the failure of Signature Bank to reflect on things it
The Federal Reserve’s initial report on the failure of Silicon Valley Bank does not indicate that a full-blown banking crisis
Cross River Bank has entered into a consent order with the Federal Deposit Insurance Corp. that requires the Teaneck, N.J.,
Dime Community Bancshares in Hauppauge, N.Y., hired four deposit-focused groups from the failed Signature Bank. The $13.8 billion-asset company
Movement Bank in Danville, Va., has a new president. Mike Whitehead announced his promotion on his LinkedIn profile. Whitehead, who
First Foundation in Dallas has reached an agreement with an activist investor to end litigation tied to director nominations. The
Bancorp 34 in Scottsdale, Ariz., has agreed to buy CBOA Financial in Tucson, Ariz. The $576 million-asset Bancorp 34 said
Eastern Bankshares in Boston reported a large quarterly loss after a major restructuring of its balance sheet. The $22.7 billion-asset
Hanover Bancorp in Mineola, N.Y., has a new president. The $2.1 billion-asset company said in a press release that Mac
MidWestOne Financial Group in Iowa City reported a sharp drop in profitability after repositioning its balance sheet. The $6.4 billion-asset
Hawthorn Bancshares in Jefferson City, Mo., will soon have a new CEO. The $1.9 billion-asset company said in a press
Mutuals in Illinois and Ohio plan to raise up to $27.7 million by converting to stock-owned companies. PFS Bancorp
HarborOne Bancorp in Brockton, Mass., cut jobs in its mortgage division and will close a branch as part of a
First Internet Bancorp in Fishers, Ind., reported a net loss in the first quarter after shutting down its mortgage operations
First Interstate BancSystem in Billings, Mont., absorbed a large hit from selling securities in the first quarter. The $31.6 billion-asset
Prosperity Bancshares in Houston reported a sharp decline in deposits during the first quarter that it attributed to public funds.
PacWest Bancorp in Los Angeles reported a quarterly loss that reflected a goodwill impairment charge and expenses tied to an
Lake Shore Bancorp in Dunkirk, N.Y., has a new CEO. The $700 million-asset company said in a press release that Kim
BankUnited in Miami Lakes, Fla., lost $1.8 billion of deposits in the week after the failures of Silicon Valley Bank
Atlantic Union Bankshares in Richmond, Va., said a series of balance sheet moves, a legal reserve and a higher loan-loss
Peoples Bancorp in Marietta, Ohio, reported improved quarterly profit despite repositioning its balance sheet and recording a loan-loss provision. The
Three community banks completed private placements of common stock that collectively brought in nearly $45 million of capital. Iron Bancshares
NBT Bancorp in Norwich, N.Y., reported lower quarterly net income after writing off a $5 million investment in a failed
First Republic Bank in San Francisco plans to cut 20% to 25% of its workforce. The $233 billion-asset bank said
First National Bank and Trust in Shawnee, Okla., is getting closer to rebranding as Sovereign Bank. While the $815 million-asset
Bank of Marin Bancorp in Novato, Calif., lost $204 million of deposits over the final weeks of March. The $4.1
Middlefield Banc Corp. in Middlefield, Ohio, was the victim of a recent cyberattack. The $1.7 billion-asset Middlefield disclosed in a
Greg Becker has resigned as CEO of SVB Financial Group in Santa Clara, Calif. The company disclosed in a regulatory
Though unsuccessful in an effort to buy Silicon Valley Bank and Signature Bank, Johnny Allison is still interested in bidding
CrossFirst Bankshares in Leawood, Kan., has agreed to buy Canyon Bancorp. in Tucson, Ariz. The $6.9 billion-asset CrossFirst said in
FVCBankcorp in Fairfax, Va., reported lower earnings that reflected balance sheet repositioning and a loss tied to its investment in
Western Alliance Bancorp. in Phoenix is looking to sell loans and rebuild its deposit base as part of a plan
Comerica in Dallas provided more details on the deposit outflows that took place during the first quarter. The $91.1 billion-asset
National Bank Holdings in Denver has bought a deposit acquisition and processing platform from StoneCastle Partners. The $9.9 billion-asset banking
Farmers & Merchants Bancorp in Archibold, Ohio, reported lower quarterly earnings that reflected higher noninterest expenses and a decision to
Liberty Bank in Middletown, Conn., has launched a digital-only bank. The $7 billion-asset bank said in a press release that
BancFirst in Oklahoma City plans to buy a branch from RCB Bank in Claremore, Okla. The $12.4 billion-asset BancFirst applied
Pinnacle Financial Partners in Nashville, Tenn., was able to play offense and defense in the wake of two high-profile bank
Goldman Sachs Group in New York could look to sell GreenSky, a fintech it bought about year ago for more
First Horizon in Memphis, Tenn., is being tight-lipped about the status of its pending sale to TD Bank. The $81
Nicolet Bankshares in Green Bay, Wis., reported a quarterly loss after repositioning its balance sheet. The $8.2 billion-asset company said
The Independent Community Bankers of America has identified six fintechs to join its latest cohort. The latest ThinkTECH Accelerator program
AmeriServ Financial in Johnstown, Pa., reported lower net income after absorbing a $926,000 hit from a subordinated debt investment in
CCFNB Bancorp in Bloomsburg, Pa., has agreed to buy Muncy Bank Financial in Muncy, Pa. The $944 million-asset parent of
Apple debuted a savings account for its Apple Card users that offers a 4.15% annual rate. The technology giant said
The Small Business Administration is set to end a 41-year moratorium limiting how many nondepository lenders from participating in the
MainStreet Bankshares in Fairfax, Va., said its Banking-as-a-Service (BaaS) platform should launch at the end of this month. The $2.1
Regulators should rethink their approach to de novo bank activity, Federal Reserve Gov. Michelle Bowman said in a Friday speech.
Capital Bancorp in Rockville, Md., has a new bank president. The $2.1 billion-asset company said in a regulatory filing that
Wells Fargo in San Francisco said that veteran executive Mary Mack is retiring. The $1.9 trillion-asset company said in a
The Minnesota Credit Union Network has lined up its next CEO. The St. Paul, Minn., association said in a press
Altruist, a fintech custodian for registered investment advisers, has raised $112 million in a funding round led by Insight Partners
U.S. Bancorp in Minneapolis is shifting some executive responsibilities. The $675 billion-asset company said in a press release that Kate
Huntington Bancshares in Columbus, Ohio, has sold its retirement planning service business. The $182.9 billion-asset company disclosed in a regulatory
Walmart wants to end its credit card relationship with Capital One Financial in McLean, Va. Capital One disclosed in
F&M Bank in Timberville, Va., has new leadership. The $1.3 billion-asset company said in a press release that Mike Wilkerson
CoastalSouth Bancshares in Hilton Head, S.C., has raised $9 million through a private placement of common stock. The $2 billion-asset
First Miami Bancorp in South Miami, Fla., considered four offers before deciding to negotiate with United Community Banks in Greenville,
Berkshire Hills Bancorp in Boston has added a former Federal Reserve official to its board. The $11.7 billion-asset company said
First Republic Bank in San Francisco has suspended payment of quarterly cash dividends on its outstanding noncumulative perpetual preferred stock.
