INSIGHTS INTO THE BANKING INDUSTRY
Fulton Financial in Lancaster, Pa., has created a capital markets business. The $32.1 billion-asset company said it created the operation after naming Christopher Bigos as head of capital markets. Bigos previously served as a senior vice president of commercial real estate at Fulton. “As our clients continue to grow, we want to be there to provide the solutions they need,” John Glover, the bank's head of commercial banking, said in
First Bancorp in Southern Pines, N.C., has a new bank CEO. The company said in a press release that G. Adam Currie took over the post from Michael Mayer. Currie will remain the bank's president. “This transition is the culmination of a succession plan that has been in place for many years,” Richard Moore, the company's chairman and CEO, said in the release. Currie “has demonstrated his astute knowledge of
CB Financial Services in Carmichaels, Pa., laid off seven employees and announced the resignation of its chief financial officer. The $1.5 billion-asset company said in a regulatory filing that the layoffs account for about 5% of its staff. The company also entered into a severage agreement with Jamie Prah that includes $558,000 in severance. Including that payout, CB Financial said it should incur about $1 million in pretax charges tied
Northpointe Bancshares in Grand Rapids, Mich., is planning an initial public offering. The $5.4 billion-asset company, in its registration statement, did not disclose how many shares it plans to sell or how much it expects to raise. Northpointe said that some of the offering's proceeds would be used to increase its on-balance sheet hold of mortgage purchase program loans. The company said it has funded more than $20 billion in
Intercity State Bank in Schofield, Wis., will be absorbed by One Community Bank in Oregon, Wis. The $266 million-asset Intercity and the $2.2 billion-asset One Community are owned by the Bosshard family. The merger is expected to close later this year. Randy Balk, Intercity's president and CEO, will retire on Feb. 28. Chris Pfender, the bank's executive vice president, will become a regional president on March 1. “It has been
Nebraska's Department of Banking and Finance has given conditional approval for Telcoin Bank to open a digital asset bank. The proposed Norfolk, Neb., company said in a press release that it plans to offer fully regulated, bank-issued “Digital Cash” stablecoins, in addition to blockchain banking products and services. Telcoin Bank expects to open early this year by releasing the proposed stablecoin, eUSD. “This approval marks a major milestone for Telcoin
Finovifi in Birmingham, Ala., has acquired Modern Banking Systems in Omaha, Neb. Finovifi, which did not disclose how much it paid for the core processing company, said in a press release that it plans to integrate many of its products, including FraudSentry, FraudXchange, SilverSafe, and ComplyPilot, with the MBS platform. “This acquisition represents a unique opportunity to bridge the gap in the market for technology-led, market-relevant solutions that help banks
OMB Bank in Springfield, Mo., has created an embedded finance division. The $1.4 billion-asset bank said that OMBX will offer banking solutions to fintechs and other digital companies. The platform will include compliance support, fraud prevention, payment processing, and analytics tools. “Embedded finance is revolutionizing the way businesses and consumers interact with banking services," Steve Bishop, the bank's chief innovation officer and the division's president, said in the release. "With
Town and Country Financial in Springfield, Ill., initially tried to sell itself to HBT Financial in Bloomington, Ill., more than
A group that includes the former CEO of Amalgamated Bank in New York wants to open a new bank in
The Federal Reserve and the Office of the Comptroller of the Currency have approved U.S. Bancorp's pending purchase of MUFG
Business First Bancshares in Baton Rouge, La., plans to raise about $46.8 million from selling common stock. The $5.5 billion-asset
First Bancshares in Hattiesburg, Miss., took advantage of a second window to buy Heritage Southeast Bancorp. in Jonesboro, Ga. The
HomeStreet in Seattle has agreed to buy three branches in California from U.S. Bancorp and MUFG Union Bank. U.S. Bancorp
Intrafi, a fintech that provides cash and liquidity management services to financial institutions, has added the CEO of the nation’s
Edward Jones in St. Louis has abandoned a two-year quest to form an industrial bank. The company said in a
Another executive from People’s United Financial has found a new home following the company’s sale to M&T Bank. Columbia Financial
Battle Financial, the holding company for a proposed digital bank in Avon, Colo., has received conditional approval from the Office
Capital Bank in Rockville, Md., has tapped an insider to run its fintech business. The $2.2 billion-asset bank said in
Four investment advisers have left Atlantic Union Bankshares in Richmond, Va., to form their own firm. Dover Advisors was launched
State Street in Boston has hired a former Google executive to serve as its global chief compliance officer. The $300
Bank of New York Mellon has formed a platform to manage digital assets. The $438 billion-asset company said in a
David Zalman is back in the M&A game with two acquisitions. Prosperity Bancshares in Houston has agreed to buy Lone
Affinity Bancshares in Covington, Ga., will consolidate two roles following the expected resignation of its president. The $767 million-asset company
