Ken McCarthy

The company will offer deposit-related services to firms with permits for hemp and CBD.

An increase in credit union acquisitions of banks has been a blow to the morale of many commercial bankers, and some of their trade organizations are trying to slow down the trend. There may be little they can do.

Both banks focus on the Chinese-American community.

Driver Management said it believes the company would create more shareholder value by finding a buyer.

The Baltimore company will pay $31 million for MB Bancorp.

Falling stock prices and concerns about the health of the economy are depressing deal activity.

Brad Dinsmore, who will also serve as the California company's president, once was in charge of several key lines at SunTrust, including consumer banking and private wealth management.

Malia Lazu, a former community organizer, is overseeing a cultural shift at the Boston company that includes a new program designed to make more loans to minorities.

Loyal Trust Bank is the seventh proposed bank in 2019 to secure the agency's approval for deposit insurance.

The Pittsburgh company will take a de novo approach to growth around Washington.

Organizers of Silver River Community Bank must raise $17 million before opening.

Christopher Maher is kicking the tires on an "acquisition of size" that would propel the New Jersey bank across the $10 billion-asset mark.

Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.

The Michigan company disclosed that an unnamed client made a large payment on a $6.5 million nonperforming loan.

Ancora Advisors also suggested that the company get rid of its current management team.

Palmer Proctor, who took over at Ameris after it bought Fidelity Southern, where he was also CEO, says more deals would be a "distraction."

Melinda McClure and Richard Horn have joined the management team at Old Dominion Bank in northern Virginia after struggling to raise enough capital for their de novo effort.

With margins under pressure and competition intensifying, a number of community banks are zeroing in on underserved markets.

These banks posted strong quarterly results at a time when many others struggled with thinner margins and rising expenses.

Millyard Bank is on a course to open by the end of this year.