Aspiration, a climate-focused neobank, plans to lay off more than 180 employees. The Marina Del Ray, Calif., company disclosed the
The Federal Deposit Insurance Corp. has hired Blackrock Financial Market Advisory to assist in marketing the securities portfolios of the
Farmers Bank and Savings in Pomeroy, Ohio, has applied to acquire Nelsonville Home and Savings in Nelsonville, Ohio. The $394
Organizers are looking to form a de novo bank in Ocala, Fla. A group filed an application for deposit insurance
Western Alliance Bancorp. in Phoenix said that deposit balances have stabilized in the past two weeks. The $65 billion-asset company
NuMark Credit Union in Joliet, Ill., has agreed to buy Pioneer State Bank in Earlville, Ill. The $637 million-asset NuMark
Webster Financial in Stamford, Conn., has a new bank president. The $71.3 billion-asset company said in a press release that
The Bankers Helping Bankers Fund has made its first investment, committing funds to RiskScout, a regtech company that specializes in
The founder of Frank faces four criminal charges from the Department of Justice tied to claims of “falsely and dramatically
South Plains Financial in Lubbock, Texas, sold its insurance agency to Alliant Insurance Services. The $3.9 billion-asset South Financial said
Deposits at small and midsize U.S. banks are inching back up. Excluding the nation’s 25 biggest banks, deposits rose roughly
The Federal Deposit Insurance Corp. will look to sell about $60 billion of former Signature Bank loans this summer. The
SoFi Technologies in San Francisco has bought Wyndham Capital Mortgage. SoFi said in a press release that it paid cash
Montana’s Credit Unions has its next CEO lined up. The association said in a press release that Gerry Singleton will
HBT Financial in Bloomington, Ill., has set the stage for its next CEO. The $4.3 billion-asset company said in a
Infinant, a Charlotte, N.C., fintech, has raised capital in a financing round involving FINTOP Capital and JAM FINTOP BankTech. Infinant
The Independent Community Bankers of America’s decision to bring its fintech accelerator in-house should expedite bringing products to member banks
Republic First Bancorp in Philadelphia is looking to address confusion over its name and that of First Republic Bank, which
The Federal Deposit Insurance Corp. has exercised its equity appreciation rights tied to common stock in First Citizens BancShares and
An activist investor has backed off a plan to nominate two directors to run for board seats at National Bankshares
First Carolina Bank in Rocky Mount, N.C., has hired an executive from Pinnacle Financial Partners to oversee its fintech strategy.
The White House is encouraging the Federal Deposit Insurance Corp. to exempt community banks from a special assessment tied to
The Consumer Financial Protection Bureau issued a rule that would require lenders to report data on small-business lending. The long-awaited
The Federal Reserve and Treasury Department have fined Wells Fargo in San Francisco a total of $97.8 million for unsafe
SkyPoint Federal Credit Union in Germantown, Md., said its CEO is retiring. The $210 million-asset credit union said in a
First Financial in Arthur, N.D., has agreed to buy HSB Financial in Harwood, N.D. The parent of the $515 million-asset
Patriot National Bancorp in Stamford, Conn., will have a new bank CEO. The $1.1 billion-asset company said in a press
The Fuller family is again running a bank in Dubuque, Iowa. Capra Bank is set to open next month in
German American Bancorp in Jasper, Ind., has tapped an insider to serve as its president. The $6.2 billion-asset company disclosed
The Federal Deposit Insurance Corp. received 27 offers from 18 bidders looking to buy Silicon Valley Bridge Bank and/or Silicon
The Federal Deposit Insurance Corp. plans to impose special assessments on the banking industry to replenish losses to the Deposit
FinWise Bancorp in Murray, Utah, has a new bank president. The $402 million-asset company said in a regulatory filing that
BM Technologies in Radnor, Pa., has hired an experienced banker to serve as co-CEO. The parent company of BankMobile
First Citizens BancShares in Raleigh, N.C., has entered into a purchase and assumption agreement to buy deposits and loans tied
Vizo Financial Corporate Credit Union in Greensboro, N.C., has lined up its next CEO. The $6 billion-asset credit union said
The Independent Community Bankers of America’s first fintech accelerator of 2023 will focus on retaining and attracting deposits – a
Organizers of Nova Bank in Huntsville, Ala., have received conditional approval from the Federal Deposit Insurance Corp. The FDIC signed
Lone Star Bank in Houston considered offers from two other suitors – a bank and an investment group – before
First Carolina Bank in Raleigh has a new deposits partnership with BM Technologies in Radnor, Pa. The $2.2 billion-asset
Executives at First Republic Bank in San Francisco will forego annual bonuses for 2023. The $213 billion-asset bank disclosed in
PacWest Bancorp in Los Angeles briefly explored raising capital before deciding that doing so “would not be prudent.” The
First Mid Bancshares in Mattoon, Ill., has agreed to buy Blackhawk Bancorp in Beloit, Wis. The $6.7 billion-asset First Mid
PacWest Bancorp in Los Angeles said deposit volatility has “calmed” in recent days. The $41.2 billion-asset company said in
The Federal Deposit Insurance Corp. has extended the bidding process for Silicon Valley Bridge Bank in Santa Clara, Calif. The
AmeriServ Financial has filed a lawsuit against Driver Management in an effort to invalidate the activist investor’s bid to have
New York Community Bancorp in Hicksville has acquired "substantially all deposits and certain loan portfolios" tied to Signature Bridge Bank
The Federal Reserve will launch its FedNow Service in July. The Fed said in a press release the formal certification
SVB Financial Group in Santa Clara, Calif., has filed for Chapter 11 bankruptcy protection a week after regulators seized its
RBB Bancorp said the sister of Alan Thian, who resigned as the Los Angeles company’s president and CEO last year,
Sterling Bancorp revised its fourth quarter and 2022 earnings after entering into a plea agreement with the Justice Department tied
First Republic Bank in San Francisco will receive a total of $30 billion of uninsured deposits from 11 U.S. banks.
South Shore Bancorp in South Weymouth, Mass., has agreed to merge with 1831 Bancorp in Dedham, Mass. The parent companies
Goldman Sachs in New York bought the portfolio of underwater securities that accelerated the demise of Silicon Valley Bank in
BayVanguard Bank in Baltimore plans to raise up to $141 million as part of its plans to convert from a
A high-ranking Federal Reserve official will oversee the post-mortem for Silicon Valley Bank. The Fed said in a press release
Silicon Valley Bank, the bridge bank formed after Friday’s high-profile failure, is “conducting business as usual,” according to its new
Somerset Savings Bank in Bound Brook, N.J., plans to raise up to $111 million as part of its plans to
Tim Mayopoulos, former president and CEO of Fannie Mae, was named CEO of the bridge bank tied to Friday's failure
Several banks have issued statements showing their overall financial health and sources of liquidity in the wake of two high-profile
SVB Financial in Santa Clara, Calif., is exploring strategic options for its businesses that were not seized by regulators on
What a topsy-turvy week. In a matter of days, Silvergate shut down its crypto exchange network, then announced it would liquidate
HSBC Holdings has bought Silicon Valley Bank UK for just over a dollar. HSBC said in a press release that
First Republic Bank in San Francisco said it has improved it financial position with help from the Federal Reserve and
Regulators shut down Signature Bank in New York while vowing to make all depositors of the New York bank and
LendingClub in San Francisco is among the companies that have disclosed having deposit accounts at Silicon Valley Bank at the
Regulators have taken over Silicon Valley Bank in Santa Clara, Calif., marking the second-largest bank failure behind Washington Mutual in
Republic First Bancorp in Philadelphia plans to raise $125 million in capital. The $5.6 billion-asset company said in a press
East Texas Bankshares of Livingston plans to merge its two banks. The company said it will merge the $311 million-asset
Derek Williams did not plan on a banking career. After graduating from college in 1984, he considered corporate finance. A
SVB Financial in Santa Clara, Calif., saw its shares tumble after disclosing plans to raise capital after selling a large
Julie L. Williams, who twice served as Acting Comptroller of the Currency, has joined the board of Anchorage Digital Bank
Silvergate Capital in La Jolla, Calif., plans to wind down operations and voluntarily liquidate its bank. The $11.4 billion-asset company
Newtek Business Services in Boca Raton, Fla., which recently bought a bank, has filed to raise up to $500 million
Saint Louis Bancshares in St. Louis, Mo., has raised $27 million in capital. The parent of the $824 million-asset St.
Fifth Third Bancorp in Cincinnati has agreed to buy Big Data Healthcare, a healthcare payments company. The $207 billion-asset Fifth
The CEO of Lake Shore Bancorp will retire just weeks after the Dunkirk, N.Y., company’s bank was classified as being
Fifth Third Bancorp in Cincinnati will shrink the size of its board after the retirement of its executive chairman. The
Silvergate Capital in La Jolla, Calif., has shut down its cryptocurrency payments network after months of implosions by digital assets
SouthState in Winter Haven, Fla., will eliminate the position of executive chairman, separating employment with former CEO Robert Hill Jr.
