INSIGHTS INTO THE BANKING INDUSTRY
A former U.S. Bancorp executive has formed a fintech consulting firm. Peter Gordon, who was head of emerging payments product and strategy at U.S. Bancorp, announced in a LinkedIn post that he had created Atlantic Fintech Advisors. Atlantic Fintech Advisors will advise on instant payment strategy, scaling payments businesses, and fintech enablement in areas such as virtual account management and Banking-as-a-Service. The company will also help financial institutions with payment
Equity Bancshares in Wichita, Kan., has agreed to buy KansasLand Bancshares in Quinter. The $5.2 billion-asset Equity said in a press release that it will gain two branches and $43 million of deposits from buying the $55 million-asset KansasLand Bank. The price wasn’t disclosed. “This merger underscores our commitment to serving communities across the state, providing people with access to financial services and fostering economic growth,” Brad Elliott,
MidFirst Bank in Oklahoma City has agreed to buy five Houston branches from Amerant Bancorp in Coral Gables, Fla. The $36.4 billion-asset MidFirst said in a press release that it expects to complete the deal in the second half of this year. The price wasn’t disclosed. The sale includes $576 million of deposits and $529 million of loans. “Houston is a strategic market for us and the acquisition of Amerant
Flagship Bank in Clearwater, Fla., has hired a new CEO. The $633 million-asset unit of West Florida Bank Corp. said in a press release that David Key had also become its president. He succeeded James Nelson, who retired but will continue to serve as a senior adviser. “We’re extremely fortunate to be able to transition from one seasoned executive to another and maintain strong continuity in our bank’s culture,” Paul
Commercial Bank & Trust of Monticello in Arkansas will absorb First State Bank of Warren in Arkansas. The $253 million-asset Commercial Bank and the $118 million-asset First State are both owned by the Ryburn family. The merger is scheduled for June 24. “Joining the two banks together will remove back-office redundancies and allow us to offer greater convenience and better products and services such as enhanced technology for customers," Todd
AmeriServ Financial in Johnstown, Pa., has reached a cooperation agreement with investor SB Value Partners. SB Value Partners, which owns about 7.7% of the $1.4 billion-asset AmeriServ’s common stock, agreed to back the board’s nominees and support its recommended proposals at upcoming shareholder meetings. SB Value Partners and AmeriServ will regularly consult regarding financial performance metrics, business development and other similar matters. AmeriServ said in a press
Northwest Bancshares in Columbus, Ohio, plans to reposition its securities portfolio. The $14.5 billion-asset company said in a press release that it will sell up to 15% of its investment securities portfolio. Northwest expects to recognize a $40 million pretax loss from the sales. Proceeds will initially be used to lower borrowings while also reinvesting into securities with similar risk, maturity and duration characteristics. The company said it expects a
U & I Financial in Lynnwood, Wash., restated its fourth quarter results – leading a big net loss – and suspended its dividend after issues surfaced in its equipment finance business. The $610 million-asset company said it lost $18 million after increasing its loan-loss provision from $3.1 million to $26.1 million. The issues are tied to a business where its finances borrowers purchase of equipment from manufacturers. A
The former chief innovation officer at the Federal Deposit Insurance Corp. delivered a stinging criticism of federal banking agencies days
SoFi Technologies in San Francisco has agreed to buy Technisys, a cloud-based, digital banking platform.SoFi said in a press release
Auburn National Bancorp. in Auburn, Ala., has agreed to sell land next to its corporate headquarters. The $1.1 billion-asset company disclosed
Financial Institutions in Warsaw, N.Y., is entering the Baltimore and Washington markets after hiring a team of commercial lenders from
RBB Bancorp in Los Angeles is conducting a probe tied to its longtime president and CEO. The $4.2 billion-asset company said
Georgia’s Own Credit Union in Atlanta has agreed to buy Vinings Bank in Smyrna, Ga. The $3.4 billion-asset Georgia’s Own said
M&T Bank in Buffalo, N.Y., and People’s United Financial in Bridgeport, Conn., have extended the deadline for their merger agreement
Solera National Bancorp in Lakewood, Colo., is again looking for a new leader. The $651million-asset company said in a press release
MVB Financial in Fairmont, W.Va., is set to discuss its next three-year plan. The $2.8 billion-asset company said in a press
Capitol Federal Financial in Topeka, Kan., is set up upgrade its core back-office system aa it nears $10 billion of
Middlefield Banc in Middlefield, Ohio, will have a new CEO in a few weeks. The $1.3 billion-asset company said in a
Truist Financial in Charlotte, N.C., has agreed to buy Kensington Vanguard National Land Services, a title insurance company in New
Zions Bancorp. in Salt Lake City has agreed to buy three branches in northern Nevada from Royal Bank of Canada.The
The turnaround story at Sterling Bancorp in Southfield, Mich., continues. The $3.1 billion-asset company said in a press release Thursday that
Peoples Bancorp in Marietta, Ohio, has agreed to buy Vantage Financial, a nationwide provider of equipment financing. The $7.1 billion-asset Peoples
Webster Financial in Stamford, Conn., has agreed to buy Bend Financial, a cloud-based platform tied to health savings accounts. The $65
Live Oak Bancshares in Wilmington, N.C., has hired an executive to oversee its embedded banking efforts. The $8.2 billion-asset company said
Mastercard in Purchase, N.Y., plans to hire more than 500 young professionals to expand its data and services division in
Longview Capital in Newman, Ill., has agreed to buy Farmers Bank of Mt. Pulaski in Mount Pulaski, Ill.The $665 million-asset
DoorDash has formed a division that will make business loans to restaurants. DoorDash Capital will allow merchants to use the delivery
An investor group looking to oust Vernon Hill as CEO of Republic First Bancorp is backing another shareholder’s effort to
CNB Financial in Clearfield, Pa., will have a new CEO later this year. The $5.3 billion-asset CNB said in a press
Colony Bankcorp in Fitzgerald, Ga., is looking to sell $52.5 million of common stock. The $2.5 billion-asset company said in a
Former banker Stephen Calk was sentenced by a federal judge to just over a year in prison after he was
Home BancShares in Conway, Ark., has acquired a portfolio of marine loans from LendingClub. The $18.1 billion-asset Home said in a
A shareholder group interested in replacing the CEO of Republic First Bancorp has increased its stake in the Philadelphia company. George
The Federal Reserve and the Office of the Comptroller of the Currency will hold a public meeting to discuss U.S.
