INSIGHTS INTO THE BANKING INDUSTRY
Institutional Shareholder Services has recommended that Territorial Bancorp shareholders reject the Honolulu company's pending sale to Hope Bancorp in Los Angeles. The proxy advisory firm also made comments supportive of an unsolicited bid for the $2.2 billion-asset Territorial by a group that includes banking veteran Allan Landon and Blue Hill Advisors. "Given the lack of a robust sales process, the fact that the merger agreement restrictions accepted by the board
Five Rivers Bank, a proposed de novo being formed by a group of Sikh-Americans, has gained conditional approval from the Federal Deposit Insurance Corp. The Paramus, N.J., group applied with the FDIC in September 2023. The agency is requiring organizers to raise $33.5 million before the bank can open. While Five Rivers would focus on the needs of Sikh-American individuals and businesses, it will also “develop a service culture and
First Foundation in Dallas has begun the process of purging multifamily loans from its balance sheet. The $13.6 billion-asset company said in a press release that it reclassified about $1.9 million of loans from held to maturity to held for sale. The company said it expects fair-value pricing for the loans to surpass 92% based on recent pricing for Southern California-focused multifamily loans and "renewed optimism for lower rates." The
AmeriNational Community Services in Albert Lea, Minn., received Federal Reserve approval to form a bank holding company so it can buy Northwest Bancorp. of Illinois in Palatine. AmeriNational, an economic development and affordable housing loan servicer, applied with the Fed late last year as part of its plan to buy the parent of the $215 million-asset First Bank and Trust Co. of Illinois. "AmeriNat has operated in a complex and
Abri Credit Union in Romeoville, Ill., has a new CEO. The $400 million-asset Abri said in a press release that Colleen Brooks had also become its president. Brooks, who was the credit union's senior vice president of administration, succeeded Brian Cedergren, who retired. "I am profoundly grateful to our board ... for their confidence as well as my family and friends for their unwavering support," Brooks wrote in a LinkedIn
Zions Bancorp. in Salt Lake City has agreed to buy four California branches from FirstBank in Lakewood, Colo. Zions' subsidiary California Bank & Trust will also gain about $730 million in deposits and $420 million in loans from the branches, which are located in the Coachella Valley. The transaction is expected to close in the first quarter; the price wasn't disclosed. "This transaction provides us a team of accomplished banking
JD Bancshares in Jennings, La., has a president. The $1.2 billion-asset company said in a press release that Paul Brummett II had also become CEO of JD Bank. He also joined the boards of the company and the bank. Brummet, who has been chief financial officer, succeeded Bruce Elder, who has led the company since 2019. Separately, Jimmy LeBlanc was named the bank's president and chief banking officer. He has
SVB Financial Group in Santa Clara, Calif., sold its investment platform business. The former holding company to Silicon Valley Bank, which failed last year, said in a press release that it sold SVB Capital to affiliates of Pinegrove Capital Partners, backed by evergreen capital from Brookfield Asset Management and Sequoia Heritage. The consideration included cash and other economic interests. MoffettNathanson, a sell-side research business owned by SVB Financial, was not
Jim Cooper was named president and CEO of the Conference of State Bank Supervisors. Cooper has been serving as acting president
UMB Financial in Kansas City, Mo., has agreed to buy the health savings account business of Old National Bancorp in
Avidia Bank in Hudson, Mass., is on the lookout for a new CEO. The $2.4 billion-asset bank said in a press
Greg Gonzales, the commissioner of the Tennessee Department of Financial Institutions, has appealed a judge's decision that would allow Orion
A group with ties to a wealth management firm in Scottsdale, Ariz., has applied to form a bank in the
The leaders of United Community Banks in Blairsville, Ga., and Progress Financial in Huntsville, Ala., quickly bonded as they discussed
Cornerstone League in Plano, Texas, and Heartland Credit Union Association in Overland Park, Kan., are exploring a merger of their
An investor who tried to buy Golden Pacific Bancorp in Sacramento, Calif., has been banned from the banking industry. The Federal
Blake Paulson, who briefly served as acting comptroller in 2021, is one of three members of the Office of the
Horizon Bancorp in Michigan City, Ind., has tapped a former bank executive as its lead director. The $7.4 billion-asset company said
Burke & Herbert in Alexandria, Va., plans to form a holding company.The $3.6 billion-asset bank said in a press release
BankFirst Capital in Columbus, Miss., has agreed to buy Tate Financial in Senatobia, Miss. The $2 billion-asset BankFirst said in a
St. Landry Homestead Federal Savings Bank in Opelousas, La., has rebranded. The $287 million-asset bank said in a press release Thursday
The Consumer Financial Protection Bureau plans to step up its examination of certain financial institutions’ overdraft policies. The bureau said in
New Peoples Bank in Honaker, Va., has made “significant progress” getting its computer systems back online.The $813 million-asset bank said
First Bancorp in Southern Pines, N.C., has agreed to buy GrandSouth Bancorp. in Greenville, S.C. The $10.5 billion-asset First Bancorp said
Washington Business Bank in Olympia, Wash., has agreed to sell itself to Stripe co-founder Darragh Buckley. The $106 million-asset bank said
Let's talk about overdraft fees.Citigroup just announced that it had removed overdraft, overdraft protection transfer and returned item fees from
ECB Bancorp in Everett, Mass., is letting investors buy more shares of its stock as part of its mutual-to-stock conversion. The
Digital Federal Credit Union in Marlborough, Mass., will soon have a new CEO. The $9.8 billion-asset credit union said in a
Truist Financial has officially launched its technology center in downtown Charlotte, N.C. The $544 billion-asset company said in a press release