Signature Bank in New York has run off about $1.5 billion of crypto-related deposits so far this quarter. The $110.4
Webster Financial in Stamford, Conn., will delay filing its annual report after identifying a potential material weakness. The $71.3 billion-asset
Longview Community Bank in Mount Pulaski, Ill., has agreed to buy Bank of Chestnut in Chestnut, Ill. The $68.3 million-asset
First Fidelity Bank in Oklahoma City has started offering a Banking-as-a-Service product. The $2.7 billion-asset First Fidelity said in a
Buy Now, Pay Later borrowers are more likely to show signs of financial distress compared to non-users, according to a
Add another regional bank to the list of financial institutions doing away with overdraft fees for consumer accounts. Wintrust Financial
Avidia Bank in Hudson, Mass., will soon have a new president and CEO. The $2.5 billion-asset bank said in
Silvergate Capital in La Jolla, Calif., warned that recent securities sales will negatively affect its regulatory capital levels and could
U.S. Bancorp in Minneapolis has invested in Ownera, a fintech that works with tokenized assets. Ownera said in a press
MVB Financial in Fairmont, W.Va., has sold an advisory practice it bought three years earlier. The $3.1 billion-asset company said
Washington Federal in Seattle saw an opportunity with a bank that a number of other banks had no interest in
Thread Bancorp in Brentwood, Tenn., has hired a banker from Live Oak Bank to oversee its fintech relationships. The $417
TD Bank in Toronto and First Horizon in Memphis, Tenn., are skeptical that they can complete their merger by the
Archway, a platform that was spun off from Washington Federal in Seattle, has raised $15 million of Series A funding.
Park National in Newark, Ohio, has agreed to pay $9 million to settle redlining claims. The Justice Department said in
S&T Bancorp in Indiana, Pa., will eliminate all nonsufficient funds (NSF) fees for consumer and business deposit accounts. The $9.1
An investor group led by one of Martin Luther King’s children and a former Trump Administration official has agreed to
U.S. Bancorp said the Consumer Financial Protection Bureau is considering "a potential enforcement action" tied to the Minneapolis company’s handling
Apex Bank in Camden, Tenn., plans to move its corporate headquarters to West Knoxville. The $1.1 billion-asset bank has a
Unity National Bank of Houston has received a $50 million investment from Baker Hughes, an energy technology company. Baker Hughes
Two executives at Metallicus, a San Francisco fintech, has applied to form a bank holding company and buy State Bank
TD Bank in Toronto; Independent Bank Group in McKinney, Texas; and HSBC Holdings are the latest banks to settle longstanding
Synergy Bancshares in Houma, La., has agreed to buy Peoples Bancshares of Pointe Coupee Parish in New Roads, La. The
HarborOne Bancorp in Brockton, Mass., has changed its bank’s charter after getting too big to use a benefit of being
The Credit Union Executives Society (CUES) in Madison, Wis., has hired a search firm to help it find a successor
The Federal Reserve Board has rejected a request by Custodia Bank to reconsider last month’s decision to deny the Cheyenne,
Citizens Trust Bank in Atlanta will hold about $65 million of USD Coin (USDC) cash reserves for Circle Internet Financial
Federal bank regulators are warning banks to be diligent about potential runs associated with crypto-related deposits. The Federal Reserve, Federal
A potential battle is brewing at First Foundation after the Dallas company invalidated an attempt by an activist investor to
Byline Bancorp in Chicago briefly walked away from talks to buy Inland Bancorp in Oak Brook, Ill. The $7.4 billion-asset
Dietrich Bank in Effingham, Ill., will soon have a new CEO. The $1.2 billion-asset bank said in a press release
Main Street Financial Services in Wheeling, W.Va., has agreed to buy Wayne Savings Bancshares in Wooster, Ohio. The $604.3 million-asset
First Citizens BancShares in Raleigh, N.C., has rebranded its vendor equipment finance unit. The $109.3 billion-asset company said in a
LINKBANCORP in Camp Hill, Pa., has agreed to buy Partners Bancorp in Salisbury, Md. The $1.2 billion-asset LINK agreed to
At least 136 banks insured by the Federal Deposit Insurance Corp. had ongoing or planned crypto-related activities in January. Many
Brunswick Bancorp in New Brunswick, N.J., considered six offers before agreeing to negotiate exclusively with Mid Penn Bancorp in Harrisburg,
Provident Bancorp in Amesbury, Mass., has locked down its top leadership. The $1.6 billion-asset company said in a press release
Buckeye State Bancshares in Powell, Ohio, has agreed to buy Rockhold Bancshares in Bainbridge, Ohio. The parent of the $320
Washington Business Bank in Olympia no longer plans to sell itself to an individual investor. The $97.5 million-asset bank
PacWest Bancorp in Los Angeles plans to lay off 200 employees at a unit that lends to real estate investors.
Woodland Bank in Deer River, Minn., has a new president. The $138 million-asset bank named Kurt Werner to the post,
Huntington Bancshares in Columbus, Ohio, plans to streamline its consumer operations into a single segment. The $183 billion-asset company will
Ohio Valley Banc Corp. in Gallipolis plans to close its online consumer mortgage company. The $1.2 billion-asset company disclosed in
The Bankers Helping Bankers Fund, a fintech-focused venture capital fund, has completed its first fundraising round. The BHB Fund, managed
Fifth Third Bancorp in Cincinnati is planning to merge Provide, a heath care focused fintech, into its bank. The $207
A group in Grandview Heights, Ohio, is planning a women-owned bank. Organizers have applied with the Federal Deposit Insurance Corp.
Clarion County Community Bank in Clarion, Pa., is planning a new division to focus on expansion in Erie, Pa. The
Creighton Federal Credit Union in Omaha, Neb., is slowly getting back to normal following a series of fraudulent online debit
FB Financial in Nashville, Tenn., has invested in a fintech that focuses on manufactured home loans. The $12.8 billion-asset company
A former president of First Security Bank-West in Beulah, N.D., has been sentenced to two years in federal prison after
Customers Bancorp in Malvern, Pa., has formed a new loan syndications banking team, marking an expansion in middle-market lending. The
Joe DePaolo, founding CEO of Signature Bank, plans to gradually step back from the New York bank. The $110 billion-asset
Truist Financial in Charlotte, N.C., has agreed to sell a 20% stake in its insurance unit for nearly $2 billion
Lake Shore Bancorp in Dunkirk, N.Y. has suspended its quarterly dividend after its bank was classified as being in a
TD Bank in Toronto has pledged $50 billion to underserved communities as part of a community benefits plan tied
Comun, a challenger bank that will focus on the Latino community, has raised $4.5 million in seed funding. The neobank
Hiring challenges spurred Salisbury Bancorp in Lakeville, Conn., to start looking for a buyer last fall. The $1.5 billion-asset company
Lael Brainard will resign from the Federal Reserve after being appointed the new director of President Biden’s National Economic Council.
Citizens Alliance Bank in Clara City, Minn., has agreed to buy Granite Mountain Bank in Butte, Mont. The $1.2 billion-based
Trico Bancshares in Chico, Calif., is dealing with a cybersecurity incident. The $9.9 billion-asset company disclosed in a regulatory filing
United Community Banks in Greenville, S.C., has agreed to buy First Miami Bancorp in South Miami, Fla. The $24
Northpointe Bank in Grand Rapids, Mich., is exiting the correspondent lending business. The $4.4 billion-asset bank plans to focus more
TD Bank Group in Toronto and First Horizon in Memphis, Tenn., have extended the deadline date for their planned merger.
Ashton Ryan, former CEO of First NBC Bank, has been found guilty of bank fraud charges that contributed to the
Northwest Bank in Columbus, Ohio, has formed a commercial finance group. The $14 billion-asset bank said in a press release
Affirm Holdings in San Francisco has reduced its reliance on Cross River Bank in Teaneck, N.J., to originate loans. The
Wells Fargo agreed to pay $300 million to settle a class-action lawsuit that claimed the San Francisco company did not
SVB Financial Group in Santa Clara, Calif., has promoted several executives to lead key verticals. The $213 billion-asset company said
Adelphi Bank, a black-owned de novo in Columbus, Ohio, is poised to become the first bank to open in 2023.