MidWestOne Financial Group in Iowa City is looking for its next CEO. The $6 billion-asset company said in a regulatory filing
The acting chairman of the Federal Deposit Insurance Corp. wasted no time indicating a new direction for the agency following
CF Bankshares in Columbus, Ohio, is taking a regional approach to equipment finance. The $1.5 billion-asset company recently hired Chad Owens
A group has filed a request to form a new bank in Houston. Organizers of Houston Bank of Commerce &
Robert Klingler, a veteran banking attorney, has a new law firm. Klinger announced in a tweetMonday that he had joined Nelson
Live Oak Bancshares in Wilmington, N.C., will record a large one-time gain when Fiserv buys cloud-based core system Finxact. Fiserv said
Seacoast Banking Corp. of Florida in Stuart has combined the roles of chairman and CEO. The $9.7 billion-asset company said in
OceanFirst Financial in Red Bank, N.J., has agreed to buy a title insurance agency. The $11.7 billion-asset company said in a
The Federal Deposit Insurance Corp. has given conditional approval for a proposed bank in Bloomington, Minn. Organizers of EntreBank must raise
Kentucky First Federal Bancorp in Frankfort has added a former CEO of its bank to its board. The $337 million-asset parent
BAWAG Group in Vienna, Austria, has agreed to buy Peak Bancorp in McCall, Idaho. The $555 million-asset parent of Idaho First
Silvergate Capital in La Jolla, Calif., has acquired intellectual property and other technology assets tied to running a blockchain-based payment
A group with ties to Vernon Hill has suggested replacing him as CEO of Republic First Bancorp in Philadelphia. George Norcross
Western Alliance Bancorp in Phoenix has acquired a fintech that offers a digital payments platform for the class-action legal industry. The
ACNB Corp. in Gettysburg, Pa., has agreed to buy an insurance agency in Gettysburg. The $2.8 billion-asset ACNB said in a
BayFirst Financial in St. Petersburg, Fla., has a new bank president. The $917 million-asset company said in a press release Tuesday
Southern Bancorp in Arkadelphia, Ark., has agreed to buy FCB Financial Services in Jonesboro, Ark. The $2.1 billion-asset Southern said in
Heartland Financial USA in Dubuque, Iowa, is moving ahead with a plan to consolidate its 11 bank charters. The $19.3 billion-asset
Banner County Ban Corp. in Harrisburg, Neb.., has agreed to buy Bankers Capital in Lusk, Wyo. The $228 million-asset Banner County
Midland States Bancorp in Effingham, Ill, will continue to work with GreenSky to develop a pipeline of consumer loans. The
Old National Bancorp in Evansville, Ind., has received approval from the Federal Reserve to buy First Midwest Bancorp in Chicago. The
MVB Financial in Fairmont, W.Va., has a new president. The $2.8 billion-asset company said in a press release Thursday that Donald
HarborOne Bancorp in Brockton, Mass., has lined up its next CEO. The $4.5 billion-asset company said in a press release Thursday
Central Pacific Financial in Honolulu provided more information on its new Banking-as-a-Service platform, which it plans to lean on for
Midland States Bancorp in Effingham, Ill., has agreed to buy deposits and loans from FNBC Bank & Trust in La
Another bank merger is facing a delay tied to pending regulatory approval. Executives at Community Bank System in DeWitt, N.Y., said
Customers Bancorp in West Reading, Pa., will let its deposit servicing agreement with BM Technologies lapse at the end of
Zions Bancorp. in Salt Lake City is close to opening a new corporate technology center. The $93 billion-asset company said in
New York Community Bancorp in Hicksville, N.Y., has committed $28 billion of loans, investments and other financial support to underserved
Republic First Bancorp in Philadelphia is delaying plans to raise more capital. Executives of the $5.6 billion-asset company made the disclosure
H&R Block in Kansas City, Mo., has created a challenger bank. The tax preparation company said in a press release Thursday
Sterling Bancorp in Southfield, Mich., has implemented numerous governance measures to resolve a shareholder demand for change. The $3.1 billion-asset company
Blue Ridge Bankshares in Charlottesville, Va., and FVCBankcorp in Fairfax, Va., no longer plan to merge.The $3.2 billion-asset Blue Ridge
Farmers and Merchants Bancshares in Hampstead, Md., is looking for its next CEO. The $716 million-asset company said in a press
Synovus Financial in Columbus, Ga., said it feels comfortable with its ability to achieve the $175 million in expense cuts
Fifth Third Bancorp in Cincinnati is making a move in point-of-sale lending with an agreement to buy Dividend Finance in
Bank First in Manitowoc, Wis., has agreed to buy Denmark Bancshares in Denmark, Wis. The $2.9 billion-asset Bank First said in
A group in Florida is looking to form a de novo bank. Organizers of Evermore Bank in Fort Lauderdale applied on
Signature Bank in New York is set to raise about $739 million of offensive capital.The $118 billion-asset bank said in
The first chief innovation officer at the Federal Deposit Insurance Corp. is resigning. Sultan Meghji disclosed in a tweet Tuesday that
SoFi has received conditional approval from the Office of the Comptroller of the Currency to acquire Golden Pacific Bank in
Texas First Bank in Texas City is planning to launch a multicurrency debit account as part of a partnership with
Atlantic Union Bankshares in Richmond, Va., has given a top bank executive more responsibility. The $19.9 billion-asset company said in a
A pair for former Talmer Bancorp bankers are part of an effort to open a de novo in a Detroit
Five banks are part of a group formed to mint and use USDF stablecoins.The initial members of the USDF Consortium
Eastern Bankshares in Boston has agreed to sell its cannabis-related business to NB Financial in Needham, Mass. The $17 billion-asset Eastern
Midwest Community Bancshares in Marion, Ill., has agreed to buy Carbondale Investment in Carbondale, Ill. Midwest, the parent of the $781
The Louisiana Bankers Association has a new CEO. The association said in a press release that its board had elected Ginger
A newly formed company is looking to buy a bank in Dade City, Fla. Aiden Florida Bancshares in Rancho Santa Margarita,
Locality Bank, a de novo planned in Fort Lauderdale, Fla., is set to debut on Wednesday.The proposed bank’s digital application
Civista Bancshares in Sandusky, Ohio, has agreed to buy Comunibanc in Napoleon, Ohio. The $3 billion-asset Civista said in a press
Republic Bancorp in Louisville, Ky., wants Green Dot to pay a $5 million termination fee tied to the termination of
First Guaranty Bancshares in Hammond, La., has hired 13 bankers for its push into Kentucky and West Virginia. The $2.8 billion-asset
The group behind a large fintech fund has completed a separate effort to invest in blockchain projects.JAM Special Opportunity Ventures,
A group is looking to form a de novo bank in Texas. Organizers of Texas Traditions Bank applied with the Federal
The group behind the proposed Nave Bank in San Juan, Puerto Rico, is planning a digital bank. Organizers said in
Lana Chan is the latest bank analyst to cross over and join a bank. Chan, who was an equity analyst for
Organizers in New Canaan, Conn., have applied to form a bank. The application for New Canaan Bank was submitted to the Federal
Customers Bancorp has hired a team of digital banking experts from Silvergate Capital to help the West Reading, Pa., company
Provident Financial Services in Iselin, N.J., has a new bank CEO. The $13.4 billion-asset company said in a press release Thursday
GreenState Credit Union in North Liberty, Iowa, has been blocked from buying a bank. The Nebraska Department of Banking and Finance
Organizers of a proposed de novo in Bloomington, Minn., have selected a new name for the bank. The group has
ACNB Corp. in Gettysburg, Pa., has changed the name of its insurance unit. The $2.8 billion-asset said in a press
The Colorado Bankers Association tapped an insider as its next CEO. The association said in a press release that Jenifer Waller
KS Bancorp in Smithfield, N.C., has a new bank CEO.The $559 million-asset company said in a press release Tuesday that