Sterling Bancorp in Southfield, Mich., has filed a lawsuit against its founder and controlling shareholder. The $2.5 billion-asset company disclosed
Rhinebeck Bank in Rhinebeck, N.Y., agreed to pay a $950,000 fine to address claims by the New York State Department
Bank of America in Charlotte, N.C., agreed to pay about $1.8 billion to resolve claims that go back to the
Bankers Helping Bankers, a program associated with the Independent Bankers Association of Texas, has created a platform to let participants
Home Federal Bancorp in Shreveport, La., has agreed to buy Northwest Bancshares in Benton, La. The $590.5 million-asset Home said
Republic First Bancorp in Philadelphia has reached a truce with a large shareholder. The $5.7 billion-asset company said in a
Q2 Holdings in Austin, Texas, has acquired Sensibill in Toronto, Canada. Q2 said in a press release that it bought
Community Heritage Financial in Middletown, Md., was the target of a cybersecurity attack. The parent of the $873 million-asset Middletown
Capital One Financial in McLean, Va., has merged its two banks into a single subsidiary. The $435.3 billion-asset company disclosed
Customers Bancorp in West Reading, Pa., has sold a $500 million portfolio of unsecured consumer installment loans. The $20.3 billion-asset
Taichung Commercial Bank in Taipei, Taiwan, plans to enter the U.S. with the acquisition of American Continental Bancorp in City
A pair of key roles have changed at 1895 Bancorp of Wisconsin in Greenfield. The $536 million-asset 1895 Bancorp said
Evolve Bank & Trust in Memphis, Tenn., will pay about $1.3 million to settle claims that it engaged in lending
M&T Bank in Buffalo, N.Y., has agreed to sell its insurance agency to Arthur J. Gallagher. The $204 billion-asset bank
Bank Five Nine in Oconomowoc, Wis., will soon have a new CEO. The $1.5 billion-asset bank said in a LinkedIn
Six large U.S. banks will participate in a Federal Reserve pilot program designed to examine banks’ climate-related financial risks. The
Brookline Bancorp in Boston will soon have a new bank CEO. The $8.5 billion-asset company said in a press release
M&T Bank said it is taking steps to compensate customers who were stung by the Buffalo, N.Y., bank’s conversion of
First Bank in Hamilton, N.J., has expanded its commercial lending operations to serve private equity funds and their portfolio companies.
Seven trade groups have filed a lawsuit against the Consumer Financial Protection Bureau alleging the agency exceeded its statutory authority
Orrstown Financial Services in Shippensburg, Pa., plans to close five branches and adjust its staffing model. The $2.8 billion-asset company
Sterling Bancorp in Southfield, Mich., will pay a $6 million civil money penalty as part of a formal agreement with
A pair of de novo banks opened in September. Texas Traditions Bank in Katy opened on Sept. 6 after organizers
Two proposed de novo banks have received conditional approval from the Federal Deposit Insurance Corp. The FDIC signed off on Community
An investor group has proposed a transaction that would give it a large stake in Republic First Bancorp in Philadelphia.
Lakeland Bancorp in Oak Ridge, N.J., will invest $12 million in underserved markets around Newark, N.J., to settle redlining claims
Regions Financial will pay out $191 million as part of a settlement with the Consumer Financial Protection Bureau tied to
PNC Financial Services Group in Pittsburgh has acquired Linga, a point-of-sale firm that serves the restaurant industry. The $540.8 billion-asset
Seattle Bank has begun offering a personal line of credit through its digital channel. The $752 million-asset bank said in
Nexo, a Swiss cryptocurrency lender, has acquired a stake in Hulett Bancorp in Hulett, Wyo. Nexo did not disclose the
The Independent Community Bankers of America is bringing its fintech incubator in-house with a new office in Atlanta. The ThinkTECH
First State Bank in Loomis, Neb, has agreed to buy Farmers and Merchants Bank in Axtel, Neb. The $191 million-asset
Provident Financial Services in Iselin, N.J., has agreed to buy Lakeland Bancorp in Oak Ridge, N.J. The $13.7 billion-asset Provident
Provident Financial Services in Iselin, N.J., has a new chief information security officer. The $13.7 billion-asset company said in a
Union County Savings Bank in Elizabeth, N.J., has hired a former state banking commissioner as its general counsel. The $1.8
Three community banks recently raised capital through private placements. NexBank Capital in Dallas said in a press release that it
CNB Financial in Clearfield, Pa., has raised $91 million after selling common stock. The $5.3 billion-asset company disclosed in a
BayFirst Financial in St. Petersburg, Fla, is shutting down its nationwide network of mortgage production offices. The $922 million-asset company
Southern Missouri Bancorp in Poplar Bluff has agreed to buy Citizens Bancshares in Kansas City, Mo. The $3.2 billion-asset Southern
Columbia Banking System in Tacoma, Wash., and Umpqua Holdings in Portland, Ore., will sell 10 branches under an agreement with the Department
Citizens Bank of Edmond in Oklahoma is planning to create a bank specifically designed for newly enlisted members of the
Fifth Third Bancorp in Cincinnati has formed a mortgage warehouse finance business. The $207 billion-asset Fifth Third said in a
Live Oak Bancshares in Wilmington, N.C., has added a banking veteran to its board. The $9.1 billion-asset company said in
A large investor in Republic First Bancorp wants the Philadelphia company to avoid selling right now. A group including George
Peapack-Gladstone Financial in Bedminster, N.J., has a new president for its equipment finance unit. The $6.2 billion-asset company said in
