Capital

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.

The coastal city quickly rebounded after being hit by Hurricane Harvey in August 2017.