Two Rivers Financial Group in Burlington, Iowa, has agreed to buy Lee County Bank in West Point, Iowa.The $972 million-asset
The Consumer Financial Protection Bureau plans to review credit card rules as the qualified mortgage rule. Rohit Chopra, the CFPB’s director,
New Peoples Bank in Honaker, Va., is working through systems outages.The $813 million-asset bank said in a post on its
First National Bank & Trust in Iron Mountain, Mich., has a new president. The $421 million-asset bank said Russell Kassin had
Amerant Bancorp in Coral Gables, Fla., will enter the Tampa, Fla., market after hiring a team of bankers. The $7.8
Atlantic Union Bankshares in Richmond, Va., has added a banking veteran to its board. The $19.8 billion-asset company said in a
VersaBank in London, Ontario, has agreed to buy Stearns Bank Holdingford in Holdingford, Minn.The $2.1 billion-asset Canadian bank said in
Zions Bancorp. in Salt Lake City is the latest bank to rein in overdraft and nonsufficient funds (NSF) fees.The $91
A group of legislators led by Sen. Elizabeth Warren, D-Mass., wants the Office of the Comptroller of the Currency to
M&T Bank in Buffalo, N.Y., announced that its president will retire. The $149.9 billion-asset company said in a press release Thursday
VyStar Credit Union in Jacksonville, Fla., and Heritage Southeast Bancorp. have terminated VyStar’s planned acquisition of Heritage Southeast Bank in
Farmers & Merchants Bancorp in Archbold, Ohio, has agreed to buy Peoples-Sidney Financial in Sidney, Ohio. The $2.6 billion-asset F&M said
Codorus Valley Bancorp in York, Pa., has added a veteran banker to its board. The $2.3 billion-asset company said in a
Buckeye State Bank in Powell, Ohio, has agreed to buy First City Bank in Columbus, Ohio.The $263 million-asset Buckeye said
CrossFirst Bankshares in Leawood, Kan., will enter Colorado and New Mexico as part of an agreement to buy Farmers &
Coinbase Global in Wilmington, Del., will cut nearly a fifth of its employees. The crypto exchange said in a Tuesday regulatory
Truist Financial in Charlotte, N.C., has opened a wealth management office in downtown Chicago.The $554 billion-asset company said in a
PacWest Bancorp in Los Angeles will soon have a new president.The $39 billion-asset company said in a press release Monday
Comerica in Dallas plan to close 22 branches later this year.The $89 billion-asset company said in a press release Monday
Achieva Credit Union in Dunedin, Fla., has begun offering a bitcoin service on its mobile app.The $2.6 billion-asset credit union
The list of banks curbing overdraft and nonsufficient funds (NSF) fees continues to grow. Cullen/Frost Bankers in San Antonio said on
First Waterloo Bancshares in Waterloo, Ill., has agreed to buy Village Bancshares in St. Libory, Ill.The $803 million-asset First Waterloo
Daryl Byrd is stepping down as chairman of First Horizon in Memphis, Tenn. The $88.7 billion-asset company disclosed in a
Ponce Financial Group in Bronx, N.Y., has received $225 million in Tier 1 capital through the Emergency Capital Investment Program
Apple plans to provide the financing for its new Buy Now, Pay Later product. The Cupertino, Calif., technology company said
Wintrust Financial in Rosemont, Ill., has raised $248.4 million through a common stock offering. The $50.3 billion-asset Wintrust sold about 3
FB Financial in Nashville, Tenn., needs a new chairman. The $12.7 billion-asset company disclosed in a regulatory filing that Stuart McWhorter
Central Bank of the Midwest in Jefferson City, Mo., has paid $3.9 million to become the official bank of the
CrossFirst Bankshares in Leawood, Kan., will soon have a new bank president. The $5.5 billion-asset company said in a press
Security Federal in Aiken, S.C., and BancPlus in Ridgeland, Miss., are the latest banking companies to participate in the Treasury
Mission National Bank in San Francisco has a new CEO. MNB Holdings, the parent company of the $214 million-asset Missional National,
American Bank Holding in Corpus Christi, Texas, has agreed to buy TexStar National Bank in Universal City, Texas. The $2.1 billion-asset
Custodia Bank has filed a lawsuit against the Federal Reserve Board and the Kansas City Fed in an effort to
Broadway Financial in Los Angeles has sold $150 million of preferred stock to the Treasury Department as part of the
Atlantic Union Bankshares in Richmond, Va., has agreed to sell its stake in a Roanoke, Va., investment advisory firm.The $19.8
Lucid Group in Newark, Calif., has reached a deal with Bank of America where the Charlotte, N.C., banking company will
New Community Bancorp in Westbury and Flagstar Bancorp in Troy, Mich., will eliminate nonsufficient funds fees on Aug. 1. The $47
John Marshall Bancorp in Reston, Va., has announced several management changes as part of its succession planning. The $2.3 billion-asset company
Republic Bancorp in Louisville, Ky., and Green Dot have settled a dispute over a terminated acquisition.The $6.3 billion-asset Republic disclosed
Jelena McWilliams, who stepped down as chairman of the Federal Deposit Insurance Corp. earlier this year, has joined Cravath, Swaine
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
A proposed bank in Columbus, Ohio, has received conditional approval from the Federal Deposit Insurance Corp. The FDIC approved deposit insurance
Eagle Financial Services in Berryville, Va., has a new bank president.The $1.4 billion-asset company said in a press release Wednesday
Credit Union 1 in Rantoul, Ill., has agreed to buy NorthSide Community Bank in Gurnee, Ill. The $1.3 billion-asset CU1 said
Capital One Financial in McLean, Va., has created an enterprise B2B software business to help companies that operate in the
Greenwood Financial, an Atlanta digital bank aimed at Black and Latino clients, has bought The Gathering Spot, a private membership
NuMark Credit Union in Joliet, Ill., has agreed to buy Pioneer State Bank in Earlville, Ill. The $623 million-asset NuMark said
A former CEO of Noah Bank in Elkins Park, Pa., has been convicted on charges that he accepted bribes in
Esquire Financial Holdings in Jericho, N.Y., has signed an agreement to offer financing to a wide swath of commercial law