The Federal Deposit Insurance Corp. lowered the Community Reinvestment Act (CRA) rating for Transportation Alliance Bank, reflecting an issue with
Country Agencies & Investments, a bank holding company in Odessa, Mo., has merged the three banks it owns. The BHC
Fidelity Bank in Wichita, Kan., plans to sell two branches in Oklahoma to WeStreet Federal Credit Union in Tulsa, Okla.
CF Bankshares in Columbus, Ohio, plans to add several new commercial products in coming months. The $1.8 billion-asset company said
Republic First Bancorp in Philadelphia has parted ways with its bank president. The $5.6 billion-asset company disclosed in a regulatory
BayFirst Financial in St. Petersburg, Fla., will have a new CEO in 2024. The $939 million-asset company said in a
Clackamas Federal Credit Union in Oak Grove, Ore., has rebranded as Embold Credit Union. The $612 million-asset credit union said
Comerica in Dallas has formed a national investment banking group within its Comerica Securities unit. The $85 billion-asset company said
Upstart Holdings in San Mateo, Calif., is the latest fintech to lay off a large percentage of its workforce. The
First Bank of Baldwin in Wisconsin has rebranded as Pillar Bank. The $244 million-asset bank made the announcement on its
The Federal Deposit Insurance Corp. has given conditional approval for organizers to form Icon Business Bank in Riverside, Calif. The
Community Bank System in Syracuse, N.Y., has repositioned its securities portfolio. The $15.8 billion-asset company said in a press
Timberland Bancorp in Hoquiam, Wash., has a new CEO. The $1.8 billion-asset company disclosed in a regulatory filing that Dean
LevelField Financial, a Houston fintech that focuses on digital assets, has agreed to buy Burling Bank in Chicago. LevelField did
First Savings Financial Group in Jeffersonville, Ind., plans to restate its earnings to address several accounting matters. The $2.1 billion-asset
The Consumer Financial Protection Bureau plans to cap credit card late fees at $8 as part of a series of
First Waterloo Bancshares in Waterloo, Ill., has raised nearly $8.5 million through a private placement. The $823 million-asset company raised
Provident Bancorp in Amesbury, Mass., returned to profitability and slashed its exposure to the cryptocurrency industry during the fourth quarter.
New York Community Bancorp in Hicksville plans to close all of its out-of-market mortgage offices. The $90.1 billion-asset company, which
Heartland Financial USA has officially moved its corporate headquarters from Dubuque, Iowa, to Denver. The $20.2 billion-asset company said in
PacWest Bancorp in Los Angeles is making a flurry of changes as it transitions to new CEO Paul Taylor. The
Northwest Community Bank in Winsted, Conn., will have a new CEO this fall. The $1.1 billion-asset bank said in a
Vista Bancshares in Dallas has agreed to buy Charis Holdings in Justin, Texas. The $1.6 billion-asset Vista said in a
Century Savings Bank in Vineland, N.J., has a new CEO. The $600 million-asset bank said in a press release that
BM Technologies in Radnor, Pa., which tried unsuccessfully to buy a bank last year, plans to lay off about 25%
Wintrust Financial in Rosemont, Ill., is preparing for a new CEO. The $53 billion-asset company said in a press
Foro, a fintech that aims to pair business owners with commercial lenders, has launched after receiving financial backing from a
Ken Guenther, who served as president and CEO of the Independent Community Bankers of America for more than 20 years,
The Federal Reserve has denied an application by Custodia Bank in Cheyenne, Wyo., to become a member of the Federal
Atlantic Union Bankshares in Richmond, Va., has hired the former chief technology officer at PNC Financial Services Group to fill
Silvergate Capital in La Jolla, Calif., is preserving capital by suspending dividends on a series of preferred stock. The $11.4
Primis Financial in McLean, Va., expects its bulked-up mortgage business to break even in the first quarter. The $3.6 billion-asset
Brent Beardall is set to return to Washington Federal in Seattle just weeks after surviving a plane crash in Utah.
Bank of South Carolina in Charleston has finalized its CEO succession. The $653 million-asset company said in a press release
First Internet Bancorp in Fishers, Ind., plans to exit the consumer mortgage business. The $4.3 billion-asset company said in a
PBCO Financial in Medford, Ore., will have a new CEO this summer. The $800 million-asset parent of People’s Bank of
Signature Bank of Arkansas in Fayetteville has promoted an insider to oversee its mortgage operations. The $935 million-asset unit of
Cullen/Frost Bankers in San Antonio, Texas, is moving forward with a return to mortgage lending. The $52.3 billion-asset company said
The Independent Community Bankers of America has hired a director for its ThinkTECH Accelerator. The banking association said in a
ChoiceOne Financial Services in Sparta, Mich., plans to launch an enhanced treasury services online platform this year. The $2.4 billion-asset
A well-known activist investor plans to nominate a director candidate to stand for election at the upcoming annual meeting of
First Internet Bancorp in Fishers, Ind., has made progress with several fintech clients as it ramps up its Banking-as-a-Service platform.
A legal tussle will prevent Republic First Bancorp in Philadelphia from holding director elections at tomorrow’s annual meeting. The $5.6
Spring Bank in Brookfield, Wis., has a new president. The $375 million-asset bank said in a press release that Heather
Salisbury Bancorp in Lakeville, Conn., is looking to retrieve funds that were erroneously sent to a trust client. The $1.5
Popular in San Juan, Puerto Rico, plans to spend $50 million this year on technology initiatives. The $70.7 billion-asset company
Merchants Bancorp. in Hillsboro, Ohio, will combine the roles of president and CEO. The $1.2 billion-asset company said in a
Premier Financial in Defiance, Ohio, has acquired an insurance agency. The $8.5 billion-asset company said in a press release that
First Busey in Champaign, Ill., disclosed that it has a new leader for its payments unit. The $12.3 billion-asset company
Coastal Financial in Everett, Wash., has hired an outsider to oversee tech initiatives. The $3.1 billion-asset company said in a
The Federal Reserve has fined Popular Bank $2.3 million for deficiencies processing six Paycheck Protection Program loans. The Fed said
The White House official who oversaw the Paycheck Protection Program has been hired to serve as the first CEO of
North Shore Bank in Brookfield, Wis., has a new CEO with a familiar name. The $2.6 billion-asset bank said in
Northwest Bancshares in Columbus, Ohio, plans to close eight branches and lay off 12% of its staff. The $14.1 billion-asset
Citizens Holding in Philadelphia, Miss., has lined up its next bank CEO. The $1.4 billion-asset company said in a press
Bank of Marin Bancorp in Novato, Calif., plans to close four branches. The $4.1 billion-asset company said in a press
Carver Bancorp in New York has been freed from an enforcement action. The $756 million-asset company disclosed in a press
Triumph Financial in Dallas has added a banking veteran to its board. The $5.6 billion-asset company said in a press
NBKC Bank in Kansas City, Mo., has agreed to become the Banking-as-a-Service (BaaS) provider to Acorns, a fintech that helps
Silvergate Capital in La Jolla, Calif., said its relationship with Genesis Global Holdco was limited to deposits. The $11.4 billion-asset
A new fintech plans to offer speedy loan approvals and one-click loan activation for credit union members after raising $5
CapStar Financial Holdings in Nashville, Tenn., has a new leader for its Small Business Administration lending division. The $3.1
First Central Credit Union in Waco, Texas, has agreed to buy a branch from Citizens State Bank in Woodville, Texas.
Metropolitan Bank Holding in New York is hopeful it can resolve an investigation by bank regulators tied to a former
BV Financial in Baltimore is planning to become a fully stock-owned company. BV Financial said in a press release that
Oregon Pacific Bank in Florence repositioned its securities portfolio during the fourth quarter. The $754 million-asset bank said in a
Farmington State Bank in Farmington, Wash., is the latest bank to announce plans to get out of the crypto business.