First National Bank of Syracuse in Kansas has rebranded as Dream First Bank. The $444 million-asset bank said in a
GreenState Credit Union in North Liberty, Iowa, has cut about 5% of its workforce. The $10.7 billion-asset credit union eliminated
BCB Bancorp in Bayonne, N.J., is facing claims of wrongfully removing a director. The $3.1 billion-asset company disclosed in a regulatory
Capital One Financial in McLean, Va., has been freed from a 2020 consent order from the Office of the Comptroller
U.S. Bancorp in Minneapolis and Japan’s Mitsubishi UFJ Financial Group have pushed back the termination date for U.S. Bancorp’s proposed
Banc of California in Santa Ana has acquired payments platform Global Payroll Gateway. The $9.5 billion-asset Banc of California said in
Unity National Bank of Houston has entered into a written agreement with the Office of the Comptroller of the Currency
The Consumer Financial Protection Bureau Financial said financial institutions that offer Buy Now, Pay Later (BNPL) services should treat them
Agility Bank in Houston exceeded the amount of capital regulators required it to raise. Organizers said in a press release that
DLP Bancshares in St. Augustine, Fla., has acquired Community State Bank in Starke, Fla.DLP, a consortium of private investors, said
Majority, a Miami neobank that is focusing on U.S. immigrants, has raising more capital.The company said in a press release
Allegiance Bancshares and CBTX have received approval from the Federal Reserve three weeks after moving the deadline for the Houston
Republic First Bancorp in Philadelphia has begun a strategic review. The $5.7 billion-asset company said in a press release that the
SVB Financial Group in Santa Clara, Calif., has appointed an investment banker to its board. The $214 billion-asset company said in
The Bancorp in Wilmington, Del., is set to convert to a national bank charter. The $7.1 billion-asset company disclosed in a
First Seacoast Bancorp in Dover, N.H., plans to raise up to $36.3 million from its second-step conversion from a mutual
Another former executive at First NBC Bank has pleaded guilty to charges tied to the New Orleans bank’s April 2017
Citizens Financial Group in Providence, R.I., has agreed to buy College Raptor, an online college planning platform based in Iowa
Colony Bankcorp in Fitzgerald, Ga., is splitting up the roles of president and CEO. The $2.7 billion-asset company said in a
VisionBank of Iowa in Ames has agreed to buy Legacy Bank in Altoona, Iowa. The $595 million-asset VisionBank said in a
JPMorgan Chase in New York has agreed to buy Renovite Technologies in Fremont, Calif. The $3.8 trillion-asset company said in a
U.S. Bancorp in Minneapolis now expects its pending purchase of MUFG Union Bank to close several months later than previously
The Office of the Comptroller of the Currency has named a new chief climate risk officer. The OCC said in a
Neighborhood National Bank in El Cajon, Calif., has been freed from a consent order with the Office of the Comptroller
Protego Trust Bank, a proposed federally chartered trust bank that would serve the digital asset needs of institutional investors, has
Stearns Bank in St. Cloud, Minn., has introduced a small-dollar Small Business Administration loan through one of its lending divisions. The
A group in Encino, Calif., is looking to form a bank that will have a focus on the Syrian American
Firstrust Bank in Conshohocken, Pa., will soon have a new CEO. The $5 billion-asset bank said in a press release Thursday
Texas Brand Bank in Dallas and Harmony Bank in Kemp, Texas, have agreed to merge. The $330 million-asset Texas Brand Bank
StoneCastle Partners has terminated an agreement to sell its digital deposit-gathering business to Veritex Holdings in Dallas. The $11.3
Pinnacle Financial Partners in Nashville, Tenn., is planning to enter Louisville, Ky., after hiring a banker to lead the effort. The
Live Oak Banchares in Wilmington, N.C., plans to invest $25 million and create 204 jobs in North Carolina’s Hanover County
Oakworth Capital Bank in Birmingham, Ala., will enter the Charlotte, N.C., market after hiring a banker from Aquesta Bank. The $1.2
Truist Financial in Charlotte, N.C., has a new chief financial officer. The $545 billion-asset company said in a press release Wednesday
LINKBANCORP in Harrisburg, Pa., plans to raise up to $50 million through an initial public offering.The $1.1 billion-asset company said
SmartFinancial in Knoxville, Tenn., has acquired an insurance agency. The $4.8 billion-asset company said in a press release Tuesday that it
Western Alliance Bancorp. in Phoenix has formed an executive leadership team in conjunction with a series of personnel moves. The $65
State Street in Boston said it remains committed to its proposed purchase of Brown Brothers Harriman’s Investor Services business despite
Cross County Bank in Wynne, Ark., plans to streamline its branding.The $378 million-asset bank plans to use the Cross Bank
First Citizens BancShares in Raleigh, N.C., has formed a unit to offer middle-market banking services.The $108 billion-asset company, which acquired
Liberty Bank in Middletown, Conn., is close to launching a digital bank that will focus on small businesses.The $7.4 billion-asset
Texas Capital Bancshares in Dallas has agreed to sell its insurance premium finance business to Truist Financial in Charlotte, N.C. The
Veteran economist Mark Vitner has retired. Vitner, who was a managing director and senior economist at Wells Fargo, said in a
A group looking to form a bank in Huntsville, Ala., has refiled its application with the Federal Deposit Insurance Corp.
