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The seller, Farmers Bankshares, has $609 million of assets and eight branches.
August 18 -
BOK Financial, based in Oklahoma, has tapped Mark Wade to become CEO of the Bank of Texas next year. The current chief, Norm Bagwell, will take a part-time role.
August 17 -
Eagle Bancorp in Bethesda has agreed to pay $22.9 million to regulators to settle claims it failed to report loans totaling $99 million made to founder Ron Paul, who will pay more than $500,000 in fines in addition to being barred from the industry.
August 17 -
The Consumer Financial Protection Bureau's recent offensive against redlining by nonbank mortgage originators is increasingly relying on internal communications to make charges stick.
August 17 -
Royal Bank of Canada is asking employees to come to the office more often, an early sign that the country's big banks may follow their U.S. rivals in cutting back on remote work.
August 17 -
Matt Damon's pitch to invest in crypto has disappeared from U.S. television sets. Same goes for glitzy commercials starring LeBron James and Tom Brady.
August 17 -
Bank of America said overdraft-service fees plummeted 90% after it took steps to ease off on the charges, which have been under fire from lawmakers.
August 17 -
Area Federal Credit Union in Aberdeen, South Dakota, has named Stephen Streirer as its new president and CEO. He replaces Robert Goscicki, who resigned last month.
August 17 -
Farmers Bank plans to develop new revenue from home loans, despite seeing many bigger lenders flee the same market.
August 17 -
Agility Bank, Encore Bank, Queensborough National Bank and others have chosen or are considering less-mainstream core systems vendors because of their responsiveness and adaptability.
August 17