First Community Bankshares in Bluefield, Va., found itself negotiating one-on-one with Surrey Bancorp in Mount Airy, N.C., after another potential
Old National Bancorp in Evansville, Ind., unveiled a new wealth management brand that combines a number of its wealth advisory
AmeriServ Financial in Johnstown, Pa., has responded to Driver Management, stating that its board tried to work with the activist
Florence Bank in Florence, Mass., has a new CEO. Matt Garrity was also named president of the $1.9 billion-asset bank,
Parke Bancorp in Washington Township, N.J., is missing a "significant" amount of cash that was held by a third party
Horizon Bancorp in Michigan City, Ind., has its next CEO lined up. The $7.7 billion-asset company said in a press
Encore Bancshares in Little Rock, Ark., has added a former banker with ties to one of its investors to its
Bank of Clarke County in Berryville, Va., has shortened its name. The $1.5 billion-asset bank said in a press release
Bank of Montreal has received approval from the Federal Reserve and the Office of the Comptroller of the Currency to
Silvergate Capital in La Jolla, Calif., which lost $1 billion in the fourth quarter amid "a crisis of confidence" in
Newtek Business Services in Boca Raton, Fla., has selected one of its own to become president of its newly acquired
A well-known activist investor has set its sights on two banks. Driver Management in New York intends to nominate directors
LendingClub in San Francisco plans to lay off 225 employees to offset reduced marketplace revenue tied to rising interest rates.
The House Financial Services Committee has formed a new subcommittee to focus on digital assets and fintech. Rep. French Hill
City National Bank in Los Angeles has agreed to commit more than $31 million to increase lending to Black and
The management team at Prosperity Bancshares in Houston had a busy summer. The $37.8 billion-asset company’s executives juggled negotiations and
Centier Bank in Merrillville, Ind., latest promotion continues a longstanding practice at the family-owned bank. The $6.3 billion-asset bank said
Forbright Bank in Potomac, Md., has hired a veteran banker to oversee the creation of a digital bank. The $6.4
Wells Fargo in San Francisco plans to exit correspondent lending and reduce the size of its servicing portfolio. The $1.9
Sturdy Savings Bank in Stone Harbor, NJ, has a new CEO. The $1.3 billion-asset bank said in a press release
Old Mission Bank in Sault Sainte Marie, Mich., has agreed to be sold to 4Front Credit Union in Traverse City,
Heritage Financial in Olympia, Wash., has entered the Boise, Idaho, market after hiring a lending team. The $7.2 billion-asset company
The CEO of Integrated Financial Holdings in Raleigh, N.C., has died in a plane crash in southern Virginia. Eric John
Citizens Bank of Philadelphia in Mississippi said that its CEO is retiring. The $1.4 billion-asset unit of Citizens Holding said
Columbia Banking System in Tacoma, Wash., and Umpqua Holdings in Portland, Ore., expect to complete their merger in February after
Bancorp 34 in Scottsdale, Ariz., has raised $14 million through a private placement of common and preferred stock. The $572
First of Long Island in Melville, N.Y., plans to appoint a well-known activist investor to its board. The $4.3 billion-asset
Nuvei, a payment technology firm in Montreal, has agreed to buy Paya Holdings, an integrated payments platform based in Atlanta.
Legacy Bank and Trust in Mountain Grove, Mo., has formed a mortgage unit. Legacy Capital Mortgage is “a HUD-approved multifamily
Western Alliance Bancorp. in Phoenix plans to open a technology hub in Westerville, Ohio. The $69 billion-asset company said in
Metropolitan Bank Holding in New York plans to fully exit the crypto-asset business. The $6.4 billion-asset company said in a
First Guaranty Bancshares in Hammond, La., has agreed to buy Lone Star Bank in Houston. The $3.1 billion-asset First Guaranty
Mark Vitner, retired chief economist for Wells Fargo, has created his own business. Vitner announced on his LinkedIn page that
Independent Bank in Rockland, Mass., has selected its next CEO. The $20 billion-asset company said in a press release that
Hope Bancorp in Los Angeles is bringing back one of its retired executives on an interim basis. The $19.1 billion-asset
Parkway Acquisition in Independence, Va., has changed its name to match its bank brand. The parent of the $1 billion-asset
HNB Bancorp in Hannibal, Mo., has agreed to buy Northeast Missouri Bancshares in Louisiana, Mo. The parent of the $649.9
Encore Bancshares in Little Rock, Ark., has added a Florida banker to its bank’s board. The company said in a
Mid Minnesota Federal Credit Union in Baxter, Minn., has hired a banking veteran as its president and CEO. The $661
First Business Financial Services in Madison, Wis., has a new president. The $2.9 billion-asset company said in a press release
Richard Hunt is finding ways to stay busy after retiring as CEO of the Consumer Bankers Association. Hunt announced on
Pacific West Bank in West Linn, Ore., has formed a holding company. The $291.3 billion-asset bank said in a press
Securrency, a cryptocurrency infrastructure startup, has hired the head of State Street Digital as its CEO. Nadine Chakar will take
CIB Marine Bancshares in Champaign, Ill., plans to expand its mortgage lending operations into six states The parent of
Community bankers said cybersecurity and credit risk are their biggest challenges in 2023. About 85% of the more than 100
Carver State Bank in Savannah, Ga., didn’t have to look to far to find its next leader. Robert James Sr.
FirstPerryton Bancorp in Perryton, Texas, has raised $37.3 million through a private placement of common stock. The parent of the
Silvergate Capital in La Jolla, Calif., said it will cut 40% of its workforce and table plans for a blockchain-based
Fulton Financial in Lancaster, Pa., has promoted an insider to serve as president of its private bank. The $26 billion-asset
First Financial Bancorp in Cincinnati has acquired financial advisory firm Brady Ware Capital. The $16.6 billion-asset company said in a
First State Bank and Trust in Tonganoxie, Kan., has a new president and CEO. The $437 million-asset bank named Jilinda
Regent Bank in Tulsa, Okla., has hired a veteran tech executive to oversee a push into venture banking. The $1.1 billion-asset
Renasant in Tupelo, Miss., has acquired commercial finance company Republic Business Credit. The $16.5 billion-asset company said in a press
Brent Beardall, president and CEO of Washington Federal in Seattle, is in stable condition after a private plane he was
A state bank regulator has been appointed to oversee fintech developments for the National Credit Union Administration. The NCUA said
An investor group is looking to form a holding company to buy First National Bank of Brookfield in Illinois. Brookfield
Banks dealing with digital assets must be mindful of potential fraud, legal uncertainties, volatility and inaccurate or misleading disclosures, federal
Blue Ridge Bankshares in Charlottesville, Va., which was ordered last year to improve its oversight of fintech partnerships, has hired
First Merchants in Muncie, Ind., has been freed from a 2019 order from the Department of Justice tied to its
Trustmark in Jackson, Miss., will recognize a $100 million litigation settlement expense in the fourth quarter after settling longstanding litigation
Several high-profile acquisitions were scuttled last year for a variety of reasons. Overall, 167 bank deals were announced in 2022,
Citizens Bank of Weston in West Virginia said that its president and CEO will retire. Charles Stalnaker has been in
Bank consolidation in 2022 fell well short of the prior year’s level. There were 167 bank acquisitions announced through Dec.
Penn East Federal Credit Union in Scranton, Pa., is looking for a new president and CEO. The $258.4 million-asset credit
Lake Shore Bancorp in Dunkirk, N.Y., has terminated a pair of change-in-control agreements to comply with a recent formal agreement
Several credit unions have named new CEOs heading into 2023. The $628 million-asset Dover Federal Credit Union in Dover, Del.,
Juniata Valley Financial in Mifflintown, Pa., has agreed to buy a branch from Orrstown Financial in Shippensburg, Pa. The $815
A shareholder group has updated an offer to significantly increase its investment in Republic First Bancorp in Philadelphia. A group
The CEO of Citizens National Bank at Brownwood in Texas is retiring. John Guest will step down on Dec. 31,
Richmond Mutual Bancorp. in Richmond, Ind., will soon have a new bank president. The $1.3 billion-asset company disclosed in a
Currency Bank in Baton Rouge, La., has raised more capital. The $124 million-asset bank said in a press release that
State Bankshares in Fargo, N.D., raised roughly $37.3 million in capital. The parent of the $11.7 billion-asset Bell Bank brought
De novo activity, while far off levels seen before the 2008 financial crisis, had notable momentum in 2022. Fifteen new
Organizers of the proposed New Canaan Bank in Connecticut have given up on an effort to create the de novo.