Blue Ridge Bankshares has entered into a written agreement with the Office of the Comptroller of the Currency instructing the
The Office of the Comptroller of the Currency is planning a dramatic reduction in assessment fees.The OCC is planning a
BankFirst Capital in Columbus, Miss., has agreed to buy Mechanics Banc Holding in Water Valley, Miss.The $2.2 billion-asset BankFirst said
Horicon Bank in Horicon, Wis., has a new president with a familiar name. The $1.2 billion-asset bank named Fred C. Schwertfeger
Primis Financial in McLean, Va., has formed a partnership to provide financial services to members of the American Academy of
The BHB BaaS Association has its first chairman.The Austin, Texas, group formed by Bankers Helping Bankers earlier this year to
Associated Banc-Corp. in Green Bay, Wis., plans to close 13 branches in two states. The $37.2 billion-asset company plans to shutter
High Plains Bank in Okeene, Okla., has agreed to buy a branch in Oklahoma from Equity Bancshares in Wichita, Kan. The
Cornerstone Home Lending has received regulatory approval to buy Roscoe State Bank in Roscoe, Texas.The mortgage lender said in a
First Commonwealth Financial in Indiana, Pa., has agreed to buy Centric Financial in Harrisburg, Pa.The $9.6 billion-asset First Commonwealth said
First National Bank of Omaha in Nebraska has formed a business to offer credit card services to fintechs and other
Genesis Bank in Newport Beach, Calif., has created a division to handle 1031 exchanges. The $95.1 million-asset company said in a
A group in Irvine, Calif., has received approval from the Federal Deposit Insurance Corp. to open a bank.The FDIC on
Thumb Bancorp in Pigeon, Mich., has agreed to buy Exchange State Bank in Carsonville, Mich.The $401 million-asset Thumb said in
GrandSouth Bancorp. in Greenville, S.C., considered four bids before deciding to negotiate with First Bancorp in Southern Pines, N.C. The $10.6
WSFS Financial in Wilmington, Del., has formed a health care banking division after hiring a banker from Fulton Financial. The $20.6
Gulf Coast Bank & Trust in New Orleans has acquired an equipment finance business. The $3 billion-asset bank bought the assets
Provident Financial Services in Iselin, N.J., has hired an outsider to serve as its first chief digital and innovation officer. The
First Missouri Bank in Brookfield has a new name. The $377 million-asset bank has rebranded as Verimore Bank in a move
Allegiance Bancshares in Houston and CBTX in Houston have pushed back the termination date of their planned merger. The companies disclosed
The Bank Slate and the American Bankers Association have an agreement where the banking blog will share content with the
Bank of San Antonio in Texas has a new president. The bank, which is part of the $2.1 billion-asset Texas Partners
MVB Financial in Fairmont, W.Va., has a new chairman. The $3 billion-asset company said in a press release Thursday that W.