Central Pacific Financial in Honolulu plans to implement a Banking-as-a-Service (BaaS) strategy. The $7.3 billion-asset Central Pacific said in a press
The CEO of 1895 Bancorp of Wisconsin in Greenfield will soon become a part-time employee. The $541 million-asset company disclosed in
Washington Federal in Seattle plans to switch the charter for its bank from a national association to a state-chartered bank. The
First Republic Bank in San Francisco is looking for a new CEO after one of its leaders abruptly stepped down. The
Jelena McWilliams will resign as chairman of the Federal Deposit Insurance Corp.McWilliams, who has chaired the agency since June 2018,
A pair of banks has formed charitable foundations before the end of 2021. Mercantile Bank in Grand Rapids, Mich., said in
RBB Bancorp in Los Angeles will enter the San Francisco market after it buys Gateway Bank in Oakland. The $3.8
An activist investor is pressing the board of Codorus Valley Bancorp to explain several bylaw changes that were not highlighted
Organizers behind Bank of Burlington in Vermont plan to raise $24 million to $30 million of initial capital. The group said
Nano Banc in Irvine, Calif., has been issued a cease-and-desist order after replacing several directors and hiring a new CEO
Washington Federal in Seattle has been freed from a three-year-old regulatory order. The $19.7 billion-asset company disclosed in a regulatory filing
Bank of Montreal has agreed to buy Bank of the West in San Francisco. Bank of Montreal said in a press
Codorus Valley Bancorp in York, Pa., which has been facing pressure from an activist investor, has shaken up a number
The Federal Reserve Board has paved the way for several large bank mergers to close. The Fed said in a series
Coastal Financial in Everett, Wash., plans to raise up to $34.5 million by selling common stock. The $2.5 billion-asset company
Regions Financial in Birmingham, Ala., has agreed to buy Clearsight Advisors, a McLean, Va., M&A advisory firm focused on technology
Avadian Credit Union in Huntsville, Ala., has agreed to buy Citizens State Bank in Vernon, Ala. The $1.1 billion-asset Avadian entered
Silvergate Capital in La Jolla, Calif., and EJF Capital in Arlington, Va., have launched a joint investment vehicle that will
Customers Bancorp in West Reading, Pa., is introducing a new website and logo to support its efforts to become a
The Federal Deposit Insurance Corp. has given conditional approval to a bank planned in Moultrie, Ga. The agency is requiring
Home Bancorp in Lafayette, La., has agreed to buy Friendswood Capital in Houston. The $2.7 billion-asset Home said in a press
Bank of the James Financial Group in Lynchburg, Va., has agreed to buy Pettyjohn, Wood, & White, a registered investment
Citizens Financial Group in Providence, R.I., has agreed to buy DH Capital, an investment banking firm in New York. DH Capital,
Genesis Bank in Newport Beach, Calif., has created a program to support entrepreneurs.The $57 million-asset de novo said in a
Shareholders have approved the pending sale of Pacific Enterprise Bancorp in Irvine, Calif., to of BayCom in Walnut Creek, Calif. The
Carver Bancorp in New York has lined up an agreement to sell $20 million of common stock over time.The $707
SVB Financial in Santa Clara, Calif., has acquired a sell-side research firm that covers the media, communications and technology sectors. The
Heritage Commerce in San Jose, Calif., has a new bank president. The $5.5 billion-asset company said in a press release Monday
First Republic Bank in San Francisco announced that Chairman and co-CEO Jim Herbert will take a medical leave of absence
Byline Bancorp in Chicago plans to close six branches and sell a portfolio of bank-owned real estate.The $6.7 billion-asset company
Ameris Bancorp in Atlanta has acquired a fintech that provides equipment-finance loans to small and midsize businesses. The $22.5 billion-asset
Meta Financial in Sioux Falls, S.D., will rebrand next year after selling its Meta-related rights and trademarks to another company. The
Atlantic Union Bankshares in Richmond, Va., is planning a third round of branch closures. The $19.9 billion-asset company said in a
An activist investor plans to nominate three candidates for the board of Republic First Bancorp in Philadelphia. Driver Management also wants
Valley National Bancorp in Wayne, N.J., has a new bank president. The $41 billion-asset Valley said in a press release Thursday
A big shareholder of Pacific Enterprise Bancorp has voiced his opposition to the Irvine, Calif., company’s pending sale to BayCom
Alerus Financial in Grand Forks, N.D., has agreed to buy MPB BHC in Phoenix. The $3.2 billion-asset Alerus said in a
Community Financial in Waldorf, Md., will have a new CEO next summer. The $2.3 billion-asset company said in a press release
Synovus Financial in Columbus, Ga., is planning to close about 15% of its existing branches next year.The $56 billion-asset company
First Financial Bancorp in Cincinnati has agreed to buy Summit Funding Group, an equipment financing company in Cincinnati. The $16 billion-asset
Columbia Financial in Fair Lawn, N.J., has agreed to buy RSI Bancorp in Rahway, N.J.The $9.2 billion-asset Columbia said in
A trio of banks has invested in a minority-depository institution in Detroit. First Independence, the parent of the $407 million-asset First
Univest Financial in Souderton, Pa., has acquired an insurance agency in Intercourse, Pa.The $7 billion-asset Univest said in a press
A court in Delaware has rejected a request by Republic Bancorp to force Green Dot to buy its tax refund
Amerant Bancorp in Coral Gables, Fla., is set to bring in $135 million from selling its headquarters property. The $7.5 billion-asset
InBankshares in Denver has agreed to buy Legacy Bank in Wiley, Colo. The $705 million-asset InBankshares said in a press release
TriState Capital Holdings in Pittsburgh will soon have a new CEO.The $12.1 billion-asset company said in a press release Wednesday
BOK Financial in Tulsa, Okla., has accelerated the succession plan for its president and CEO. The $47 billion-asset company said in
A group is looking to form a bank in Burlington, Vt. Organizers of Bank of Burlington applied on Tuesday with the
Lauritzen Corp. has agreed to buy Western States BanCorp. in Laramie, Wyo.Lauritzen, the parent of the $25.7 billion-asset First National
Ion Financial in Naugatuck, Conn., has agreed to buy Lincoln Park Bancorp in Pine Brook, N.J.The $1.7 billion-asset Ion said
Pinnacle Financial Partners in Nashville, Tenn., has entered Washington, D.C., after hiring six bankers from Truist Financial.The $36.5 billion-asset company
SmartFinancial in Knoxville, Tenn., has hired a team of bankers to enter Nashville, Tenn. The $4.4 billion-asset company said in
National Bank Holdings in Denver is working on a digital platform for small and midsize businesses. The $7.1 billion-asset company provided
A proposed de novo has a new name and a high-profile addition to its board. Organizers of ConNext Bank submitted a
Blue Foundry Bancorp in Rutherford, N.J., said it will recognize a $2 million charge in the fourth quarter tied to
A group in Irvine, Calif., is looking to form a minority depository institution.Organizers applied with the Federal Deposit Insurance Corp.
Groups in California and Delaware have applied for deposit insurance.ConNext Bank would be based in Wilmington, Del., according to a
KeyCorp in Cleveland has acquired XUP Payments, a B2B-focused digital platform. The $187 billion-asset KeyCorp, which did not disclose the price
First National of Nebraska in Omaha has agreed to buy Western States BanCorp. in Laramie, Wyo.The $25.8 billion-asset First National
A fund with ties to the Independent Community Bankers of America and two community banks has raised $55 million to
Oak Valley Bancorp in Oakdale, Calif., will have a new president next year. The $1.9 billion-asset company said in a
Orion Federal Credit Union in Memphis, Tenn., has been momentarily barred by a Tennessee court from moving ahead with its
Simmons First in Pine Bluff, Ark., has agreed to buy Spirit of Texas Bancshares in Conroe.The $23.2 billion-asset Simmons said
Federal Savings Bank in Chicago has been ordered to address its risk management, consumer compliance and anti-money laundering protocols. The Oct.