Orion Federal Credit Union’s pending purchase of Financial Federal Bank in Memphis is back on track after a judge in
Sandy Spring Bancorp in Olney, Md., has sold it insurance business to Hub International. The $12.7 billion-asset company said in press
Eagle Bancorp in Bethesda, Md., will pay nearly $13 million to resolve a longstanding probe by the Securities and Exchange
Heritage Financial in Olympia, Wash., has hired 25 bankers in a number of key markets. The $7.5 billion-asset company said in
James Ballentine, who retired in May from the American Bankers Association, has formed his own lobbying and consulting firm. Ballentine Strategies
F.N.B. in Pittsburgh has agreed to buy UB Bancorp in Greenville, N.C. The $42 billion-asset F.N.B. said in a press release
PNC Financial Services Group in Pittsburgh will convert about 60% of its branches to an automated model over the next
Savi Financial in Mount Vernon, Wash., is planning a complicated process to form a de novo and become a multibank
Republic Bancorp in Louisville, Ky., plans to invest $5 million in tech startups after creating an incubator program. The $6.3 billion-asset
Beach Bancorp in Fort Walton Beach, Fla., made overtures to more than a dozen credit unions before agreeing to sell
Ponce Financial Group in Bronx, N.Y., has reshuffled its executive ranks.The $1.7 billion-asset company said in a press release Tuesday
PNC Financial Services Group in Pittsburgh will soon have a new head of retail banking. The $552 billion-asset company said in
BancCentral in Alva, Okla., is selling its only branches in Kansas to Plains Bancshares in Plains, Kan.The parent of the
First Financial in Cincinnati is the latest bank to announce plans to address overdraft fees. The $16 billion-asset company said in
Bank of New York Mellon has agreed to sell BNY Alcentra Group Holdings to Franklin Templeton.The $440 billion-asset Bank of
South State in Winter Haven, Fla., has reduced the size of its board by nearly a third. The $46.2 billion-asset company
Seacoast Banking Corp. of Florida’s courtship of Apollo Bancshares in Miami began last summer, leading to exclusive negotiations between the
A bank holding company in Washington state wants to open a second bank. Savi Financial in Mount Vernon, Wash., has applied
Republic First Bancorp in Philadelphia has been barred from appointing a new chairman.Judge Paul Diamond of the Eastern District of
Huntington Bancshares in Columbus, Ohio, said that a key executive it gained from its acquisition of TCF Financial is planning
Middlefield Banc Corp. in Middlefield, Ohio, has agreed to buy Liberty Bancshares in Ada, Ohio. The $1.3 billion-asset Middlefield said in
M&T Bank in Buffalo, N.Y., has created a $25 million philanthropic fund tied to its recent acquisition of People's United
Collins Community Credit Union in Cedar Rapids, Iowa, has acquired the digital insurance business of Coverage Direct in Des Moines,
The Federal Deposit Insurance Corp. has eliminated a short-lived appeals process that had the backing of bankers. The Office of Supervisory
IC Federal Credit Union in Fitchburg, Mass., has hired a veteran banker as its chief operating officer.CarrieAnne Cormier announced on
Esther George is set to retire as president and CEO of the Federal Reserve Bank of Kansas City.The Kansas City
Denver Community Credit Union in Colorado has rebranded as Zing Credit Union.The $457 million-asset credit union said in a press
Heartland BanCorp in Whitehall, Ohio, has added the state’s lieutenant governor to its board. The company said in a press release
The president and CEO of Northwest Bancshares in Columbus, Ohio, has died. The $14.4 billion-asset company said in a press release
Farmers and Merchants Bancshares in Hampstead, Md., has found a successor for its retiring CEO.The $718 million-asset company said in
Organizers of Integro Bank in Phoenix have cleared another major hurdle. The group said in a press release that it has
The nation’s biggest banking associations are opposed to the creation of a U.S. Central Bank Digital Currency (CBDC). The Federal Reserve
South State in Winter Haven, Fla., is planning to close 30 branches. The $46 billion-asset company disclosed in a regulatory filing
JPMorgan Chase has hired a former PayPal executive to serve as its head of fintech partnerships for its commercial bank. The
The Federal Deposit Insurance Corp. is paying closer attention to banks’ balance sheets after rising interest rates led to higher
Sultan Meghji, who stepped down as chief innovation officer at the Federal Deposit Insurance Corp. earlier this year, has a
HomeTrust Bancshares in Asheville, N.C., is set to have a new CEO. The $3.5 billion-asset company said in a press release
Brookline Bancorp in Boston has agreed to buy PCSB Financial in Yorktown Heights, N.Y. The $8.6 billion-asset Brookline said in a
Cambridge Bancorp in Massachusetts has agreed to buy Northmark Bank in North Andover, Mass.The $5 billion-asset Cambridge said in a
Ohio Valley Banc Corp. in Gallipolis has a new CEO. The parent of the $1.2 billion-asset Ohio Valley Bank said in
Moultrie Bank & Trust, a recently approved de novo bank, has opened. The bank opened on May 9, the Federal Deposit
FirstBanc of Alabama in Talladega has agreed to buy two branches from Southern States Bancshares in Anniston, Ala. The
Organizers of the proposed Walden Mutual Bank have received conditional approval from the New Hampshire Banking Department. Walden Mutual, which is
Friendly Hills Bancorp in Whittier, Calif., has created a specialty lending group focused on financing commercial trucks and vehicles. The parent
Cape Cod Five Cents Savings Bank in Hyannis, Mass., has new leadership. The $4.6 billion-asset bank said last week that Matt
First Northern Community Bancorp in Dixon, Calif., is preparing for its next leader. The $1.9 billion-asset company said in a press release
Ames National in Iowa has a new chairman. The parent of the $1.1 billion-asset First National Bank said in a press
Truist Financial in Charlotte, N.C., is looking for its next chief financial officer. The $544 billion-asset company said in a press
Coastal Financial in Everett, Wash., has a new president. The $2.8 billion-asset company said in a press release Wednesday that it