Raj Date, the former deputy director of the Consumer Financial Protection Bureau, has joined the board of Customers Bancorp in
The Bancorp in Wilmington, Del., agreed to pay a nearly $1.8 million penalty to resolve alleged violations tied to commercial
Sumitomo Mitsui Financial Group in Tokyo plans to introduce a digital bank through its U.S. subsidiary.SMFG said in a press
Sullivan Bank in Sullivan, Mo., will let customers buy, sell and hold bitcoin and Ethereum through a partnership with Bakkt
F&M Bank in Timberville, Va., should have a $3.8 million windfall from the sale of one of its investments.The $1.2
HBT Financial in Bloomington, Ill., has agreed to buy Town and Country Financial in Springfield, Ill.The $4.2 billion-asset HBT said
Umpqua Holdings in Portland, Ore., has opened a commercial real estate lending office in Denver. The $30.1 billion-asset company said in
Highland Bank in St. Paul, Minn., has agreed to buy Boundary Waters Bank in Ely, Minn.The $630 million-asset Highland said
American Challenger Development has filed a lawsuit against Credit Suisse and its Cayman Islands branch for their alleged role in
Truist Financial in Charlotte, N.C., has agreed to buy a data governance platform from Zaloni. The $545 billion-asset Truist said in
Southern First Bancshares in Greenville, S.C., has a new president. The $3.3 billion-asset company said in a press release Monday that
Westpac Banking in Australia and BankSouth in Greensboro, Ga., participated in the latest round of fund-raising for Kasisto, a New
The Independent Community Bankers of America has voiced its opposition to Ford Credit Bank becoming an industrial loan company. Ford Motor
First Bancshares in Hattiesburg, Miss., has consolidated the titles of chairman and CEO. The $6 billion-asset company said in a press
Simmons First National in Pine Bluff, Ark., has hired an executive to oversee the delivery of its Community Reinvestment Act
Another credit union has called off a proposed bank acquisition after hitting a roadblock. The board of the $10.6 billion-asset GreenState
Ponce Financial Group in Bronx, N.Y., has formed an environmental, social and governance (ESG) committee. The $1.7 billion-asset company said the
United Community Banks in Greenville, S.C., has added a former Truist Financial executive to its board.The $24.2 billion-asset company said
Organizers of the proposed Nave Bank in San Juan, Puerto Rico, have tapped a veteran banker to serve as its
TowneBank in Suffolk, Va., has agreed to buy Farmers Bankshares in Windsor, Va.The $16.9 billion-asset TowneBank said in a press
Northwest Bancshares in Columbus, Ohio, has a new CEO.The $14 billion-asset company said in a press release Thursday that Louis
Bank of America in Charlotte, N.C., said its overdraft-service fees in June and July fell by 90% from a year
Live Oak Bancshares in Wilmington, N.C., is set to benefit from the pending sale of Payrailz to Jack Henry &
The organizers of Walden Mutual Bank in Concord, N.H., has exceeded its capital goal. The group said in an email that
BOK Financial in Tulsa, Okla., has named a new CEO for Bank of Texas. The $45 billion-asset company said in a
Republic First Bancorp in Philadelphia is one step closer to getting caught up on its regulatory filings.The $5.7 billion-asset company
Ronald Paul, who abruptly stepped down as chairman and CEO of Eagle Bancorp in Bethesda, Md., in 2019, has been barred
First Horizon in Memphis, Tenn., has sold its title insurance subsidiary. The $43.7 billion-asset company sold Lenders Title Group to Knox-Precision
M&T Bank in Buffalo, N.Y., has hired an executive from Bank of America to become its chief digital officer. The $204
Central Bank of Kansas City in Missouri has spun off its payments and card-issuing platform after the business raised $30
BankTech Ventures in Sandy, Utah, has closed on its first fund after bringing in more than $115 million in capital
Harvesters Credit Union in Cantonment, Fla., has agreed to buy First National Bank Northwest Florida in Panama City. The $239 million-asset
Sterling Bancorp in Southfield, Mich., is continuing to reckon with issues tied to a mortgage program it abruptly shuttered in
MidWestOne Financial Group in Iowa City, Iowa, said its CEO has stepped down temporarily to recover from a serious bicycle
First Seacoast Bancorp in Dover, N.H., will convert to a fully stock-owned company. The $500 million-asset mutual holding company said in
A proposed black-led credit union in North Minneapolis has changed its name. The Association for Black Economic Power has decided to
Clarion Federal Credit Union in Brookville, Pa., has rebranded as Top Tier Federal Credit Union. The $162 million-asset credit union said
Park National in Newark, Ohio, will record $11.4 million of net income in the third quarter after selling a foreclosed
MVB Financial in Fairmont, W.Va., has agreed to buy Integrated Financial Holdings in Raleigh, N.C. The $3 billion-asset MVB
ConnectOne Bancorp in Englewood Cliffs, N.J., has formed a division to focus on health care prospects and clients. The $8.8 billion-asset
BTC Bank in Bethany, Mo., has agreed to buy Merchants and Farmers Bank of Salisbury in Missouri. The $934 million-asset BTC
Meridian Corp. in Malvern, Pa., has entered Florida after hiring a former bank CEO. The $1.9 billion-asset company said in a
Farm Bureau Bank in Reno, Nev., plans to buy small-business loans originated by Funding Circle as part of a new
Pacific West Bank in West Linn, Ore., could soon have a new president. The $300 million-asset bank said in a press
Comerica in Dallas has tapped an insider to oversee its national lending platforms. The $87 billion-asset company said in a press