Third Coast Bancshares in Humble, Texas, has raised $100.6 million from its initial public offering. The $2 billion-asset company said in
SmartFinancial in Knoxville, Tenn., has hired a team of wealth management professionals in Mobile, Ala.The $4.4 billion-asset company said in
Oportun in San Carlos, Calif., has agreed to buy neobank Digit. Oportun said in a press release Tuesday that it will
U.S. Bancorp in Minneapolis has agreed to buy TravelBank, a San Francisco fintech that focuses on expense reporting. TravelBank also helps
A group in Delafield, Wis., is looking to form a bank. Organizers of the proposed Virtue Bank applied on Friday
BM Technologies in Radnor, Pa., has agreed to buy First Sound Bank in Seattle.BM Technologies, spun off from Customers Bancorp
Norwood Financial in Honesdale, Pa., is looking for a new CEO. The $2 billion-asset company said in a press release Monday
Patriot National Bancorp in Stamford, Conn., has agreed to buy American Challenger Development in a move designed to create the
Eagle Bancorp Montana in Helena has pushed back the closing date of its pending purchase of First Community Bancorp in
Providence Bank & Trust in South Holland, Ill., has agreed to but Leaders Bank in Oak Brook, Ill. The $1.3 billion-asset
Georgia Banking Co. in Atlanta has agreed to buy Peoples BankTrust in Buford, Ga.The $1 billion-asset Georgia Banking said in
QCR Holdings in Moline, Ill., has agreed to buy Guaranty Federal Bancshares in Springfield, Mo. The $6 billion-asset QCR said
CBTX in Houston has agreed to merge with Allegiance Bancshares in Houston. The companies said in a press release that
Capital One Financial in McLean, Va., has added a former bank CEO to its board. The $425 billion-asset company said in
Malvern Bancorp in Paoli, Pa., said it will have a special loan-loss provision in its fiscal fourth quarter after selling
Dickinson Financial, the parent of Armed Forces Bank in Leavenworth, Kan., has agreed to buy the residential mortgage operations of
Organizers of the proposed Locality Bank in Fort Lauderdale, Fla., have received conditional approval for deposit insurance from the Federal
Amerant Bancorp in Coral Gables, Fla., is cutting costs through a outsourcing agreement with FIS.The $7.5 billion-asset Amerant said in
Blue Ridge Bankshares in Charlottesville, Va., said an issue raised by the Office of the Comptroller of the Currency will
First Merchants in Muncie, Ind., has agreed to buy Level One Bancorp in Farmington Hills, Mich. The $15.1 billion-asset First
OceanFirst Financial in Red Bank, N.J., has agreed to buy Partners Bancorp in Salisbury, Md. The $11.8 billion-asset OceanFirst said in
A group in central Pennsylvania is looking to form a minority, women-owned bank. Organizers of American Women’s Bank in Camp
Richard Hunt is preparing to step down as president and CEO of the Consumer Bankers Association.Hunt, who has held the
First Internet Bancorp in Fishers, Ind., has agreed to buy First Century Bancorp in Roswell, Ga. The $4.3 billion-asset First Internet
MidWestOne Financial Group in Iowa City has agreed to buy Iowa First Bancshares in Muscatine. The $5.9 billion-asset MidWestOne said in
Wintrust Financial in Rosemont, Ill., has agreed to buy a loan portfolio from Allstate. The $48 billion-asset Winstrust said in a
Midland States Bancorp in Effingham, Ill., will spend the next two years winding down a portfolio of point-of-sale loans. The $7.1
BancFirst in Oklahoma City has agreed to buy Worthington National Bank in Arlington, Texas.The $11 billion-asset BancFirst disclosed in a
VyStar Credit Union in Jacksonville, Fla., and Heritage Southeast Bancorp. in Jonesboro, Ga., are bracing for a delayed closing of
A group of Black business owners is looking to form a bank in Columbus, Ohio. Organizers of Adelphi Bank filed an
Primis Financial in McLean, Va., will debut its digital bank in mid-November. The $3.5 billion-asset company said it will launch the
MetaBank Financial Group in Sioux Falls, S.D., has sold $30.2 million of loans as part of an ongoing plan to
New York Community Bancorp’s pending purchase of Flagstar Bancorp in Troy, Mich., is the latest big bank merger to face
City National Bank of Florida in Miami has formed a law firm group.The $20.2 billion-asset company said the newly created
Valley National Bancorp in New York is planning a digital payment solution that will target cannabis-related businesses. The $41.2 billion-asset company
Arrow Financial in Glens Falls, N.Y., has outlined plans to close three branches at a time when it is also
HV Bancorp in Doylestown, Pa., has a new president. The $549 million-asset company said in a press release Tuesday that Bob
Heartland Financial USA in Dubuque, Iowa, is evaluating a plan to consolidate its 11 bank charters. Bruce Lee, the $11.9 billion-asset
Equity Bancshares in Wichita, Kan., has agreed to sell branches in three northern Kansas markets to UBT Bancshares in Marysville,
GreenState Credit Union in North Liberty, Iowa, has agreed to buy Midwest Community Bank in Freeport, Ill.The $8.5 billion-asset GreenState
Esquire Financial Holdings in Jericho, N.Y., plans to sell its portfolio of loans tied to the National Football League’s concussion
MainStreet Bancshares in Fairfax, Va., has created a division dedicated to serve fintechs. The $1.7 billion-asset company said in a
Trustmark in Jackson, Miss., will pay a $5 million civil money penalty tied to consent orders with regulators. The $17.1 billion-asset
Piermont Bank, a de novo in New York, has created a platform to offer credit products to its fintech clients. The
Ally Financial in Detroit is getting back into credit cards with an agreement to buy Fair Square Financial in Wilmington,
Business First Bancshares in Baton Rouge, La., has agreed to buy Texas Citizens Bancorp in Houston.The $4.4 billion-asset Business First
Raymond James Financial in St. Petersburg, Fla., has agreed to buy TriState Capital Holdings in Pittsburgh. Raymond James, parent of the
Banner Corp. in Walla Walla, Wash., plans to close 15 branches as part of a broader efficiency effort. The $16.6 billion-asset
Cambridge Bancorp in Cambridge, Mass., closed two branches during the third quarter. The $4.5 billion-asset company said in a press release
Monit, a Boston fintech that has created a financial platform for small businesses, has become the first investment for JAM
Third Coast Bancshares in Humble, Texas, could raise $75 million as part of a planned initial public offering. The $2
Investar Holding in Baton Rouge, La., plans to recognize a $21.6 million loan-loss provision in the third quarter tied to
BankFirst Capital in Columbus, Miss., has agreed to buy F.B.H. Corp. in Fayette, Ala. The $1.8 billion-asset BankFirst said in a
Peoples Financial Services in Scranton, Pa., plans to record a large gain in the fourth quarter after its sells Visa
First Internet Bancorp in Fishers, Ind., has reached an agreement with ApplePie Capital to buy conventional loans to franchisees.The $4.2
Catalyst Bancorp in Opelousas, La., has raised $52.9 million from its initial public offering and the mutual-to-stock conversion of St.
