Paul Davis

Walter Kaczmarek, who ran the bank from 2005 to 2019, will also serve as interim president following the retirement of Keith Wilton.

The Indiana company said the move reflects a need to cut costs and customers' increased preference for digital channels.

The Honolulu company said the "non-public, fact-finding inquiry" by the Securities and Exchange Commission focuses on its calculations for earnings per share.

Payservices would use deposits largely to support its existing business. It has no plans to make loans.

The Delaware company's pending purchase will create a bank with $43 billion of assets under management.

Andrew Harmening, who oversaw Huntington's digital strategy, will succeed the retiring Philip Flynn as president and CEO of the Wisconsin regional bank in April.

The company has formed a special committee to find a successor for James Ford, who will retire as president and CEO next year.

The unnamed investors will pay about $50 million for Northern California National Bank through a tender offer.

Lawrence Seidman will provide capital markets advice and financial analysis to the Pennsylvania company.

The company would gain its first branches around Annapolis after it buys Severn Bancorp in a deal valued at $146 million.

DMG Bancshares, formed by banking veteran Don Griffith, wants to buy more West Coast banks. For California First, the sale ends a four-year period in which it substantially shrank its loan book after it was ordered to shed leveraged loans.

Brian Milton, who ran MUFG Union's digital bank, was named head of banking and would become CEO of Thrivent Bank, which plans to have a digitally focused platform and operate as an industrial loan company.

Julie Stackhouse retired last year as an executive vice president at the St. Louis Fed, where she supervised bank holding companies and state member banks in the region.

The bank's purchase of Sodak Home Loans in Sioux Falls, S.D., adds to a string of bank deals for mortgage lenders this year.

Four former employees and several clients of Washington Federal Bank for Savings face charges of falsifying records to conceal the embezzlement of $31 million prior to the bank's December 2017 collapse.

The company has agreed to pay $43 million for a bank with assets of $354 million.

Ingenious Financial in Arlington, Va., is raising $200 million in hopes of buying an existing bank. Bank of Ingenious would focus on professionals such as doctors, dentists and veterinarians.

The bank, formed in 2019 when investors bought and recapitalized Sound Bank, will use the funds to hire lenders and improve its overall infrastructure.

The California company said the issue involves a line of credit it funded earlier this year and that it is working with law enforcement authorities on the matter.

The Fortune 500 conglomerate has had discussions about merging Thrivent Credit Union, which operates independently of the company, into the bank if the charter is approved.