Paul Davis

The Treasury Department has held shares in the Black-run banking company for more than a decade.

The Pennsylvania company said the move is in response to margin pressure and customers' increased adoption of digital channels.

The Dallas company, which in May terminated a deal to merge with Independent Bank, set aside $100 million for worrisome loans and incurred severance costs after cutting an undisclosed number of positions.

Simmons First, which is based in Arkansas, plans to shutter 23 locations later this year, while Great Southern in Missouri has hired a firm to take a look at its network.

The Pennsylvania bank incurred $2.3 million in expenses in second quarter after winding down unit BMT Investment Advisers.

The California company said Russell Colombo "is committed to remaining in the job as long as needed."

The Mississippi company said it decided to take aggressive measures to reduce its exposure to energy firms.

Government stimulus efforts, including the Paycheck Protection Program, have fueled a deposit surge. The challenge for banks is figuring out how to put that new money to use.

The company said it recorded a large loan-loss provision in the second quarter to reflect Coex Coffee International's pending liquidation.

The Los Angeles company said Chang Liu, who runs its bank, will succeed Pin Tai, who is retiring.

Unity Bancorp must improve its policies and procedures and increase staff training on following Bank Secrecy Act and anti-money-laundering laws.

Provident Bank was recast as BankProv to avoid confusion as it adds business lines and enters new markets.

Ashton Ryan, the New Orleans bank's CEO, and two other officers are accused of disguising the financial condition of certain borrowers before the bank's 2017 collapse.

Citizens Bancorp Investment has agreed to buy American Bancshares in a deal expected to close later this year.

BNCCORP named an interim CEO as it looks for a permanent successor for Timothy Franz.

Jay Hendricks, the company's chief operating officer, will succeed William Foster in August.

The company paid Covenant Logistics Group about $14 million for $103 million in accounts receivable.

Len Devaisher once served as a regional executive for Old National Bancorp.

The company said its plan to shutter 12 locations reflects "increased client usage of online and mobile banking and a commitment to improve digital banking technology."

The Arkansas bank is selling its two branches in the state to Merchants & Marine Bancorp and FEB Bancshares.