NorthEast Community Bancorp in White Plains, N.Y., plans to write off the only nonperforming loan on its books. The $1.1
Synovus Financial in Columbus, Ga., announced that its specialty finance division CEO died in an airplane crash on Friday. The $55
Columbia Banking System in Tacoma, Wash., is merging with Umpqua Holdings in Portland, Ore.While the $18 billion-asset Columbia is the
Oportun Financial, a consumer lender in San Carlos, Calf., has withdrawn its application with the Office of the Comptroller of
PCB Bancorp in Los Angeles is working with clients impacted by a ransomware attack that took place over the summer.The
Bank7 in Oklahoma City has agreed to buy Watonga Bancshares in Watonga, Okla. The $1.2 billion-asset Bank7 said in a press
Eastern Bankshares in Boston is planning to sell the corporate offices of Century Bancorp in Medford, Mass. The $17 billion-asset Eastern
A two-day golf trip kickstarted conversations that led to the pending sale of Reliant Bancorp in Brentwood, Tenn., to United
A group in Irvine, Calif., is looking to open a bank. Organizers of Beach Cities Commercial Bank applied with the Federal
PDL Community Bancorp in Bronx, N.Y., has applied for $225 million in capital through a new program handled by the
Frandsen Financial in Lonsdale, Minn., has agreed to buy Bank of Zumbrota and Pine Island Bank from Zumbrota Agency.The $2.6
Nymbus has moved its corporate headquarters to Jacksonville, Fla., to be closer to a large credit union that led a
Republic Bancorp in Louisville, Ky., has filed a lawsuit against Green Dot after a plan to sell its tax refund
Arvest Bank of Fayetteville, Ark., has agreed to sell 16 branches to five different banks.The $26 billion-asset bank said in
Regions Financial in Birmingham, Ala., has agreed to buy Sabal Capital Partners, a leading originator of small-balance commercial real estate
Community Bank System in DeWitt, N.Y., has agreed to buy Elmira Savings Bank in New York. The $14.8 billion-asset Community Bank
Dupaco Community Credit Union in Dubuque, Iowa, has agreed to buy Home Savings Bank in Madison, Wis. The $2.6 billion-asset Dupaco
Eagle Bancorp Montana in Helena has agreed to buy First Community Bancorp in Glasgow, Mont. The $1.4 billion-asset Eagle said in
Washington Federal in Seattle has agreed to pay a civil money penalty tied to a consent order.The $19.6 billion-asset company
SmartFinancial in Knoxville, Tenn., has sold a loan portfolio and other assets to First Bank in Strasburg, Va. The $3.7
First Financial in Terre Haute, Ind., plans to close about 10% of its branches over the next two quarters.The $4.8
First Citizens BancShares in Raleigh, N.C., and CIT Group in New York have extended the deadline for their proposed merger
BancPlus in Ridgeland, Miss., has agreed to buy First Trust in New Orleans. The $5.1 billion-asset BancPlus said in a
Southern Missouri Bancorp in Poplar Bluff, Mo., will enter the St. Louis market with an agreement to buy Fortune Financial
MainStreet Bancshares in Fairfax., Va., has promoted an insider to run its newly formed Banking as a Service division. The
First Financial in Terre Haute, Ind., is planning to combine its two banking units. The $4.8 billion-asset company said in
Bank of Marin Bancorp in Novato, Calif., will have a new CEO in November. The $4 billion-asset company said in
Primis Financial in McLean, Va., has agreed to sell its minority stake in Southern Trust Mortgage. The $3.4 billion-asset Primis
HarborOne Bancorp in Brockton, Mass., has agreed to buy four branches in Massachusetts from Independent Bank in Rockland, Mass. The $4.6
Valley National Bancorp in New York has agreed to buy Bank Leumi USA in New York. The $41 billion-asset Valley said
Waterfall Bank, a de novo proposed for Clearwater, Fla., has secured conditional approval from the Federal Deposit Insurance Corp.Organizers still
Amalgamated Financial in New York will enter Chicago with an agreement to buy Amalgamated Bank.The $6.6 billion-asset Amalgamated Financial said
Veritex Holdings in Dallas has agreed to buy North Avenue Capital in Ponte Vedra, Fla. The $9.3 billion-asset Veritex said
JPMorgan Chase in New York has acquired Frank, a college financial-planning platform. The $3.7 trillion-asset company said in a press release
Natalie Bartholomew has been named chief impact officer at Citizens Bank of Edmond in Oklahoma. Bartholomew recently served as chief
German American Bancorp in Jasper, Ind., has agreed to buy Citizens Union Bancorp of Shelbyville in Kentucky. The $5.3 billion-asset
U.S. Bancorp in Minneapolis has agreed to buy MUFG Union Bank in San Francisco. The $559 billion-asset U.S. Bancorp said
MUFG Union Bank has entered into a consent order with the Office of the Comptroller of the Currency.MUFG Americas Holding,
Alerus Financial in Grand Forks, N.D., will have a new CEO in 2022. The $3.2 billion-asset company said in a
Investors Bancorp in Short Hills, N.J., had “substantive negotiations” with another bank months before agreeing to be sold to Citizens
The Federal Deposit Insurance Corp., which investment support from Truist Financial and Microsoft, is launching a fund supporting minority depository
First Interstate BancSystem in Billings, Mont., has agreed to buy Great Western Bancorp in Sioux Falls, S.D. The $18.9 billion-asset First
Republic Bancorp in Louisville, Ky., will have a new bank CEO next month. The $6.2 billion-asset company said in a
Goldman Sachs Group in New York has agreed to buy point-of-sale lender GreenSky for roughly $2.2 billion. The deal is expected
First Financial Bancshares in Lawrence, Kan., has agreed to buy University National Bank in Lawrence.The parent of the $256 million-asset
Home BancShares in Conway, Ark., has agreed to buy Happy Bancshares in Amarillo, Texas.The $17.6 billion-asset Home said in a
First State Fremont in Fremont, Neb., has agreed to buy Two Rivers Bank in Blair, Neb.The $288 million-asset parent of
Metropolitan Bank Holding in New York is planning to raise up to $172.5 million from selling common stock. The $5.8 billion-asset
Bank of America will soon have a new chief financial officer as part of several management changes that include the
KeyCorp in Cleveland has sold its indirect retail auto loan portfolio.The $181 billion-asset company said in a press release Friday
Associated Banc-Corp in Green Bay, Wis., is beefing up in several areas, including auto finance, equipment finance and digital banking. The
SmartFinancial in Knoxville, Tenn., has entered three new markets in Alabama after hiring several former BBVA bankers. The $3.7 billion-asset
CBTX in Houston has been freed from a 15-month-old regulatory order.The $4.1 billion-asset parent of CommunityBank of Texas disclosed in
Central Valley Community Bancorp in Fresno, Calif., has lined up its next CEO.The $2.3 billion-asset company said in a press
Citizens Financial Group in Providence, R.I., has agreed to buy JMP Group in San Francisco. The $185 billion-asset Citizens said
BayCom in Walnut Creek, Calif., has agreed to buy Pacific Enterprise Bancorp in Irvine, Calif.The $2.1 billion-asset BayCom said in
Nicolet Bankshares in Green Bay, Wis., plans to close 15 branches in Wisconsin and Michigan in December. The $4.6 billion-asset
Patriot National Bancorp in Stamford, Conn., has been freed from a nearly three-year-old formal agreement with the Office of the
MVB Financial in Fairmont, W.Va., has entered into a partnership to allow its fintech clients to offer Bitcoin-related products. The $2.7
Meta Financial in Sioux Falls, S.D., will soon have a new CEO.The $7.1 billion-asset company said in a press release
First US Bancshares in Birmingham, Ala., will shutter its consumer finance unit.The $947 million-asset company disclosed in a regulatory filing
ST Hldgs in Orlando, Fla., has acquired Rochelle State Bank in Rochelle, Ga.ST Hldgs, a bank holding company formed to
First Bancshares in Hattiesburg, Miss., has agreed to buy seven branches in northeast Mississippi from Cadence Bancorp. in Houston. The
