The $56 million acquisition will extend Southern California Bancorp's footprint north of Los Angeles.

The Missouri company announced the deal just five months after buying Seacoast Commerce in San Diego.

At first the deal seemed an unlikely marriage of two mortgage-heavy companies. But acquiring the Michigan company would help New York Community accomplish its two chief goals — reducing deposit costs and its concentration of multifamily loans — while giving it the scale to pursue more deals.

The merger would create a company with nearly 400 branches, 87 loan production offices and $87 billion of assets.

Deposits keep flooding in, mortgage lending shows signs of cooling, and bankers can’t agree on when commercial lending will rebound. Here’s what we learned from first-quarter results.

The proposed acquisition is the second deal in as two days to involve an Atlanta-based seller.

The Illinois companies agreed to merge in a transaction that is expected to close later this year.

Affirm's deal to buy Returnly emphasizes the need to simplify the process when a point-of-sale lender stands between the consumer and merchant.

The Georgia company agreed to pay $84 million for a bank with nine branches and $715 million of assets.

The deal would be Independent's sixth since 2015 and would continue a wave of consolidation among Boston-area banks.

On its path to diversify beyond check printing, Deluxe has agreed to purchase Texas-based merchant services firm First American Payment Systems for $960 million.

Clarity on credit quality has bankers ready to strike deals after a lengthy pause. A steady rise in stock prices has also given potential buyers the financial wherewithal to pursue acquisitions.

The Dallas company agreed to sell MSRs tied to $14 billion of mortgages to PHH Mortgage.

The Tennessee company says it has been pitching specialty finance products inherited from Iberiabank to its own clients.

Burns & McDonnell Credit Union holds just $27 million of assets and is seeking approval to merge into CommunityAmerica, which serves the KC metro region and is the largest credit union in Kansas and Missouri.

Rhodium BA Holdings said it has proposed paying a higher price to disrupt the banking company's proposed sale to DLP Real Estate Capital.

The San Diego company will pay $55 million to Morgan Stanley for a business that has 200 custody relationships, $23 billion of custodial assets and $1.2 billion of deposits.

The Connecticut company has struggled to put deposits from its health savings account business to work across the Northeast. Buying Sterling Bancorp for $5 billion will provide Webster with new opportunities in a number of business lines, including asset-based lending and equipment finance.

Mastercard is buying Ekata, a startup that has been rapidly developing AI-powered digital identity tools that weed out online fraud during the recent surge in e-commerce during the pandemic.

Funds affiliated with HPS Investment Partners plan to buy Marlin Business Services for $282 million.