Paul Davis

The proposed merger of two family-owned institutions would create a $5 billion-asset bank in Texas.

Organizers of Community Bank of the Carolinas in Winston-Salem have raised $13.6 million. The group has to bring in at least $25 million.

Northern Oak Wealth Management is a registered investment adviser with $800 million in assets under management.

Examiners could have done more to minimize the brunt to the Deposit Insurance Fund from Washington Federal Bank for Savings, which hid fraudulent loans and will cost the fund more than $80 million, according to a report from the Treasury’s inspector general.

Blake Edwards Jr. will take the helm at the parent of Skyline National Bank when J. Allan Funk retires next month.

The Virginia company said that Carolina State Bank is on pace to open later this month.

The Mississippi company will pay $86 million for seven branches with $318 million in deposits.

Big banks and fintechs are aggressively adding digital capabilities to process applications quickly, creating a sense of urgency for community banks.

The $263 million portfolio has been covered by a loss-share agreement since an investor group bought the failed BankUnited in 2009.

The Missouri company will pay $213 million for the largest bank in Los Alamos, N.M.