Organizers of the proposed Walden Mutual Bank in Concord, N.H., have applied for deposit insurance.The application, submitted to the Federal
Texas Capital Bancshares in Dallas unveiled a plan to improve returns that will require investors to be patient.The $35.2 billion-asset
PDL Community Bancorp in Bronx, N.Y., sold a property for $16.1 million.The $1.5 billion-asset parent of Ponce Bank said in
First Horizon in Memphis, Tenn., will delay the integration of IberiaBank until the first quarter due to the “widespread devastation
CNB Financial in Clearfield, Pa., has hired an outsider to serve as president of its bank.The $5.1 billion-asset company said
The First of Long Island in Glen Head, N.Y., plans to close eight branches at the end of November. The
FVCBancorp in Fairfax, Va., has bought a minority stake in Atlantic Coast Mortgage in Fairfax.The $2 billion-asset company said in
Cadence Bancorp. in Houston has agreed to pay a $3 million penalty and provide more than $4 million in loan
Home Bancorp in Lafayette, La., has agreed to sell a branch in Vicksburg, Miss., to Delta Bank in Vidalia, La.The
Mountain Valley Bank in Walden, Colo., has agreed to buy Cache Bank & Trust in Greeley, Colo.The $318 million-asset Mountain
MVB Financial in Fairmont, W.Va., will increase its stake in Interchecks Technologies, a payment disbursement platform. Interchecks, founded in 2016,
Rhodium BA Holdings has increased the price it will pay for Sunnyside Bancorp in Irvington, N.Y.The $99 million-asset Sunnyside disclosed
Two veteran members of Bank of America’s executive team are stepping down at the end of this year.The $3 trillion-asset
Planters Holding in Indianola, Miss., will enter Tennessee with an agreement to buy Germantown Capital.The $1.3 billion-asset Planters said in
A group in New Hampshire is looking to form the first new mutual in more than four decades.Organizers of Walden
Berkshire Hills Bancorp has a new chairman.The $12.3 billion-asset company said in a Wednesday press release that Bill Dunlaevy retired
The owner of the Houston Rockets has agreed to buy Chasewood Bank in Houston.MergerCo, an entity owned by Tilman Fertitta,
BOK Financial in Tulsa, Okla., has promoted an executive to oversee all of its specialized lending businesses.The $47 billion-asset company
Berkshire Hills Bancorp in Boston has agreed to sell its insurance business to Brown & Brown in Daytona Beach, Fla.The
The Western Bankers Association has cancelled the annual conference it was planning next month in Hawaii.The event was scheduled to
Scott Credit Union in Edwardsville, Ill., has agreed to buy Tempo Bank in Trenton, Ill. The $1.5 billion credit union said
Santander Consumer USA Holdings in Dallas has agreed to a deal that will bring it completely under the umbrella of
Seacoast Banking Corp. of Florida in Stuart has agreed to buy Sabal Palm Bancorp in Sarasota, Fla., and Business Bank
The First Bancshares in Hattiesburg, Miss., plans to switch from a national bank charter to a state bank charter.The $5.5
Organizers of Gainey Business Bank in Scottsdale, Ariz., have secured conditional approval from the Federal Deposit Insurance Corp.The group must
Fairwinds Credit Union in Orlando, Fla., has agreed to buy Citizens Bank of Florida in Oviedo.The $3.9 billion-asset Fairwinds said
First Seacoast Bancorp in Dover, N.H., has agreed to buy a portfolio of wealth management accounts.The $478 million-asset company disclosed
Southern States Bancshares in Anniston, Ala., raised $15.8 million from its initial public offering. The $1.5 billion-asset company said in a
Old Second Bancorp in Aurora, Ill., has added a former executive at TCF Financial to its board.The $3.3 billion-asset company
Citizens State Bank in Somerville, Texas, has agreed to buy Burton State Bank in Texas.The $840 million-asset Citizens State said
Northeast Bank in Portland, Maine, is planning to ramp up efforts to offer traditional Small Business Administration loans to small
New York Community Bancorp in Westbury is planning to work with Figure Technologies on a series of blockchain projects.The $57.5
Sens. John Hickenlooper, D-Colo., and Sens. Tim Scott, R-SC, have introduced a bill that would lift the moratorium on issuing
Amalgamated Financial in New York has added a former banker to its board.The $6.6 billion-asset company said in a press
Triad Business Bank, a Greensboro, N.C. de novo that opened last year, has raised $15 million in new capital. The
Minnwest Bank in Redwood Falls, Minn., has agreed to buy Roundbank in Waseca, Minn.The $2.4 billion-asset Minnwest said in a
GreenSky in Atlanta said plans by Truist Financial in Charlotte, N.C., to end a loan origination agreement will not have
Royal Credit Union in Eau Claire, Wis., has agreed to buy Lake Area Bank in Lindstrom, Minn.The $3.7 billion-asset credit
Orion Federal Credit Union in Memphis, Tenn., has agreed to buy Financial Federal Bank in Memphis.The $1 billion-asset credit union
Provident Bancorp in Amesbury, Mass., has set an ambitious goal for its dealings in crypto-related businesses.The $1.6 billion-asset company disclosed
Truist Financial in Charlotte, N.C., has agreed to buy Service Finance, a Boca Raton, Fla., company that makes point-of-sale loans
National Bank Holdings in Denver has invested in a blockchain fintech firm as part of a broader effort to build
Simmons First National in Little Rock, Ark., has created an equipment finance division after hiring 11 commercial bankers.The $23.4 billion-asset
Valley National Bancorp in New York had to raise its offer to strike a deal for Westchester Bank Holding in
Orange County Bancorp in Middletown, N.Y., raised $35.2 in net proceeds from its initial public offering.The $1.9 billion-asset company said
First Financial in Terre Haute, Ind., has agreed to buy Hancock Bancorp in Hawesville, Ky.The $4.8 billion-asset First Financial said
First BanCorp in San Juan, Puerto Rico, sold $52.5 million of nonperforming mortgages. The $21.4 billion-asset company disclosed in a
It only took Columbia Banking System in Tacoma, Wash., three months to hammer out its first bank acquisition in more
BTC Bank in Bethany, Mo., has agreed to buy Home Exchange Bank in Jamesport, Mo.The $704 million-asset BTC said in
Arbor Bancorp in Ann Arbor, Mich., has revived plans to buy FNBH Bancorp in Howell, Mich. The $2.5 billion-asset Arbor
Sunnyside Bancorp in Irvington, N.Y., has received another offer from a would-be acquirer.Kenneth Torsoe, an investor in Suffern, N.Y., said
OFG Bancorp in San Juan, Puerto Rico, has invested in Nymbus. Nymbus, a fintech that helps banks and credit unions
Citizens Financial Group in Providence, R.I., has agreed to buy Willamette Management Associates, a valuation consulting and forensic analysis firm.The
Organizers of Locality Bank in Fort Lauderdale, Fla., has started raising the funds needed to open the proposed bank. The group
Alabama Credit Union in Tuscaloosa has agreed to buy Security Federal Savings Bank in Jasper, Ala.The $1.3 billion-asset credit union
First Bank in Hamilton, N.J., has agreed to buy two New Jersey branches from OceanFirst Financial in Red Bank, N.J.
Genesis Bank has opened in Newport Beach, Calif.The de novo said in a press release that it received its final
BOK Financial in Tulsa, Okla., is readying for the final stage of CEO succession. The $47 billion-asset company said in press
Cypress Bank & Trust has received conditional approval for deposit insurance from the Federal Deposit Insurance Corp. Organizers of the
A group is looking to form a bank in Huntsville, Ala. Organizers of the proposed Nova Bank applied with the
A group in Bloomington, Minn., is looking to form a bank.Organizers of Brava Bank applied with the Federal Deposit Insurance
Stock Yards Bancorp in Louisville, Ky., has agreed to buy Commonwealth Bancshares in Louisville. The $6.1 billion-asset Stock Yards said in
Newtek Business Services in Boca Raton, Fla., has agreed to buy National Bank of New York City as part of
Aquesta Financial Holdings in Cornelius, N.C., received offers from six bidders when it looked to sell itself earlier this year.