Agility Bank, a proposed women-owned de novo bank with a digital focus, is set to open next week.Organizers of the
Vernon Hill has filed a lawsuit against Republic First Bancorp in Philadelphia – where he is the CEO.Hill’s lawsuit, filed
BayFirst Financial in St. Petersburg, Fla., has closed three mortgage offices after shutting down its primary consumer direct mortgage business. The
Organizers of the proposed Integro Bank in Phoenix have received conditional approval from the State of Arizona Department of Insurance
The Federal Reserve and the Office of the Comptroller of the Currency will hold public hearings on BMO Financial’s planned
John Ryan, president and CEO of the Conference of State Bank Supervisors, has died. The organization, which represents state banking regulators,
CBTX and Allegiance Bancshares in Houston will rebrand as Stellar Bancorp following their merger. The $4.5 billion-asset CBTX and the $7.2
Farmers National Banc Corp. in Canfield, Ohio, was one of two banks to make an offer for Emclaire Financial in
RBB Bancorp in Los Angeles, which replaced its CEO after a probe found violations of company policies, is facing criticism
U.S. Bancorp in Minneapolis has confirmed that it will not complete its planned purchase of MUFG Union Bank along the
In a sudden and unexpected turn of events, Vernon Hill has been removed as chairman of Republic First Bancorp. Hill was
First Bancshares in Cold Spring, Minn., has agreed to buy Maple Bank in Champlin, Minn.First Bancshares, the parent of the
Bank OZK in Little Rock, Ark., has finished construction of a 4.8-megawatt solar power plant in Stuttgart, Ark. The $26.6 billion-asset
White River Bancshares in Fayetteville, Ark., is launching a bilingual bank brand. The parent of the $852 million-asset parent Signature Bank
ServisFirst Bancshares in Birmingham, Ala., has hired two key executives for its operations in North Carolina. The $15 billion-asset company said
A group in Traverse City, Mich., is looking to form a de novo bank. Organizers of the proposed Sovereign Bank
DFCU Financial in Dearborn, Mich., is the latest credit union to agree to buy a bank.The $6.4 billion-asset credit union
FB Financial in Nashville, Tenn. is shutting down its direct-to-consumer mortgage business. The $12.7 billion-asset company said in a regulatory filing
Bank of Idaho in Idaho Falls has agreed to buy five branches in eastern Washington from HomeStreet in Seattle. The $737
A group in California is looking to form a bank with a strategy that would include buying indirect auto loans. Carpenter
KeyCorp has acquired a fintech that helps borrowers manage their student loans. The $181.2 billion-asset company said in a press release
U.S. Bancorp in Minneapolis, which is looking to buy MUFG Union Bank, has agreed to a five-year community benefits plan
Heartland Financial USA in Dubuque, Iowa, has amended its first-quarter earnings to account for two separate instances of fraud that
Ponce Financial Group in Bronx, N.Y., warned that its first-quarter earnings will be hurt by a “significant write-off and writedown”
State Street in Boston has a new president and vice chairman. The $322 billion-asset company said in a Monday press release that
National Bank of Coxsackie in New York has formed a new small business lending platform. The $467 million-asset bank said in
Citizens Bank of Edmond in Oklahoma has launched a mortgage platform that focuses on VA financing.Jill Castilla, the $370 million-asset
CUNA Mutual Group plans to rebrand as TruStage in 2023. The company, which already sells TruStage insurance products to credit unions
An investment group that focuses on fintech and blockchain companies has hired the former chief financial officer of Bryn Mawr
An activist investor has filed a lawsuit against Republic First Bancorp in an effort to force the Philadelphia company to
The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency have issued a series
Hanover Bancorp in Mineola, N.Y., plans to raise up to $36.1 million from its initial public offering. The $1.5 billion-asset company
U.S. Bancorp in Minneapolis expressed doubt that it can complete its acquisition of MUFG Union Bank along the timeline it
ConnectOne Bancorp in Englewood Cliffs, N.J., is working with Nymbus on a suite of digital business banking products. The $8 billion-asset
Seacoast Banking Corp. of Florida in Stuart has agreed to buy Drummond Banking Co. in Chiefland, Fla.The $10.9 billion-asset Seacoast
Bank of America in Charlotte, N.C., will pay a $10 million fine to the Consumer Financial Protection Bureau to address
Sunnyside Bancorp in Irvington, N.Y., is close to being sold. The $94.4 million-asset company said in a press release Tuesday that
United Community Banks in Blairsville, Ga., has agreed to buy Progress Financial in Huntsville, Ala. The $24.4 billion-asset United said in
The Consumer Bankers Association has found a successor for the retiring Richard Hunt.The association said in a press release Tuesday
A judge has urged Bremer Financial and the trust that owns it to resolve longstanding legal differences and find a
Truist Financial in Charlotte, N.C., has acquired Long Game, a gamified finance mobile app. The $544 billion-asset Truist did not disclose
Lewis Critelli, who is retiring as president and CEO of Norwood Financial, will become the Honesdale, Pa., company’s chairman. The $2.1
Midland States Bancorp in Effingham, Ill., is working with LendingPoint to fund consumer loans using the AI-driven fintech's national network
Origin Bancorp in Ruston, La., has added the CEO of a community development financial institution to its board. The $8.1 billion-asset
A Chicago company that provides AI solutions for lenders has resubmitted an application for deposit insurance for a proposed de
California BanCorp in Oakland, Calif., has a new president. The $1.9 billion-asset company said in a press release Monday that Thomas
A group of shareholders has urged Republic First Bancorp in Philadelphia to hold a special meeting.George Norcross III, Gregory Braca,
Sterling Bancorp in Southfield, Mich., has started having discussions with federal agencies to resolve longstanding issues tied to its Advantage