PNC Financial Services Group in Pittsburgh is the latest large bank to eliminate nonsufficient fund (NSF) fees for consumer clients. The
FS Bancorp in Mountlake Terrace, Wash., has partnered with a fintech to create a loan application portal for home improvement
The pending purchase of Liberty Bancshares in Ada, Ohio, will help Middlefield Banc Corp. in Middlefield, Ohio, address a succession
Thread Bank in Rogersville, Tenn., has formed a strategic partnership with Unit, a Banking-as-a-Service (BaaS) platform. Unit, which helps clients embed
MainStreet Bancshares in Fairfax, Va., has formed a community development unit. The $1.8 billion-asset company said in a press release Tuesday
Harry Madonna is back at the helm of Republic First Bancorp in Philadelphia. The $5.7 billion-asset company said in a press
Cogent Bancorp in Orlando, Fla., has entered four new business lines. The parent of the $1.2 billion-asset Cogent Bank has added
A pair with ties to Reliant Bancorp has raised capital to make a national push with a small bank in
The Bank of London is planning to open a major office in Charlotte, N.C. The bank said in a press release
Regions Financial in Birmingham, Ala., has promoted an insider to become its new director of strategy and corporate development. The $161
Farmers Bank in Parsons, Tenn., has a new investor. The $46.9 million-asset bank said in a press release Monday that it
Horizon Bancorp in Michigan City, Ind., will soon have a new president. The $7.4 billion-asset company said in a press release
Seacoast Banking Corp. of Florida in Stuart has agreed to buy Professional Holding in Coral Gables, Fla.The $10.8 billion-asset Seacoast
Amerant Bancorp in Coral Gables, Fla., has absorbed one of its subsidiaries. The $8.2 billion-asset Amerant disclosed in a regulatory filing
The CEO of Quontic Bank in New York has died. Steven Schnall died in a motorcycle accident on the way back
The Federal Deposit Insurance Corp. has given conditional approval for two proposed banks. The FDIC has signed off on the applications
A judge in Nebraska has sided with the Nebraska Department of Banking and Finance, blocking the purchase of Premier Bank
PacWest Bancorp in Beverly Hills, Calif., has added a banking veteran to its board. The $39 billion-asset company disclosed in a
Lead Bank in Kansas City, Mo., has been sold to a company tied to former Square Capital leader Jacqueline Reses.The
A former executive at First NBC Bank has admitted to his role in a conspiracy to defraud the New Orleans
CF Bankshares in Columbus, Ohio, is no longer selling its mortgage originations to investors.The $1.6 billion-asset company said in a
LendingClub in San Francisco will add two financial services professionals to its board. The digital lender said in a press release
Bank of Burlington in South Burlington, Vt., has been cleared to open. Organizers said in a press release that the de
Grasshopper Bank in New York has raised $30.4 million of fresh capital.The $305 million-asset bank said in a press release
Deposit inflows from Banking-as-a-Service (BaaS) and digital assets partially offset an exodus of more traditional deposits at Provident Bancorp in
F.N.B. Corp. in Pittsburgh is looking to fill some gaps in Virginia.The $42 billion-asset company said it had hired Wes
Comerica in Dallas has a new head of payments. The $87 billion-asset company said in a press release Monday that Allysun
Nano Banc in Irvine, Calif., made changes to several high-profile posts. The $1.1 billion-asset business bank said in a press release
U.S. Bancorp in Minneapolis will pay a $37.5 million penalty to the Consumer Financial Protection Bureau to address claims it
Blue Ridge Bankshares in Charlottesville, Va., reported lower quarterly earnings that reflected adjustments to the value of its fintech investments
Heritage Commerce in San Jose, Calif., will soon have a new CEO. The $5.1 billion-asset company said in a press release
Red River Bancshares in Alexandria, La., is planning to open its first branch in New Orleans. The $3.1 billion-asset company
Several community banks used their quarterly earnings releases to tease out technological enhancements.Kearny Financial in Fairfield, N.J.; Quaint Oak Bancorp
Organizers of the proposed Evermore Bank in Fort Lauderdale, Fla., have received conditional approval from the Federal Deposit Insurance Corp. The
Customers Bancorp in Wyomissing, Pa., continues to make progress with digital assets. The $20.3 billion-asset company said in a press release
Peoples-Sidney Financial in Sidney, Ohio garnered considerable interest from potential buyers before agreeing to be sold to Farmers & Merchants
Heritage Southeast Bancorp. in Jonesboro, Ga., which tried unsuccessfully to sell its bank to a credit union, has agreed to
Sturgis Bancorp in Michigan has a new bank CEO. The $318 million-asset company said in a press release Wednesday that Jason
Grasshopper Bank in New York has signed its first Banking-as-a-Service client. The $305 million-asset bank is working with Treasure Financial, a
BayFirst Financial in St. Petersburg, Fla., is seeing early traction from the launch of a Small Business Administration product. The $922-million
Finward Bancorp in Munster, Ind., has closed two branches. The $2.1 billion-asset company said in a press release Wednesday that it
Investar Bancorp in Baton Rouge, La., has agreed to sell two branches in south Texas to First Community Bank in
New York Community Bancorp in Hicksville said deposit growth in the second quarter largely reflected growth in its Banking-as-a-Service (BaaS)
Hanover Bancorp in Mineola, N.Y., plans to open its first branch on Long Island. The $1.5 billion-asset company said in a
Ford Motor Company said obtaining an industrial loan charter would help it make electric vehicles (EVs) accessible to all Americans.