Freedom Bank in Fairfax, Va., plans to form a bank holding company.The $837 million-asset bank said in a press release
TowneBank in Suffolk, Va., has a new president.The $15.8 billion-asset bank said in a press release Friday that Brad Schwartz
First Mid Bancshares in Mattoon, Ill., has agreed to buy Delta Bancshares in St. Louis, along with a loan and
Finward Bancorp in Munster, Ind., has agreed to buy Royal Financial in Chicago.The $1.6 billion-asset Finward said in a press
Community Trust Bancorp in Pikeville, Ky., will have a new CEO in 2022.The $5.5 billion-asset company said in a press
Horizon Bancorp in Michigan City, Ind., plans to close 10 branches.The $6.1 billion-asset company said in a press release Tuesday
Citizens Financial Group in Providence, R.I., has agreed to buy Investors Bancorp in Short Hills, N.J. The $185.1 billion-asset Citizens
TriCo Bancshares in Chico, Calif., has agreed to buy Valley Republic Bancorp in Bakersfield, Calif.The $8 billion-asset TriCo said in
CVB Financial in Ontario, Calif., has agreed to buy Suncrest Bank in Visalia, Calif.The $15 billion-asset CVB said in a
First Busey in Champaign, Ill., plans to close 15 branches. The $12.4 billion-asset company said in a press release Tuesday
Organizers of Genesis Bank in Newport Beach, Calif., have raised enough capital to open their proposed de novo.The group said
MainStreet Bancshares in Fairfax, Va., has added a former regulator to its board. The $1.7 billion-asset company said in a
First Western Financial in Denver has agreed to buy Teton Financial Services in Jackson, Wyo. The $2 billion-asset First Western
Bank of the Lowcountry in Walterboro, S.C., has a new CEO. The $269 million-asset bank said in a LinkedIn post
HBT Financial in Bloomington, Ill., is planning to close a number of branches. The $4 billion-asset company said in a
Old Second Bancorp in Aurora, Ill., has agreed to buy West Suburban Bancorp in Lombard, Ill. The $3.3 billion-asset Old Second
Hanmi Financial in Los Angeles disclosed that its bank recently received a “needs to improve” rating tied to the Community
Heritage Financial in Olympia, Wash., is continuing to close branches.The $7.1 billion-asset company said in a press release Friday that
South State in Winter Haven, Fla., has agreed to buy Atlantic Capital Bancshares in Atlanta. The $40.4 billion-asset South State
A trio of banks has disclosed recent sales of Paycheck Protection Program loans.Amerant Bancorp in Coral Gables, Fla.; Eagle Bancorp
Simmons First National in Pine Bluff, Ark., and Landmark Community Bank in Collierville, Tenn., tried on three occasions to work
CNB Financial in Clearfield, Penn., is set to enter Virginia.The $5.1 billion-asset company said in a press release Tuesday that
Level One Bancorp in Farmington Hills, Mich., has a new president. The $2.6 billion-asset company said in a press release
Hancock Whitney in New Orleans eliminated 200 jobs and will close 18 branches.The $35.1 billion-asset company said in a press
Cambridge Savings Bank in Boston has created a digital-only bank.The $5 billion-asset mutual bank said in a press release that
Equity Bancshares in Wichita, Kan., will enter the St. Joseph, Mo., market after buying three branches from Valley View Financial
Spencer Savings Bank in Elmwood Park, N.J., has agreed to buy Mariner’s Bank in Edgewater, N.J.The $3.6 billion-asset Spencer said
LendingClub will pay $18 million to settle a longstanding dispute with the Federal Trade Commission over allegedly hidden fees.The San
United Community Banks in Greenville, S.C., will enter central Tennessee with an agreement to buy Reliant Bancorp in Brentwood.The $18.6
Blue Ridge Bankshares in Charlottesville, Va., has agreed to buy FVCBankcorp in Fairfax, Va. The $3.2 billion-asset Blue Ridge said
First Republic Bank in San Francisco now has two CEOs.The $161 billion-asset bank said in a press release Monday that
F.N.B. Corp. in Pittsburgh has agreed to buy Howard Bancorp in Baltimore. The $38 billion-asset F.N.B. said in a press release
RBB Bancorp in Los Angeles has agreed to buy a branch in Honolulu from Bank of the Orient. The $3.7
S&T Bancorp in Indiana, Pa., will soon have a new leader. The $9.3 billion-asset company said in a press release
Lakeland Bancorp in Oak Ridge, N.J., has agreed to buy 1st Constitution Bancorp in Cranbury, N.J.The $7.8 billion-asset Lakeland said
Bank of New York Mellon in New York has agreed to buy Milestone Group, a company that provides fund management
Heritage Commerce in San Jose, Calif., has set aside $4 million to cover a legal settlement.The $5 billion-asset company said
The CEO of United Bancorp. in Atmore, Ala., has retired. The $949 million-asset company said in a press release Wednesday
Ray Grace has retired as North Carolina’s commissioner of banks.Gov. Roy Cooper announced in a recent press release that he
Codorus Valley Bancorp in York, Pa., is facing calls from an activist investor to find a buyer. Driver Management in New
Select Bancorp in Dunn, N.C., decided early on to deal exclusively with First Bancorp in Southern Pines, N.C., according to
First Bancorp in Southern Pines, N.C., has sold its insurance business. The $7.7 billion-asset company disclosed in a regulatory filing Friday
The Loan Source has acquired more Paycheck Protection Program loans.Blue Ridge Bankshares in Charlottesville, Va., disclosed in a regulatory filing
CF Bankshares in Columbus, Ohio, is winding down its direct-to-consumer mortgage business.The $1.6 billion-asset parent of CFBank said in a press
Community Bank System in DeWitt, N.Y., has bought a company that provides consulting services tied to retirement plans and benefits.The
German American Bancorp will have a new CEO next year. The $5.2 billion-asset company said in a press release Thursday that
A group in Moultrie, Ga., is looking to form a bank. Organizers of the proposed Moultrie Bank & Trust filed
Live Oak Bancshares in Wilmington, N.C., has hired the former chief financial officer at First Horizon to fill the same
Mid Penn Bancorp in Millersburg, Pa., has agreed to buy Riverview Financial in Harrisburg, Pa.The $3 billion-asset Mid Penn said
Trustmark in Jackson, Miss., is the latest bank to sell Paycheck Protection Program loans to The Loan Source.The $16.9 billion-asset
Midland States Bancorp in Effingham, Ill., will report an after-tax gain of $2.9 million in the second quarter after settling
Valley National Bancorp in New York is expanding to the north with an agreement to buy Westchester Bank Holding in
Dime Community Bancshares in Hauppauge, N.Y., plans to close five New York branches.The $13 billion-asset company said in a press
Chemung Financial in Elmira, N.Y., disclosed that its bank had entered into a consent order with the New York State
Community State Bank in Avilla, Ind., will soon have a new CEO.The $347 million-asset bank said in a press release
FineMark Holdings in Fort Myers, Fla., has raised $82.5 million from a private placement.The $2.9 billion-asset parent of FineMark National
Apollo Bank in Miami, which tried unsuccessfully to sell itself to a credit union, has formed a residential lending division.