BM Technologies and First Sound Bank in Seattle have terminated their plans to merge. BM Technologies, a fintech spun off
Provident Bancorp in Amesbury, Mass., said its CEO has stepped down just weeks after it projected a large quarterly loss
Land of Lincoln Credit Union in Decatur, Ill., has agreed to buy Colchester State Bank in Colchester, Ill. The $378
Lake Shore Bancorp in Orchard Park, N.Y., is in the market for a new president and CEO. The $700 million-asset
Hulett Bancorp in Hulett, Wyo., which sold a stake in itself to Nexo earlier this year, raised another $400,000 through
Figure Acquisition Corp. I, a SPAC that was in talks to buy a bank, plans to cease operations after the
Republic First Bancorp in Philadelphia has a new CEO. The $5.7 billion-asset company said in a press release that Tom
The Combs family has agreed to buy Stone Bancshares in Mountain View, Ark. The family will pay an undisclosed amount
Steven Bradshaw, who retired as BOK Financial’s CEO earlier this year, will retire from the Tulsa, Okla., company’s board at
Mid Penn Bancorp in Harrisburg, Pa., has agreed to buy Brunswick Bancorp in New Brunswick, N.J. The $4.3 billion-asset Mid
Alabama One Credit Union in Tuscaloosa has agreed to buy First Bank in Wadley, Ala. The $956.8 million-asset credit union
VWF Bancorp in Van Wert, Ohio, will soon have a new CEO. The $145.8 million-asset company disclosed in a regulatory
Wells Fargo in San Francisco entered into a new consent order and agreed to pay more than $3.7 billion to
Kevin Tylus, who was CEO of Royal Bancshares of Pennsylvania when it was sold to Bryn Mawr Bank, has died.
Simmons First National in Pine Bluff, Ark., will start 2023 with a new CEO. The $27.1 billion-asset company said in
Banc of California in Santa Ana will soon have a new bank president as part of a series of executive
Sandy Spring Bancorp in Olney, Md., is the latest bank to eliminate nonsufficient funds (NSF) fees for personal accounts. The
Genesis Bank in Newport Beach, Calif., is making a bigger push into banking homeowners associations. The $125 million-asset bank said
Several banks are combining the roles of chairman and CEO heading in 2023. Sandy Spring Bancorp in Olney, Md.; Burke
Patrick Sells has left NYDIG to co-found a company that will help financial institutions with digital upgrades and vetting fintech
Binance.US in Palo Alto, Calif., has agreed to buy Voyager Digital’s assets for about $1 billion. Voyager, which has been
Calvin B. Taylor Bankshares in Berlin, Md., has a new chairman. The company said in a press release that Tom
ACNB in Gettysburg, Pa., is applying its brand to its operations in Maryland. The $2.7 billion-asset company said in a
M&T Bank in Buffalo has agreed to sell the collective investment trust business of one of its subsidiaries to Madison
Traditions First Bank in Clarksville, Tenn., will soon have a new president. The $235 million-asset bank said in a press
Pinwheel, a fintech that aggregates real-time income and employment data, has added a former Consumer Financial Protection Bureau official to
LGE Community Credit Union in Atlanta has agreed to buy Greater Community Bank in Rome, Ga. The $2 billion-asset LGE
Synovus Financial in Columbus, Ga., will have a new chairman next year. The $59 billion-asset company said in a press
Washington Trust Bancorp in Westerly, R.I., will have a new president in 2023. The $6.4 billion-asset company said in a
Empower Federal Credit Union in Syracuse, N.Y., has hired a former banker as its CEO. The $3 billion-asset credit union
Lynn Fuller has resigned from the board of Heartland Financial USA as part of an agreement between the Dubuque, Iowa,
Shore Bancshares in Easton, Md., has agreed to buy Community Financial in Waldorf, Md. The $3.4 billion-asset Shore said in
Daryl Bible didn’t stay retired very long. M&T Bank in Buffalo, N.Y., said in a press release that Bible will
Alex Sanchez plans to retire as president and CEO of the Florida Bankers Association. Sanchez plans to step down in
U.S. Bancorp in Minneapolis has hired a former JPMorgan Chase executive to oversee its branch network. The $601 billion-asset company
First Bank in Hamilton, N.J., has agreed to buy Malvern Bancorp in Paoli, Pa. The $2.6 billion-asset First Bank said
FNCB Bancorp in Dumore, Pa., has acquired a 4.9% stake in Quaint Oak Bancorp in Southampton, Pa. The $707 million-asset
Evermore Bank is ready to open in Fort Lauderdale, Fla., after raising $25 million of initial capital. The proposed de
Dort Financial Credit Union in Grand Blanc, Mich., has agreed to buy Flagler Bank in West Palm Beach, Fla., from
Hometown Community Bancorp in Morton, Ill., has agreed to buy Marine Bancorp in Springfield, Ill. The parent of the $4.8
Enterprise Financial Services in St. Louis, Mo., has added three directors, including a former bank executive. The $13 billion-asset company
CNB Financial in Clearfield, Pa., plans to launch a banking division to focus on female entrepreneurs and business leaders. The
RBB Bancorp in Los Angeles has hired a former bank president to serve as its chief administrative officer. The $3.9
Summit Financial Group in Moorefield, W.Va., has agreed to buy PSB Holding in Preston, Md. The $3.9 billion-asset Summit said
Northeast Bank in Portland, Maine, could sell up to $50 million of common stock as part of an at-the-market offering.
A special purpose acquisition company affiliated with Figure Technologies said it has a nonbinding letter of intent to buy a
Western Alliance Bancorp. in Phoenix has added a former executive from Huntington Bancshares to its board. The $65 billion-asset company
Partners Bancorp in Salisbury, Md., which recently terminated an agreement to sell to OceanFirst Financial, has a new CEO. The
Kearny Financial in Fairfield, N.J., plans to reduce annual operating expenses by 5% to 10%. The $7.9 billion-asset company said
Northeast Bank in Portland, Maine, disclosed that it has lined up the purchase of nearly $1.2 billion of commercial real
Signature Bank in New York could reduce its digital assets deposits by more than $8 billion in the coming weeks.
Veridian Credit Union in Waterloo, Iowa, has agreed to buy American Investors Bank and Mortgage in Eden Prairie, Minn. The
A pair of Illinois banks recently raised capital through private placements of common stock. The $385 million-asset Merchants and Manufacturers
Palmetto Citizens Federal Credit Union in Columbia, S.C., has hired a former bank executive as its next CEO. The$1.3 billion-asset
Silvergate Capital in La Jolla, Calif., said it "conducted extensive due diligence” before agreeing to work with FTX and Alameda
Comerica in Dallas has opened its first offices in Georgia and South Carolina. The $84 billion-asset company said in a
Texas Regional Bank in Harlingen, Texas, has entered into insurance brokerage after buying an agency. The $2.5 billion-asset bank said
NBT Bancorp in Norwich, N.Y., has agreed to buy Salisbury Bancorp in Lakeville, Conn. The $11.6 billion-asset NBT said in
Grand River Commerce in Grandville, Mich., has formed a mortgage company. The $527 million-asset company said that Grand River Mortgage
SVB Financial Group in Santa Clara, Calif., has filled two key executive posts. The $212.9 billion-asset SVB said in a
Webster Financial in Stamford, Conn., has agreed to buy StoneCastle Insured Sweep from StoneCastle Partners. The $65 billion-asset Webster said
TD Bank Group and Bank of Montreal have pushed back the projected closing dates for their purchase of U.S. banks.
