Finance

United Bankshares in West Virginia was willing to pay a healthy premium for Carolina Financial, one of a dwindling number of available banks with more than $4 billion in assets.

Zazu Limited, a Zambian fintech, has partnered with Mastercard to launch a mobile wallet that supports a prepaid account instantly issued from the app to any local consumer — with or without a bank account.

The company will pay $1.1 billion for Carolina Financial in Charleston, S.C., in a deal that will add nearly $5 billion in assets.

The Soboba Band of Luiseño Indians plans to form a holding company and raise $25 million for Legacy Bank.

The Wisconsin-based institution has returned more than $11.7 million to members over the past six years.

The State Bank Group and The Provident Bank are backing Neocova, which focuses on community banks.

Such credits, which reflect borrowers with financial challenges, increased significantly during the third quarter.

The issue, tied to how the company reconciles corporate accounts to its general ledger, is not expected to impact past financial statements.

The Louisiana company's willingness to combine with First Horizon without a big initial payday is fueling talk that other banks could be keen on selling at relatively inexpensive prices.

A group has filed paperwork with the FDIC to form Legacy Bank in Temecula.