Americas

CB Financial Services said its current CEO, Barron McCune Jr., was retiring and would be replaced by its president.

The company agreed to aquire United Bancorp. for $51 million.

Old National will have the fifth-biggest deposit market share in the city when it completes the $434 million acquisition.

U.K.-based fintech Revolut has entered the Russian payments market through a partnership with Russian payments firm Qiwi, and announced plans to apply for a U.S. banking license.

First Western in Colorado and Coastal Financial in Washington are the latest banks to disclose plans to go public.

U.K. payments technology provider Paysafe has entered a partnership with Company.com and Ingo Money to offer same-day settlement to small business merchants in the U.S.

Fountain City Fintech, a program planned by NBKC Bank, would be one of the first fintech incubators formed by a community bank.

The company will pay $48 million for four branches and $230 million in loans.

Paysafe Group has introduced a cash-based online payment mechanism for people who don’t have bank accounts or don’t use cards online due to security concerns. The U.K.-based payments services provider is also expanding its presence in the U.S.

The Dallas company expects to report a higher loan-loss provision after the loans, which include two shared national credits, deteriorated in the second quarter.