First Century Bancorp in Roswell, Ga., has terminated its merger agreement with First Internet Bancorp in Fishers, Ind. The $4.2 billion-asset
Peoples Bank of Alabama in Cullman has a new CEO. The $1.2 billion-asset bank tweetedon Friday that Robin Cummings had retired. Peoples
Provident Bancorp in Amesbury, Mass., is the latest bank to report traction in its Banking-as-a-Service (BaaS) platform. The $1.8 billion-asset
Codorus Valley Bancorp in York, Pa., which recently reached a truce with an activist investor, disclosed a series of moves
Meta Financial in Sioux Falls, S.D., stands to profit from selling it name to a group affiliated with Facebook. The $6.9
Blue Ridge Bankshares in Charlottesville, Va., has sold a payroll business. The $2.7 billion-asset company said in a press release
Primis Financial in McLean, Va., has agreed to buy a mortgage lender.The $2.4 billion-asset company said in a press release
Quaint Oak Bancorp in Southampton, Pa., disclosed that it bought a majority stake in an equipment finance company. The $568 million-asset
South State in Winter Haven, Fla., is the latest regional bank to do away with nonsufficient funds fees. The $46 billion-asset
BayFirst Financial in St. Petersburg, Fla., has laid off more than 60 mortgage employees and added a national Small Business
Bank on Women has formed a partnership with the Nasdaq to give exchange-listed community banks access to more board recruiting
First Independence Bank, a black-owned bank in Detroit, has expanded into Minneapolis. The $412 million-asset bank officially debuted the office this
Finward Bancorp in Munster, Ind., has promoted an insider to become its chief revenue officer. The $2 billion-asset company said in
CoVantage Credit Union in Antigo, Wis., has agreed to buy LincolnWay Community Bank in New Lenox, Ill. The $2.7 billion-asset CoVantage
Univest Financial in Souderton, Pa., has entered two new markets and is improving its digital banking platform.The $7.1 billion-asset company
Coastal Financial in Everett, Wash., is gaining momentum with its Banking-as-a-Service platform.The $2.8 billion-asset company said total loans in its
B.S.D. Capital in Los Angeles has received a license to participate in the Small Business Administration’s 7(a) program. The company, which
Finward Bancorp in Munster, Ind., is evaluating the size of its branch network.The $2 billion-asset company said in a press
New York Community Bancorp in Hicksville and Flagstar, Mich., have extended their merger agreement to Oct. 31. The $47 billion-asset New
First Bancshares in Hattiesburg, Miss., has agreed to buy Beach Bancorp in Fort Walton Beach, Fla. The $6.1 billion-asset First said
National Capital Bank of Washington in Washington, D.C., has a new president. The $735 million-asset unit of National Capital Bancorp said
Western Alliance Bancorp. in Phoenix has formed an entertainment and media group. The $50 billion-asset company said on its websitethat
Orrstown Financial in Shippensburg, Pa., plans to introduce a new treasury management application later this year. The effort is one of
Blue Ridge Bankshares in Charlottesville, Va., has a new bank president.The $2.7 billion-asset company said in a press release Wednesday
Security Federal in Aiken, S.C., said it is eligible to receive nearly $83 million of capital from the Treasury Department’s
Prudential Bancorp in Philadelphia had to negotiate settlement of a legal issue as it finalized an agreement to be sold
Colony Bankcorp in Fitzgerald, Ga., announced an efficiency initiative designed to lower annual expenses by $3 million starting in the
Amerant Bancorp in Coral Gables, Fla., has sold $57.3 million of loans in New York City.The $7.8 billion-asset company said
Fidelity Bank in Scranton, Pa., is moving its corporate headquarters. The $1.8 billion-asset bank said in a press release Thursday that
Triumph Bancorp in Dallas has designated 15 branches in rural markets, along with some factored receivables, for eventual sale. The $6.1
Central Pacific Financial in Honolulu said its first Banking-as-a-Service client is on pace to launch its first product this summer. The
Triumph Bancorp in Dallas tapped a new president for its bank as part of a broader management restructuring. The $6 billion-asset
Another state has intervened to impede a credit union’s pending purchase of a bank. The Minnesota Department of Commerce has rejected
Pathfinder Bancorp in Oswego, N.Y., has made an abrupt change in leadership. The $1.3 billion-asset company said in a press release
MainStreet Bankshares in Fairfax, Va., is in the process of bringing on its first Banking-as-a-Service customer. The $1.8 billion-asset company
Pinnacle Financial Partners in Nashville, Tenn., has fully acquired an commercial equipment leasing company.The $39.4 billion-asset company said in a
National Bank Holdings in Denver has agreed to buy Community Bancorp. in Provo, Utah.The $7.3 billion-asset National Bank said in
Piermont Bank in New York has created a two-year program to train employees to become commercial real estate or fintech
United Cumberland Bank in Whitley City, Ky., has a new CEO.The $379 million-asset bank said that Michael Laxton had also
Jim Herbert has made his first big decision since announcing plans to retire as CEO of First Republic Bank in
First Volunteer Bank in Chattanooga, Tenn., plans to rebrand as Builtwell Bank. The $1.4 billion-asset unit of First Volunteer Corp. will
Main Street Financial Services in Wheeling, W.Va., has a new chairman. The $607 million-asset company announced at its annual meeting
Bank of Princeton in New Jersey is looking to form a holding company. The $1.7 billion-asset bank is asking shareholders to
Thirteen minority depository institutions will soon pilot a program designed to boost the financial wellness of minority communities. The pilot –
Origin Bancorp in Ruston, La., first approached BT Holdings in Quitman, Texas, about an acquisition two years before they agreed
U.S. Bancorp in Minneapolis highlighted partnerships with Microsoft, Morningstar and a fintech firm as part of its quarterly results. The $587
A group in Austin, Texas, has formed an association to advocate for financial institutions that offer Banking-as-a-Service (BaaS) products. Bankers Helping