Fentura Financial in Fenton, Mich., has agreed to buy Farmers State Bank in Munith, Mich.The $1.3 billion-asset Fentura said in
JPMorgan Chase has agreed to buy OpenInvest, a San Francisco fintech that helps financial professionals customize and report on values-based
Dime Community Bancshares in Hauppauge, N.Y., has sold a block of Paycheck Protection Program loans to The Loan Source.The $13
Amerant Bancorp in Coral Gables, Fla., has invested $2.5 million in a robo adviser.Marstone in New York said it raised
Rita Lowman, whose bank is being sold to a credit union, has resigned from the board of the American Bankers
TS Banking Group in Treynor, Iowa, has agreed to buy State Bank of Arcadia in Wisconsin.The $1.5 billion-asset TS Banking
A Chicago company that provides AI solutions for lenders is looking to form a digital-only bank.Organizers of the proposed Beta
Popular in San Juan, Puerto Rico, has added a fintech expert to its board. The $67 billion-asset company said in
First Internet Bancorp in Fishers, Ind., will soon have a new president.The $4.2 billion-asset company said in a press release
Columbia Banking System in Tacoma, Wash., will enter California with its pending purchase of Bank of Commerce Holdings in Sacramento. The
The parent company of Cross River Bank in Fort Lee, N.J., has acquired a data and risk analytics firm.CRB Group
Farmers National Banc in Canfield, Ohio, has agreed to buy Cortland Bancorp in Cortland, Ohio.The $3.3 billion-asset Farmers National said
Fifth Third Bancorp in Cincinnati has agreed to buy Provide, a digital platform for health care practices.The $207 billion-asset Fifth
Nicolet Bankshares in Green Bay, Wis., has agreed to buy County Bancorp in Manitowoc, Wis.The $4.5 billion-asset Nicolet said in
First Commonwealth Financial in Indiana, Pa., has created an equipment finance division.The $9.4 billion-asset company said in a recent press
Middlefield Banc Corp. in Middlefield, Ohio, is looking for a new leader. The company said in a press release Friday that
RCB Holding in Claremore, Okla., has agreed to buy Oklahoma State Bancshares in Vinita.The $3.7 billion-asset RCB said in a
Columbia Financial in Fair Lawn, N.J., has agreed to buy Freehold Bancorp in Freehold, N.J. The $9 billion-asset Columbia said
Cross River Bank in Fort Lee, N.J., has formed a venture capital division to invest in fintechs and other startups.The
Sunnyside Bancorp in Irvington, N.Y., has terminated an agreement to be sold to a Florida real estate firm to instead
Equity Banchshares in Wichita, Kan., didn’t waste time getting the S-4 out for its pending acquisition of American State Bancshares
Organizers in Arizona have applied to form a Integro Bancorp in Phoenix.The group submitted an application with the Federal Deposit
Lake Michigan Credit Union in Grand Rapids, Mich., is doubling down in Florida with an agreement to buy Pilot Bank
Primis Financial in Charlottesville, Va., has added a prominent bank investor to its board. The $3.3 billion-asset company said in
The Federal Reserve has freed SunTrust Bank from a November 2019 consent order it handed down before approving the bank's
Let's take a look at some of the behind-the-scenes action for Bank of Marin Bancorp's pending purchase of American River
HomeTrust Bancshares in Asheville, N.C., plans to close nine branches in three states as part of a broader efficiency effort.
Pinnacle Financial Partners in Nashville, Tenn., will enter Huntsville, Ala., after hiring nine former bankers from BBVA USA.The $35 billion-asset
Cornerstone Home Lending in Houston has agreed to buy Roscoe State Bank in Texas.Cornerstone did not disclose the price it
We're trying a new format to make content about a merger's background easier to digest. Rather than provide a lengthy
Brookline Bancorp in Boston is shaking up several top executive posts.The $8.6 billion-asset company said in a press release Monday
CrossFirst Bankshares in Leawood, Kan., will enter Phoenix after hiring a former CIT Group banker.The $6 billion-asset company said in
Organizers in western North Carolina have received conditional approval to open a bank. The Federal Deposit Insurance Corp. on June 1
Square has made a multimillion investment in Southern Bancorp in Arkadelphia, Ark.Square said in a press release Thursday that it
CB Financial Services in Washington, Pa., has agreed to sell two branches to Citizens Financial in Elkins, W.Va. The $1.5
A group is looking to form a bank in Ft. Myers, Fla.Organizers of Gulf Coast Business Bank filed an application
Community Savings Bancorp in Caldwell, Ohio, has agreed to be sold to an entity owned by former Pacific Union Financial
PDL Community Bancorp in New York expects to record a pretax gain of $4.2 million after completing a sale-leaseback transaction.The $1.4
Regions Financial in Birmingham, Ala., has agreed to buy EnerBank USA, a home improvement lender based in Salt Lake City.
The biggest shareholder at FB Financial in Nashville, Tenn., is selling a large block of stock. The $11.9 billion-asset company
Independent Bank in Hanover, Mass., initially balked at making an offer for Meridian Bancorp in Peabody, Mass. The $13.8 billion-asset Independent, when
HBT Financial in Bloomington, Ill., has agreed to buy NXT Bancorp. in Cedar Rapids, Iowa. The $3.9 billion-asset HBT said in
Keefe, Bruyette & Woods has a new director of research. The New York investment bank, which is part of Stifel Financial,
Simmons First National in Pine Bluff, Ark., has agreed to buy Landmark Community Bank in Collierville, Tenn., and Triumph Bancshares
Oconee Financial in Watkinsville, Ga., has agreed to buy Elberton Federal Savings and Loan Association in Elberton, Ga. The $520
German American Bancorp in Jasper, Ind., has agreed to sell two branches in Lexington, Ky. The $5.2 billion-asset company disclosed in
Liberty Financial Services in New Orleans has agreed to buy Tri-State Bank of Memphis in Tennessee in a deal involving
United Bankshares in Charleston, W.Va., has agreed to buy Community Bankers Trust in Richmond, Va.The $27 billion-asset United said in
First Foundation in Dallas is moving into Florida with an agreement to buy TGR Financial in Naples.The $7.1 billion-asset First
First Bancorp in Southern Pines, N.C., has agreed to buy Select Bancorp in Dunn, N.C. The $7.7 billion-asset First Bancorp
Old National Bancorp in Evansville, Ind., has agreed to buy First Midwest Bancorp in Chicago. The $23.7 billion-asset Old National said
A wave of large bank mergers has lifted aggregate deal value for 2021 above last year's levels.The overall value for
People's Bank of Commerce in Medford, Ore., is one step closer to forming a holding company.Shareholders of the $808 million-asset
United Community Banks in Blairsville, Ga., has agreed to buy Aquesta Financial Holdings in Cornelius, N.C. The $18.6 billion-asset United
HSBC Holdings is selling a majority of its U.S. branches to Citizens Financial Group in Providence, R.I., and Cathay General
GreenState Credit Union in North Liberty, Iowa, has agreed to buy banks in Illinois and Nebraska. The $7.5 billion-asset credit union
RBB Bancorp in Los Angeles has separated its chairman and CEO positions. The $3.7 billion-asset company said in a press
Horizon Bancorp in Michigan City has agreed to buy 14 Michigan branches from TCF Financial in Detroit. TCF will sell the
NorthWest Indiana Bancorp in Munster, Ind., has taken on a new identity. The $1.6 billion-asset company said in a press release
Veteran banker George Jones passed away on Friday.Jones, 77, had been dealing with a “long illness,” according to an obituary
Customers Bancorp in Wyomissing, Pa., is planning to launch a closed-loop real-time payments platform. The $18.8 billion-asset company said in
First Community in Lexington, S.C., has added a veteran banker to its board. The $1.5 billion-asset company said in a press
Enterprise Financial Services in Clayton, Mo., had an advocate when it decided to pursue First Choice Bancorp in Cerritos, Calif.,
Glacier Bancorp in Kalispell, Mont., has agreed to buy Altabancorp in American Fork, Utah. The $19.8 billion-asset Glacier said in a
Legacy Bank of Florida in Boca Raton delayed plans to sell itself for nearly a year as it responded to
Berkshire Hills Bancorp in Boston has created a three-year plan to improve investor returns. The $12.8 billion-asset company, in a
Several bank analysts have changed jobs in recent weeks.Matthew Kelley shared on his LinkedIn profile that he had been hired
Equity Bancshares in Wichita, Kan., is bolstering operations in its home state with an agreement to buy American State Bancshares
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