Trustmark in Jackson, Miss., plans to launch new business lines, enter new markets and improve technology under a new program. The
NSTS Bancorp in Waukegan, Ill., has a new bank CEO. The $285 million-asset company said in a press release Tuesday that
Mark Hoppe, who orchestrated the sale of Taylor Capital Group to MB Financial nearly a decade ago, is retiring. Hoppe plans
Genesis Bank in Newport Beach, Calif., has created an escrow division. The $95.1 million-asset bank said in a press release Tuesday
Ford Motor Co. has applied to form a bank. Ford Credit Bank would operate under an industrial loan charter from Utah.
Bank First in Manitowoc, Wis., has agreed to buy Hometown Bancorp in Fond Du Lac, Wis. The $2.9 billion-asset Bank First
Somerset Savings Bank in Bound Brook, N.J., plans to convert to a stock-owned company and acquire Regal Bancorp in Livingston,
NBT Bancorp in Norwich, N.Y., has agreed to buy an insurance agency. The $11.7 billion-asset company said in a press release
Several banking companies have disclosed the receipt of capital from the Treasury Department's Emergency Capital Investment Program (ECIP).The Treasury invested
Alpine Banks of Colorado in Glenwood Springs has raised $34 million through a private placement of common stock.The $6.2 billion-asset
Finexio, an Orlando, Fla., B2B payments company, has raised $14 million from a group of investors that includes National Bank
Citizens Financial Group in Providence, R.I., has become the official bank of the New York Giants. The $227 billion-asset company said
MainStreet Bankshares in Fairfax, Va., plans to fully introduce its Banking-as-a-Service product during the fourth quarter. The $1.8 billion-asset company said
HomeTrust Bancshares in Asheville, N.C., will enter Atlanta with an agreement to buy Quantum Capital in Suwanee, Ga. The $3.5 billion-asset
Trustar Bank in Great Falls, Va., has raised more capital to fuel expansion in northern Virginia. The $546 million-asset bank said
Customers Bancorp in Malvern, Pa., plans to close five branches in Pennsylvania. The $19.2 billion-asset company said in a press release
Better late than never. That mantra rings true for F.N.B. Corp. in Pittsburgh, which agreed in May to buy UB Bancorp
Home BancShares in Conway, Ark., suffered from a “mini mutiny” of employees in some of the markets it entered through
American Challenger Development is again looking to sell itself after a plan to merge with Patriot National Bancorp in Stamford,
Organizers of the proposed Bank of Burlington in South Burlington, Vt., have received conditional approval from the Federal Deposit Insurance
Amerant Bancorp in Coral Gables, Fla., increased its ownership stake in its mortgage company. The $8.2 billion-asset company said in a
Live Oak Bancshares in Wilmington, N.C., has appointed the CEO of a North Carolina mortgage company to its board. The $8.6
First Lena Corp. in Lena, Ill., has agreed to buy First Savanna Savings Bank in Savanna, Ill. First Lena, the parent
Signature Bank in New York plans to dial down its lending in coming months. The $116 billion-asset bank expects quarterly loan
Bank of Montreal has agreed to buy Radicle Group, an environmental strategies company in Calgary.The Canadian bank said in a press
A pair of credit unions have changed names. Arizona Federal Credit Union in Phoenix has rebranded as Arizona Financial Credit Union. The
United Community Banks in Greenville, S.C., has tapped an insider to become its next state president for Tennessee.The $24 billion-asset
Lake Shore Bancorp in Dunkirk, N.Y., will be making some internal improvements after its bank entered into a written agreement
The American Bankers Association has a new leader for its Office of Innovation. The association said in a press release that
Smaller banks are starting to reduce and eliminate overdraft and nonsufficient funds (NSF) fees. The latest community bank to act is
M&T Bank in Buffalo, N.Y., has a new leader for its charitable foundation. Dominique Goss was named executive director of the
An activist investor is pressing Peoples Financial in Biloxi, Miss., to “explore all possibilities to maximize shareholder value.”Stilwell Partners, which
A proposed bank in Katy, Texas, has received conditional approval from the Federal Deposit Insurance Corp. The FDIC on Jan.
