James Herbert is expected to step away from his duties for six months due to a coronary health issue. Co-CEO Hafize Gaye Erkan will take on more responsibilities.

The Atlanta bank said the deal will accelerate its small-business and commercial and industrial lending while expanding its presence in point-of-sale financing.

The $6.7 billion-asset Byline Bancorp plans to invest most of the savings into digital banking.

For the third time since the start of the pandemic, the Richmond, Virginia, company will close branches to contain costs in what it calls a “challenging macroeconomic environment.”

If the Democratic majority on the Federal Deposit Insurance Corp.’s board succeeds in advancing a review of bank merger policy — over the disapproval of Chair Jelena McWilliams — progressive regulators could be emboldened to push for more substantive reforms.

Through its partnership with Visa, the California credit union lets members receive digital replacements for lost cards almost instantly and add digital cards to mobile wallets like Apple Pay.