The bank is among a handful of de novos to have its charter approved since 2009.

The company also admitted that certain details in an October press release were inaccurate.

The $1.9 billion deal – the industry's largest announced in 2017 – will create a bank with nearly $20 billion in assets.

Donald Trump was sworn in Friday, but banking industry executives have spent the last two months envisioning a vastly different political, economic and regulatory climate. The dominant question in coming months will be how realistic those expectations are.

The South Carolina company plans to use proceeds for acquisitions and organic growth.

Quarterly profit improved despite a spike in noninterest expenses.

The company is selling common and preferred stock in a private placement.

The Justice Department claims the bank, which has received “satisfactory” ratings in its last four CRA exams, is failing to serve minority neighborhoods around Minneapolis.

Matt Machen, who previously served as the company’s president, has been at Bear State since 2011.

Kim Ruth once served as a state president for Bank of America in Texas.

While the Trump administration could relax other bank regulations, it is unlikely that it would ease up when it comes to money-laundering compliance.

The $190 million deal would push Renasant above the $10 billion-asset regulatory threshold.

The company has been producing solid loan growth in recent quarters.�@9@e

About $12 million of the proceeds will go toward exiting the Small Business Lending Fund.

CUs across the country are redoubling their efforts to demonstrate the credit union difference.

The Michigan company expects a recently announced mortgage initiative to produce solid growth in 2017.

Ategra Community Financial Institution Fund believes the move would improve independent oversight of management.

The company sued the former director over the debt, which disqualified him from board service.

The author responds to critics who say the national movement to move money from big banks to black-owned institutions may not be fueling many loans to minorities and residents of low- to moderate-income communities.

The bank is first to fail in New Jersey since 2012.