A pair of community banks is facing proxy challenges from activist investors. Middlefield Banc Corp. in Beachwood, Ohio, is dealing with
Hovde Group has hired a former banker to bolster its coverage of the financial services sector. Brian Urness said in a
Codorus Valley Bancorp in York, Pa., which has faced pressure from an activist investor, will appoint three independent directors and
Circle Internet Financial in Boston is raising $400 million from a group of investors that includes BlackRock, Fidelity Management and
Fifth Third Bancorp in Cincinnati will soon have a new leader. The $211 billion-asset company said in a press release Tuesday
Quontic Bank in New York has unveiled a payment ring that will allow consumers to tap-to-pay at the point of
VyStar Credit Union in Jacksonville, Fla., which is still waiting on regulatory approval to buy a bank, has signed an
Alan Thian has resigned as president and CEO of RBB Bancorp after an internal investigation conducted by a special committee
Organizers of the proposed Walden Mutual Bank in Concord, N.H., have made their first loans, using seed capital raised as
Piedmont Federal Savings Bank in Winston-Salem, N.C., is seeking flexibility by forming a mutual holding company. The $1 billion-asset bank recently
Three members of the Fannie Mae board, including former Federal Deposit Insurance Corp. Chairman Sheila Bair, are resigning. Bair, Antony Jenkins
A pair of banks is testing new markets after hiring bankers. BankUnited in Miami Lakes, Fla., said in a press release
Gouverneur Bancorp in Gouverneur, N.Y., is looking to form a municipal bank in conjunction with its pending acquisition of a
Robert Sarver is retiring as chairman of Western Alliance Bancorp. in Phoenix. The $50 billion-asset company said in a press release
A former banker has been hired to lead the Hawaii Credit Union League. The association said in a press release that
The Federal Deposit Insurance Corp. has joined a growing list of federal agencies weighing in on financial institutions’ cryptocurrency activities. The
Bolt, a payments provider based in San Francisco, has agreed to buy Wyre, a cryptocurrency infrastructure provider. Bolt said in a
Bank of Marin Bancorp in Novato, Calif., will soon have a new chairman. The $4.3 billion-asset company said in a press
Unifimoney, a fintech that is building a wealth management platform for small banks and credit unions, has raised $10 million
Republic First Bancorp received a notice that its shares could be delisted from the Nasdaq after the Philadelphia company said
Grasshopper Bank, a de novo in New York, is working with a fintech to improve its fraud detection capabilities. FiVerity said
Comunibanc in Napoleon, Ohio, began to seriously explore selling itself after receiving an unsolicited offer last summer from an unnamed
Fast, a fintech that included Stripe among its financial backers, is closing. The startup, founded in 2020, allowed users to check
Alton Bancshares in Alton, Mo., has agreed to buy Table Rock Community Bank in Kimberling City, Mo.Alton, the parent of
Zions Bancorp. in Salt Lake City created a new expense line item to break out costs tied to technology, telecom
Piedmont Federal Savings Bank in Winston-Salem, N.C., is looking to form a holding company. The $1 billion-asset bank filed applications with
Southern First Bancshares in Greenville, S.C., said its bank recently received a “needs to improve” rating from the Federal Deposit
Republic First Bancorp in Philadelphia is planning to delay its 2022 annual meeting while it conducts an investigation into certain
USCB Financial Holdings in Miami has added a high-profile banking consultant to its board. The $1.9 billion-asset parent if U.S. Century
Benchmark Bankshares in Kenbridge, Va., has agreed to buy a branch in Emporia, Va., from First Community Bankshares in Bluefield,
Ponce Financial Group in Bronx, N.Y., has hired a former regulator as its chief operating officer.The $1.7 billion-asset company said
Patience is becoming a virtue with VyStar Credit Union’s still-pending purchase of Heritage Southeast Bank in Jonesboro, Ga. The $11.7 billion-asset
BankGuam Holding in Hagatna said its chairman has retired as an employee of the company.The $2.8 billion-asset company disclosed in
National Bank Holdings in Denver has agreed to buy Bancshares of Jackson Hole in Jackson Hole, Wyo.The $7.2 billion-asset National
Sterling Bancorp in Southfield, Mich., significantly increased its fourth-quarter earnings after revising the fair value of a commercial real estate
Citizens Bank of Edmond in Oklahoma has been designated a women-owned depository institution by the Federal Reserve. Jill Castilla, the $370
CRB Group in Fort Lee, N.J., has raised $620 million in new capital.The parent of the $9.1 billion-asset Cross River
The Federal Deposit Insurance Corp. is seeking public comments after releasing proposed steps big banks should consider to manage exposure to
Nicolet Bankshares in Green Bay, Wis., has agreed to buy Charter Bankshares in Eue Claire, Wis. The $7.7 billion-asset Nicolet said
Seacoast Banking Corp. of Florida in Stuart will enter Miami through its pending purchase of Apollo Bancshares in Miami. The $9.7
MetaBank in Sioux Falls, S.D., will rebrand as Pathward. The $7.6 billion-asset bank said in a press release Tuesday that the
Rita Lowman, former president of Pilot Bank, has joined the board of a Venice, Fla., wealth manager.Caldwell Trust Co. said
First Carolina Financial Services in Rocky Mount, N.C., has raised $115 million through a private placement of common stock. The $1.5
MNB Financial Services in McCook, Neb., has agreed to buy Doniphan Bancshares in Doniphan, Neb.The $418 million-asset MNB said in
Norwood Financial in Honesdale, Pa., will soon have a new CEO. The $2.1 billion-asset company said in a press release Monday
Hometown Financial Group in Easthampton, Mass., has agreed to buy Randolph Bancorp in Quincy, Mass. The $3.6 billion-asset Hometown said in
Berkshire Hills Bancorp in Boston is building a new consumer and small business mobile app and an online banking site
Bison State Bank in Bison, Kan., has a new CEO. Mark Emley also agreed to become the $18.6 million-asset bank’s CEO.