The Council of Federal Home Loan Banks has lined up its next CEO. The council said in a press release that
Wilson Bank Holding in Lebanon, Tenn., has formed a mortgage joint venture. The $4.1 billion-asset company said in a press release
Citizens Financial Group in Providence, R.I., has agreed to buy select assets and liabilities of Paladin Advisors in Kensington, N.H. The
Bank of America in Charlotte, N.C., was fined $225 million for practices tied to it's prepaid card program for disbursing
Apiture, a Wilmington, N.C., company that produces software for community banks, has raised $29 million in a fundraising round led
Jill Castilla is the latest banker to join a university’s governing board. Castilla, president CEO of Citizens Bank of Edmond in
Pinnacle Financial Partners in Nashville, Tenn., has joined the expanding list of banks cutting and eliminating overdraft and nonsufficient funds
Citadel Credit Union in Exton, Pa., will launch a business banking division in August after hiring a team of bankers
Lakeland Bancorp in Oak Ridge, N.J., has expanded its health care lending services to four new states.The $10.3 billion-asset company
A dispute among Vernon Hill, Republic First Bancorp and the Philadelphia company’s investors is ongoing. Hill, who recently announced plans to
Amerant Bancorp in Coral Gables, Fla., has become the official bank of the Miami Heat. The $7.6 billion-asset company said in
A former executive at Alloy Labs Alliance is leading an effort to form a digital bank for indigenous people. Amber Buker,
Bankers Helping Bankers, a program launched by FedFis and the Independent Bankers Association of Texas, has launched a fintech venture
The Independent Community Bankers of America has hired a Maryland banker to serve as its executive in charge of chief
Sword Financial in Horicon, Wis., has agreed to buy Community Bancshares of Wisconsin in Grafton.Sword, the parent of the $1.2
Synovus Financial in Columbus, Ga., and Verdant Commercial Capital in Cincinnati have formed an equipment finance business. Synovus Equipment Leasing will
Gate City Bank in Fargo, N.D., has agreed to pay $5.5 million to settle claims it breached its contract with
A group looking to form a bank in Connecticut has received approval from the state’s banking regulator.Organizers of New Canaan
SouthWest Bank in Odessa, Texas, has created an oil and gas division after hiring two bankers. The $645 million-asset bank said
CapStar Financial Holdings in Nashville, Tenn., is entering Asheville, N.C., after hiring a banker from First Horizon. The $3.2 billion-asset company
Vernon Hill is resigning as CEO of Republic First Bancorp in Philadelphia. The announcement that Hill will step down on Aug.
Encore Bank in Little Rock, Ark., has entered Boulder, Colo., after hiring a banker. The $1.8 billion-asset bank said in a
New Peoples Bankshares in Honaker, Va., has added a former banker to its board. The $813 million-asset company said in a
Live Oak Bancshares in Wilmington, N.C., has expanded the roles of several executives. The $8.6 billion-asset company disclosed in a regulatory
I thought I'd talk about de novo activity since I noticed that there are currently four active applications with the
An appeals court has overturned a judge’s ruling that has kept Vernon Hill in power at Republic First Bancorp in
RBB Bancorp in Los Angeles has hired a banker to oversee its Small Business Administration lending operations. The $4 billion-asset company
Fulton Financial in Lancaster, Pa., will do away with fees for nonsufficient funds (NSF) and extended overdrafts during the fourth
The USDF Consortium has a new CEO. The group, created in January to build a bank network to mint and use
A recently created credit union association has a new brand. The Mountain West Credit Union Association and Northwest Credit Union Association,
Florence Bank in Massachusetts is looking for a new CEO. The $1.9 billion-asset bank said in a press release Tuesday that
Encore Bank in Little Rock, Ark., has hired a banker to create a business line geared toward community associations. The $1.8
Columbia Banking System in Tacoma, Wash., will enter Utah after hiring commercial bankers in Salt Lake City. The $21 billion-asset company
A banker well known for her advocacy for women in the financial services industry has landed a new job.First Community
Revolut has named an insider to oversee the neobank’s efforts in the United States. The company said in a press release
Rising interest rates led Seacoast Banking Corp. of Florida in Stuart to reduce its offer for Drummond Banking Co. in
Pinnacle Bancorp in Lincoln, Neb., has agreed to buy Crockett National Bank in San Antonio, Texas. The $7.6 billion-asset Pinnacle said
First Bank of Highland Park in Illinois has changed its name to First Bank Chicago.The $1.9 billion-asset bank said the
Customers Bancorp in West Reading, Pa., has given formal notice to end its deposit servicing agreement with BM Technologies. The agreement,
BOK Financial in Tulsa, Okla., is looking for a new leader for its Texas operations. The $46.8 billion-asset company said in
BMO Harris Bank in Chicago is reducing its overdraft and nonsufficient funds (NSF) fees for consumer and small business banking
Dorothy Savarese, who recently retired as president and CEO of Cape Cod Five Cents Savings Bank in Hyannis, Mass., has
The Independent Community Bankers of America has reiterated its opposition to a U.S. Central Bank Digital Currency (CBDC).The trade association
New Peoples Bankshares in Honaker, Va., disclosed that its recent systems issues resulted from a cyberattack.The $813 million-asset bank disclosed
Western Alliance Bancorp. in Phoenix has entered Utah after hiring a team of business bankers. The $60 billion-asset company said in
NorthEast Community Bancorp in White Plains, N.Y., has brought back a familiar face to its board. The $1.3 billion-asset company disclosed
New York Community Bancorp in Westbury has formed a partnership with Circle Internet Financial in Boston where the bank will
PCSB Financial in Yorktown Heights, N.Y., fielded acquisition offers from three banks before deciding to deal exclusively with Brookline Bancorp
Landmark Bancorp in Manhattan, Kan., has agreed to buy Freedom Bancshares in Overland Park, Kan.The $1.3 billion-asset Landmark said in
The former co-CEO of First Republic Bank in San Francisco has been named CEO of a growth-minded real estate finance
Northmark Bank in North Andover, Mass., had in-depth discussions to sell to another bank months before agreeing to be sold
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 fin