LendingClub in San Francisco has agreed to buy a roughly $1.1 billion portfolio of personal loans from the parent company
Triumph Bancorp in Dallas has rebranded as Triumph Financial. The $5.6 billion-asset company said in a press release that it
Newtek Business Services in Boca Raton, Fla., has secured approval from the Office of the Comptroller of the Currency to
Byline Bancorp in Chicago has agreed to buy Inland Bancorp in Oak Brook, Ill. The $7.3 billion-asset Byline said in
Greenwood, a challenger bank that is focused on Black and Latino customers, has raised $45 million in new capital. Greenwood
A former professional baseball player will join the board of Farmers National Banc Corp. in Canfield, Ohio. The $4.1 billion-asset
TowneBank in Suffolk, Va., announced that its president will retire at the end of this year. The $16.9 billion-asset bank
OceanFirst Financial in Red Bank, N.J., has boosted its stake in a specialty commercial equipment finance company. The $12.7 billion-asset
State Street in Boston and Brown Brothers Harriman have agreed to terminate a deal where State Street would have acquired
Central Bank of St. Louis will have a new president. The $2.3 billion-asset unit of Central Bancompany announced that Dan
Totem, a challenger bank in Tulsa, Okla., that plans to offer banking services to Native Americans, has raised $2.2 million
First Reliance Bancshares in Florence, S.C., said that its chief operating officer is leaving to become CEO of a nonbank
Integro Bank in Phoenix is now an approved lender for the Small Business Administration’s 7(a) program. The $26.6 million-asset de
Silvergate Capital in La Jolla, Calif., said its exposure to BlockFi, the latest crypto-focused company to seek bankruptcy protection, is
National Capital Bancorp in Washington, D.C., will soon have a new bank CEO. National Capital said in a press release
BMO Financial Group has reached a five-year, $40 billion agreement with community groups to facilitate its pending purchase of Bank
Safra New York Corp. has agreed to buy Delta North Bankcorp in New York. Safra, the parent of the $9.5
The Bank of Princeton in New Jersey has filed its application to acquire Noah Bank in Elkins Park, Pa. The
Citizens Commerce Bancshares in Versailles, Ky., waited to reap as much benefit as possible from deferred-tax assets before agreeing to
EOS developer block.one and its CEO have built a nearly 9.3% stake in Silvergate Capital in La Jolla, Calif. Block.one,
Several executive changes are planned at 1st Source in South Bend, Ind. The $8.1 billion-asset company said in a press
The Federal Deposit Insurance Corp. has terminated a consent order against the bank unit of Unity Bancorp in Clinton, N.J.
UMB Financial in Kansas City, Mo., has acquired the health savings account business of Old National Bancorp in Evansville, Ind.
HBT Financial in Bloomington, Ill., will soon have a new bank president. The $4.2 billion-asset HBT said in a
Lakeland Bancorp in Oak Ridge, N.J., finalized an acquisition and negotiated the settlement of redlining claims by the Justice Department
PacWest Bancorp in Los Angeles followed through on its plan to name Paul Taylor as its next CEO. The $41
First Foundation has shuffled its management ranks for the second time in less than a month. The $12.3 billion-asset company
BM Technologies in Radnor, Pa., no longer expects to complete its pending purchase of First Sound Bank in 2022. The
Kennebec Savings Bank in Augusta, Maine, is planning to open its first branch in Portland, Maine. The $1.5 billion-asset bank
M&T Bank in Buffalo, N.Y., has formed a new group to focus on lending the real estate investment trusts and
Newtek Business Services in Boca Raton, Fla., has received approval from the Federal Reserve to become a bank holding company.
Legacy Bank & Trust in Mountain Grove, Mo., has agreed to buy Crain Mortgage in Dallas. Brett Magers, president of
The Federal Reserve has terminated a 12-year-old written agreement against Cecil Bancorp in Elkton, Md. The $242.5 million-asset Cecil had
Daylight, a challenger bank focused on the LGBTQ+ community, plans to offer a family planning subscription service after raising $15
First Community Bankshares in Bluefield, Va., has agreed to buy Surrey Bancorp in Mount Airy, N.C. The $3.6 billion-asset First
Visa will soon have a new CEO. The company said in a press release that Ryan McInerney, its president, will succeed
Commerce Bancshares in Kansas City, Mo., has agreed to buy municipal bond underwriter and adviser L.J. Hart & Co. The
Ergo Bank in Markesan, Wis., has agreed to buy Farmers & Merchants Bank of Kendall in Wisconsin. The $138 million-asset
First United in Oakland, Md., has acquired First Mortgage Services in Cumberland, Md. The $1.8 billion-asset First United said in
Northstar Bank in Bad Axe, Mich., has acquired Cypress Capital Wealth Management in Ann Arbor, Mich. The $901 million Northstar,
Citizens State Bank in Cadott, Wis., has agreed to buy Community Financial Bank in Prentice, Wis. The $169 million-asset Citizens
Santander Bank in Boston has started offering commercial equipment finance products to health care organizations. The $93.9 billion-asset company said
Climate First Bancorp in St. Petersburg, Fla., has acquired the climate and social justice platform developed by Ecountabl. The parent
A new group is looking to bring small and midsize banks together to work on technology projects. The Btech Consortium
Burke & Herbert Financial Services in Alexandria, Va., plans to list its shares on the Nasdaq. The $3.5 billion-asset company
Republic First Bancorp has rejected a petition by a large shareholder to nominate a candidate for the Philadelphia company’s board.
The Treasury Department is pushing federal bank regulators to complete guidance tied to how banks oversee risk associated with fintech
A group with ties to Ben Carson, former Secretary of Housing and Urban Development, has received regulatory approval to buy
Customers Bancorp in West Reading, Pa., is the latest crypto-focused banking company to address its ties to the industry. The
Provident Bancorp in Amesbury, Mass., is signaling that it will report a net loss for the third quarter that reflects
The Federal Reserve Bank of New York is planning to run a proof-of-concept pilot with several large banks for a
Ed Najarian, a veteran banking analyst, has ended an extended break to join EF Hutton. EF Hutton, a division of
Signature Bank in New York is the latest bank to clarify its ties to FTX, the cryptocurrency exchange that recently
California BanCorp in Oakland has created a specialty lending division. The parent of the $1.9 billion-asset California Bank of Commerce
Wintrust Financial in Rosemont, Ill., has agreed to buy two asset management businesses from Rothschild & Co North America. The
PL Capital, a well-known activist investor, is seeking regulatory permission to own up to 19.9% of the stock in Evans
Silvergate Capital in La Jolla, Calif., said it has no outstanding loans to FTX. The $15.5 billion-asset company also said
The White House plans to nominate Martin Gruenberg to serve as chairman of the Federal Deposit Insurance Corp. President Biden
Friendly Hills Bancorp in Whittier, Calif., plans to change the name of its bank. The $306 million-asset company said in
Hills Bancorp. in Hills, Iowa, has a new bank president. The $4 billion-asset company disclosed in a regulatory filing Monday
Washington Federal in Seattle has agreed to buy Luther Burbank in Santa Rosa, Calif. The $20.8 billion-asset Washington Federal
U.S. Bancorp in Minneapolis said its technology and operations leader will retire. The $601 billion-asset company said in a press
PB Bankshares in Coatesville, Pa., has agreed to sell its corporate headquarters office. The $377 million-asset company disclosed in a
Silvergate Capital in La Jolla, Calif., highlighted its access to liquidity in light of volatility tied to digital assets. Binance
The president of First Foundation in Dallas has resigned. The $12.3 billion-asset company said in a press release Tuesday that
FV Bank in San Juan, P.R., has launched a digital asset custody and settlement service. The bank said in a
OceanFirst Financial in Red Bank, N.J., and Partners Bancorp in Salisbury, Md., have terminated their planned merger after being unable
Auburn National Bancorp. in Auburn, Ala., has lined up a new CEO. The $1 billion-asset company said in a press
Binance has agreed to buy cryptocurrency rival FTX. Binance CEO Changpeng Zhao tweeted on Tuesday that his company had signed
Orrstown Financial in Shippensburg, Pa., has revised its third-quarter earnings downward to reflect the settlement of a class-action lawsuit. The
Sterling Bancorp in Southfield, Mich., is dealing with a mortgage partner’s decision to shut down. The $2.5 billion-asset Sterling said
Silvergate Capital in La Jolla, Calif., has a new president. The $15.5 billion-asset company said in a press release that
Bank of Commerce in Ammon, Idaho, has a new president. The $.19 billion-asset bank tapped Mike Morrison to fill the
Columbia Banking System in Tacoma, Wash., will sell 10 branches in Washington, Oregon and northern California. The $20 billion-asset Columbia
New York Community Bancorp in Hicksville, N.Y., has received all the approvals needed to buy Flagstar Bancorp in Troy, Mich.