Patience paid off for Bank First in Manitowoc, Wis. The $2.9 billion-asset company made an initial overture to buy Denmark Bancshares
Citizens Financial Group in Providence, R.I., has created an overdraft-free checking account designed to help underbanked and underserved communities. The $188
Mississippi just passed a law that should severely restrict credit unions' abilities to buy banks in the state.The state is
The Federal Deposit Insurance Corp. is moving forward on a request for comments tied to laws and regulations for bank
Northrim BanCorp in Anchorage, Alaska, has a new bank president. The $2.7 billion-asset company said in a press release Friday that
Thompson Kane & Co., a mortgage lender in Madison, Wis., has agreed to buy Benton State Bank in Wisconsin. The mortgage
Hancock Whitney in Gulfport, Miss., will do away with consumer nonsufficient funds fees, along with certain overdraft, fees by the
Generations Bancorp NY in Seneca Falls is selling its insurance agency’s book of business. The $379 million-asset company disclosed in a
Farmers National Banc Corp. in Canfield, Ohio, has agreed to buy Emclaire Financial in Emlenton, Pa.The $4.1 billion-asset Farmers said
Mississippi has joined the ranks of states intervening to stop credit unions from buying banks. Gov. Tate Reeves signed into law
Ameris Bancorp in Atlanta is the latest midsize bank to announce plans to reduce and eliminate certain overdraft fees.The $23
Burke & Herbert Bank in Alexandria, Va., plans to expand into the Richmond, Va., market. The $3.6 billion-asset bank – the
Alliance Data Systems in Columbus, Ohio, has rebranded as Bread Financial Holdings, taking on the name of the Buy Now
The Federal Reserve has approved another large bank merger announced last year. The Fed said in a press release Tuesday that
Community Bancorp in Chanute, Kan., has agreed to buy Quarry City Savings and Loan Association in Warrensburg, Mo. The parent of
Several bank mergers have been disclosed by the Federal Reserve. The Fed listed the pending transactions in a pair of public
Loyola University Maryland has hired a former bank CEO as the next dean of is business school. The university said in
A proposed bank in Colorado has a business plan that involves dealing in precious metals. Organizers of the proposed Battle Bank
EntreBank has opened in Bloomington, Minn., just seven months after filing its application with the Federal Deposit Insurance Corp.The de
Everett Co-operative Bank in Massachusetts is planning to convert from a mutual to a stock-owned company. The $733 million-asset mutual
Amalgamated Financial in New York said Amalgamated Bank of Chicago could pursue compensatory damager after their proposed merger fell through. The
Liberty Bank in Middletown, Conn., created a checking account that replaces overdraft fees with a monthly maintenance fee. The $7.4 billion-asset
Bank of New York Mellon in New York said it expects to take a notable revenue hit in the first
USAA Federal Savings Bank in San Antonio has been ordered to pay a total of $140 million to the Financial
A group with ties to EverBank are looking to form a de novo in Colorado.The group behind Battle Bank in
The president of MainStreet Bancshares in Fairfax, Va., is retiring.The $1.7 billion-asset company said in a press release Friday that
Trustmark in Jackson, Miss., has agreed to sell its corporate trust business to Peoples Financial in Biloxi, Miss. The $17.6 billion-asset
Huntington Bancshares in Columbus, Ohio, has hired a former Truist Financial executive to oversee its consumer and business banking operations. The
JPMorgan Chase in New York has agreed to buy Global Shares, an Irish company that provides cloud-based share plan management
OceanFirst Financial in Red Bank, N.J., has hired the former chief financial officer at First Midwest Bancorp to fill the
IncredibleBank in Wausau, Wis., is making a push into Florida. The $1.8 billion-asset bank is planning to enter the Sunshine
Eagle Bancorp Montana in Helena is promoting an insider to become its next CEO. The $1.4 billion-asset company said in a
E. Phillip Wenger plans to retire as chairman and CEO of Fulton Financial in Lancaster, Pa. The $26 billion-asset Fulton said
Heartland Financial USA has removed Lynn Fuller as chairman after the Dubuque, Iowa, company’s retired CEO openly questioned its strategic
Monona Bank and State Bank of Cross Plains are planning to merge. The Wisconsin banks said in a press release Tuesday
Trustmark in Jackson, Miss., has joined a growing list of banks that are eliminating nonsufficient funds fees. The $17.6 billion-asset company
Organizers of a proposed de novo bank in Phoenix have hired an investment bank to assist it with raising capital. Integro
Van Wert Federal Savings Bank in Van Wert, Ohio, which is planning to convert to a stock-owned company, disclosed that
Southern Missouri Bancorp in Poplar Bluff has promoted its chief financial officer to serve as president and CEO of its
MVB Financial in Fairmont, W.Va., plans to buy a minority stake in a mortgage company. The $2.8 billion-asset company said in
Amerant Bancorp in Coral Gables, Fla., is consolidating the roles of chairman and CEO. The $7.6 billion-asset Amerant said in a
