Broadway Financial in Los Angeles has sold $150 million of preferred stock to the Treasury Department as part of the Emergency Capital Investment Program. The $1.1 billion-asset Broadway disclosed in a regulatory filing Wednesday that it sold 150,000 shares to the Treasury a day earlier for the cash investment. The investment will more than double the company's Tier 1 capital. Broadway said it plans to use the net proceeds from the private

Atlantic Union Bankshares in Richmond, Va., has agreed to sell its stake in a Roanoke, Va., investment advisory firm.The $19.8 billion-asset company disclosed in a regulatory filing Wednesday that it plans to transfer its ownership interest in Dixon, Hubard, Feinour & Brown to Cary Street Partners Financial. Atlantic will receive a minority ownership interest in Cary Street in exchange. The deal is expected to close on June 30.

Lucid Group in Newark, Calif., has reached a deal with Bank of America where the Charlotte, N.C., banking company will provide financing options for the electric automaker’s newly formed Lucid Financial Services unit.Lucid said in a press release Tuesday that it is offering lease and loan purchase options through a new digital platform. "Lucid Air customers have requested flexible financing options, including lease and loan purchase, with many of them preferring

New Community Bancorp in Westbury and Flagstar Bancorp in Troy, Mich., will eliminate nonsufficient funds fees on Aug. 1. The $47 billion-asset New York Community said in a press release Monday that it will also do away with uncollected and unavailable funds fees for its consumer and business checking accounts. The company also plans to introduce Early Pay, an early wage access offering, during the third quarter. Flagstar, which New York Community

John Marshall Bancorp in Reston, Va., has announced several management changes as part of its succession planning. The $2.3 billion-asset company said in a press release Tuesday that Andrew Peden had become its chief banking officer. Peden, who previously served as chief lending officer, succeeded William Ridenour. Jason McDonough, who had been John Marshall’s director of commercial real estate, succeeded Peden as chief lending officer. Kelly Bell was named chief operating officer, succeeding

Republic Bancorp in Louisville, Ky., and Green Dot have settled a dispute over a terminated acquisition.The $6.3 billion-asset Republic disclosed in a regulatory filing that the parties entered into a settlement agreement on June 2 to resolve a lawsuit the bank filed against the fintech in the Delaware Court of Chancery. Green Dot agreed to pay Republic $13 million on top of the $5 million termination fee it paid the bank

Jelena McWilliams, who stepped down as chairman of the Federal Deposit Insurance Corp. earlier this year, has joined Cravath, Swaine & Moore as part of the law firm’s plan to open an office in Washington.The law firm said in a press release Monday that McWilliams will be joined by Elad Roisman, former acting chairman of the Securities and Exchange Commission and Jennifer Leete, former associate director in the SEC’s division of

CB Financial Services in Washington, Pa., has recorded a $2.7 million chargeoff tied to a commercial-and-industrial loan. The $1.4 billion-asset company said in a press release Monday that the chargeoff is associated with to a $3.5 million revolving line of credit that had an outstanding balance of roughly $2.7 million on June 1. CB Financial said the line of credit is the only credit relationship it has with an unnamed general contractor