Capital

The $550 million purchase will include a branch in the U.S. Virgin Islands.

Valley, which had focused on Florida in recent years, will double its market share in Bergen County with the $740 million acquisition.

Ken Lehman recently bought a block of shares in Village Bank & Trust Financial.

The Ohio Democrat praised Todd Harper, one of the regulator's newest board members, for his attempt to shift the agency's focus toward issues such as concentration risk.

Shore Community Bank, which has five branches in Ocean County, will sell for $53 million.

The NCUA proposed Thursday to put off until 2022 implementation of a rule that would require larger credit unions to hold more risk-based capital.

Ken Lehman will gain a 40% stake in the Tennessee bank as part of a broader plan to raise $13 million.

Founders Bank is the latest de novo effort that will target the nation's capital.

The group behind Bank of St. George is looking to bring in up to $22 million in initial capital.

Many community banks have given up on national mortgage platforms as not worth the effort, but organizers of NXG Bank in Maryland say they have a plan to make one work.

Lori Bettinger is one of the organizers of NXG Bank, which has applied to open in Columbia, Md.

Grasshopper Bancorp will target the innovation economy in New York City and other markets across the country.

During its monthly meeting, the National Credit Union Administration board also approved a proposal to increase CU access to non-member deposits, a move bankers are already railing against.

The pace is torrid now, but it could slow if bank stock prices keep rising and one prominent lawmaker’s proposal to restrict share repurchases gains traction.

The company agreed to buy Charter Bank, which has four branches and $161 million in assets.

American Bank & Trust opened after organizers raised more than $22.5 million.

Blue Ridge Bankshares will be based in Charlottesville, Va., after completing its $43 million purchase of Virginia Community Bancshares.

Heritage will have 17 branches around San Francisco when it completes the $200 million acquisition.

The new capital will allow the Austin bank to increase its lending limit.

The company said it could use proceeds from selling common and preferred stock to increase lending and add branches.