First Republic Bank in San Francisco has a new permanent CEO. The $173 billion-asset bank said in a press release Monday
An investor group looking to oust Republic First Bancorp CEO Vernon Hill has offered to buy a majority stake in
VyStar Credit Union in Jacksonville, Fla., and Heritage Southeast Bank in Jonesboro, Ga., have agreed to extend the deadline for
Horizon Bancorp in Lake Havasu City, Ariz., has agreed to sell its bank to Arizona Federal Credit Union in Phoenix.The
Major League Soccer will borrow $25 million from a group of Black-owned banks. The league said in a press release Thursday
BOK Financial in Tulsa, Okla., has recorded $50 million of pretax losses to reduce the carrying value of certain trading
Three more banks have joined a group dedicated to blockchain initiatives. Amerant Bancorp in Coral Gables, Fla.; ConnectOne Bancorp in Englewood
Bank of New York Mellon will have a new CEO this summer.The $444 billion-asset company said in a press release
A loan dispute is seemingly at the root of a director’s abrupt resignation at BayFirst Financial in St. Petersburg, Fla. The
Lynn Fuller, who made a number of acquisitions as CEO of Heartland Financial USA, now wants the Dubuque, Iowa, company
Lake Shore Bancorp in Dunkirk, N.Y., disclosed that someone gained unauthorized access to data in its internal systems. The $714 million-asset
First Republic Bank in San Francisco expects its founder to return from medical leave next month. The $173 billion-asset bank disclosed
OceanFirst Financial in Red Bank, N.J., is the latest bank to delay the closing date of a planned acquisition. Partners Bancorp
Banc of California in Santa Ana is set to receive a large payment that partially addressed a chargeoff it recorded
Texas National Bank in Sweetwater is planning to introduce a digital bank for bankers. The $170 million-asset bank plans to pilot
The Federal Reserve has approved M&T Bank’s pending purchase of People’s United Financial in Bridgeport, Conn. – nearly 380 days
A group is looking to form an industrial loan company in Nevada.Capital Card Services, a credit card portfolio manager in
Republic First Bancorp in Philadelphia, which is facing pressure from two shareholder groups, will not renew an employment agreement with
Mid Penn Bancorp in Harrisburg, Pa., has hired the chief financial officer at Spirit of Texas Bancshares to serve as
A new report from Janney Montgomery Scott shows that it is taking much longer for big bank acquisitions to make
Barksdale Federal Credit Union in Bossier City, La., has agreed to buy Home Bank of Arkansas in Portland. The $2 billion-asset
Summit Credit Union in Madison, Wis., has agreed to buy Commerce State Bank in West Bend, Wis.The $4.8 billion-asset Summit
Veritex Holdings in Dallas has agreed to buy StoneCastle Cash Insured Sweep, also known as interLINK.The $9.8 billion-asset Veritex said
Fulton Financial in Lancaster, Pa., has finally returned to bank acquisitions, agreeing to buy Prudential Bancorp in Philadelphia. The $26 billion-asset
An internal investigation involving the longtime CEO of RBB Bancorp – and his leave of absence while the probe is
Zip, an Australian provider of Buy Now Pay Later services, has agreed to buy Minneapolis rival Sezzle.Zip said in a
Huntington Bancshares in Columbus, Ohio, has agreed to buy investment bank Capstone Partners.The $174 billion-asset Huntington said in a press
DMG Bancshares in Irvine, Calif., has agreed to buy Liberty Bancorp in South San Francisco, Calif. The $207 million-asset DMG said
The Spokane Teachers Credit Union has agreed to acquire four branches in Washington from Banner Bank in Walla Walla, Wash. The
United Bankshares in Charleston, W.Va., will have a new CEO next month. The $29.3 billion-asset company said in a press release
Robins Financial Credit Union in Warner Robins, Ga., has agreed to buy Persons Banking in Forsyth, Ga.The $3.9 billion-asset Robins
TD Bank Group in Toronto has agreed to buy First Horizon in Memphis, Tenn.The $525 billion-asset TD said in a
Amalgamated Financial in New York has called off its planned purchase of Amalgamated Bank of Chicago.The $6.9 billion-asset Amalgamated Financial
Lynn Fuller, a former CEO of Heartland Financial USA, is retiring as the Dubuque, Iowa, company’s executive operating chairman. The $19.3
Hanover Bancorp in Mineola, N.Y., is setting the stage for an initial public offering. The $1.5 billion-asset company filed a shelf
Cadence Bank in Houston has committed $20.7 billion to low- and moderate-income communities as part of the five-year community benefits
The mutual holding company of East Cambridge Savings Bank in Massachusetts has agreed to buy Patriot Community Bank in Woburn,
Popular Inc. in San Juan, Puerto Rico, has agreed to buy its customer experience and key client-facing applications from Evertec.The
Professional Holding in Coral Gables, Fla., has made an abrupt change in leadership.The $2.7 billion-asset company said in a press
Origin Bancorp in Ruston, La., has agreed to buy BT Holdings in Quitman, Texas. The $7.9 billion-asset Origin said in a
Texas Capital Bancshares in Dallas has expanded its commercial lending certificate program for historically black colleges and universities to include
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