Builtwell Bank in Chattanooga, Tenn., has a new president. Mitch Sanford shared in a LinkedIn post that he had taken
Republic First Bancorp in Philadelphia finally has a date for its annual meeting. The $5.7 billion-asset company disclosed in a
Fifth Third Bancorp in Cincinnati has formed an independent registered investment adviser. The $206 billion-asset company said in a press
Integrated Financial Holdings in Raleigh, N.C., is close to resolving litigation that it must address before selling to MVB Financial
TIAA has agreed to sell TIAA Bank to a group of investors. The retirement company said in a press release
U.S. Bancorp in Minneapolis is the latest bank to face an investigation from the Consumer Financial Protection Bureau tied to
Wings Financial Credit Union in Apple Valley, Minn., has agreed to buy Settlers Bank in DeForest, Wis. The $8 billion-asset
Home Bancorp Wisconsin in Madison will pay a distribution to its shareholders as part of its planned dissolution. The former
Credit union associations in Kansas and Texas are set to merge on Dec. 31. The Cornerstone League and Heartland Credit
Three Minnesota credit unions have filed a lawsuit against the state’s banking regulator in an attempt to override the agency’s
Two credit unions bid to buy the banking unit of Citizens Bancshares, but tax considerations and potential challenges in securing
Signature Bank of Georgia in Sandy Springs has a new CEO. The $187 million-asset bank said in a press release
Financial institutions processed nearly $1.2 billion of suspected ransomware payments last year. The Financial Crimes Enforcement Network (FinCEN) said there
Wells Fargo in San Francisco is holding discussions with the Consumer Financial Protection Bureau to address a number of investigations.
New York Community Bancorp in Hicksville will likely need to exit the USDF Consortium to buy Flagstar Bancorp in Troy,
Upstart Holdings in San Mateo, Calif., has cut 140 jobs. The fintech, which focuses on personal and auto loans, disclosed
Customers Bancorp in West Reading, Pa., has settled a legal dispute with Kabbage over the Paycheck Protection Program. The $20.4
Truist Financial in Charlotte, N.C., has formed an innovation team built around a gamification company it bought earlier this year.
U.S. Bancorp in Minneapolis has disclosed a data breach involving credit card customers. The $370 billion-asset company filed a notice
Coastal Financial in Everett, Wash., disclosed that three of its Banking-as-a-Service clients are preparing to exit the relationship. The $3.1
Peapack-Gladstone Financial in Bedminster, N.J., has launched a life insurance premium finance business after hiring a pair of bankers from
New York Community Bancorp in Hicksville and Flagstar Bancorp in Troy, Mich., have received approval from the Office of the
Truliant Federal Credit Union in Winston-Salem, N.C., has opened its first regional office in South Carolina. The $4 billion-asset credit
The Office of the Comptroller of the Currency is planning to create an Office of Financial Technology. The OCC said
ConnexPay, a payments technology company, has raised $110 million in equity. The company said in a press release that FTV
Professional football star Patrick Mahomes has become the second-biggest investor in American State Bank in Tyler, Texas. The $758 million-asset
Republic Bancorp in Louisville, Ky., has agreed to buy CBank in Cincinnati. The $6 billion-asset Republic said in a press
Civista Bancshares in Sandusky, Ohio, has completed its purchase of an equipment finance company. The $3.3 billion-asset Civista said in
The Consumer Financial Protection Bureau has issued guidance about “junk fees,” targeting two practices that it believes are “likely unfair
The Western Bankers Association is looking for a new leader. The association announced that Stephen Andrews will resign as its
Finward Bancorp in Munster, Ind., is continuing to close branches. The $2.1 billion-asset company, which closed two branches in July,
Collins Community Credit Union in Cedar Rapids, Iowa, is the latest credit union to announce layoffs. The $1.6 billion-asset credit
Finexio, an Orlando, Fla., fintech, has raised $35 million in Series B funding round that included several banks among the
Peoples Bancorp in Marietta, Ohio, has agreed to buy Limestone Bancorp in Louisville, Ky. The $7 billion-asset Peoples said in
GBank Financial Holdings in Las Vegas has rebranded its bank. The $667 million-asset company said in a press release that
Republic First Bancorp in Philadelphia has been unable to negotiate a truce with one of its biggest investors. The $5.7
Sterling Bancorp in Southfield, Mich., which recently filed a lawsuit against its founder and former CEO, has hired a chief
RBB Bancorp in Los Angeles didn’t have to look too hard to find its permanent CEO. The $3.9 billion-asset
Citizens Community Bancorp in Eau Claire, Wis., is thinning its branch network. The $1.8 billion-asset company said in a press
MainStreet Bancshares in Fairfax, Va., expects its Banking-as-a-Service (BaaS) division to break even within two years of having a fully
Biller Genie, a Miami fintech that provides AR automation and has a B2B payments platform, will open an office in
Chris Sawyer has become president and CEO of Grand Bank for Savings in Hattiesburg, Miss. Sawyer, who had been the
Atlantic Union Bankshares in Richmond, Va., is looking to address an issue with some customers’ accounts. The $20 billion-asset Atlantic
Western Commerce Bancshares of Carlsbad in New Mexico has agreed to buy Western Bancshares of Clovis in New Mexico. Western
Central Pacific Financial in Honolulu will soon have a new leader. The $7.3 billion-asset company said in a press release
First Capital in Corydon, Ind., has its next CEO lined up. The $1.2 billion-asset company disclosed in a regulatory
Bank Irvine has officially opened. The California de novo bank debuted on Tuesday, according to the Federal Deposit Insurance Corp.
A de novo bank planned in Minneapolis is seeking to become a minority financial institution that would offer Shariah-compliant products
Centric Financial in Harrisburg, Pa., explored several mergers, including a merger of equals, before agreeing to be sold to First
First Internet Bancorp in Fishers, Ind., and MainStreet Bancshares in Fairfax, Va., remain committed to their Banking-as-a-Service platforms. BaaS has
Silvergate Capital in La Jolla, Calif., is no longer on pace to create its own stablecoin in 2022. Alan Lane,
U.S. Bancorp in Minneapolis is on pace to buy MUFG Union Bank in San Francisco on Dec. 1. The $601
MidWestOne Financial Group in Iowa City has its next CEO lined up. The $6.4 billion-asset company said in a press
Citizens Financial Services in Mansfield, Pa., has agreed to buy HV Bancorp in Doylestown, Pa. The $2.2 billion-asset Citizens said
City Holding in Charleston, W.Va., has agreed to buy Citizens Commerce Bancshares in Versailles, Ky. The $5.9 billion-asset City said
TrustCo Bank Corp NY in Glenville has appointed the president and CEO of the Florida Bankers Association to its board.
Liberty Bank in Middletown, Conn., is the latest bank to eliminate nonsufficient fund (NSF) and other fees. The $7.4 billion-asset
Hanover Bancorp in Mineola, N.Y., announced that its president is retiring. The $1.6 billion-asset company disclosed in a regulatory filing
Green Dot in Austin, Texas, has terminated its president and CEO. The prepaid card and digital banking fintech said in
Town and Country Financial in Springfield, Ill., initially tried to sell itself to HBT Financial in Bloomington, Ill., more than
A group that includes the former CEO of Amalgamated Bank in New York wants to open a new bank in
The Federal Reserve and the Office of the Comptroller of the Currency have approved U.S. Bancorp's pending purchase of MUFG