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The $1 billion-asset holding company for Veritex Community Bank redeemed about $8 million worth of SBLF shares.
December 23 -
Middleburg Financial in Middleburg, Va., plans to record a $3 million impairment charge tied to a participation loan in which the borrower has been accused of fraud.
December 23 -
Citizens & Northern in Wellsboro, Pa., has paid off a $24 million repurchase agreement and will record a loss on the prepayment.
December 23
F&M Bank in Clarksville, Tenn., has named Tennessee banking veteran Brad Barrett to its board of directors.
Barrett previously served as the president of the Tennessee Bankers Association from 1992 to 2013 when his son, Colin, replaced him, according to the Nashville Business Journal. Overall, he worked for the association for 40 years.
He also served as the chairman of Louisiana State University's Graduate School of Banking for two terms.
"[Barrett] brings a wealth of banking knowledge to F&M," President and Chief Executive Sammy Stuard said in the news release the publication obtained. "[He] will contribute greatly as we seek new opportunities for growth across Middle Tennessee."
The bank did not immediately return a request for further comment.
Bringing Barrett on board is the first major action the nearly $900 million-asset bank has made since Nashville businessman Gaylon Lawrence Jr. purchased it for nearly $85 million in cash.