On Sep. 30, 2021. Dollars in thousands.

The new business line is part of a broader expansion plan the Pennsylvania bank announced in 2021.

The bank, which donated a total of $1.6 million in 2020 and 2021, endowed the new organization with $4 million.

The community bank leverage ratio is set to revert to its prepandemic level of 9% on Jan. 1. Bankers say the move is premature and are supporting a bill that would keep the ratio at or below 8.5% through 2024.

The community bank said it would will not renew their employment contracts, which terminate March 20, but that it intends to keep them as executives.

To strengthen ties with entrepreneurs, Citizens Bank of Edmond in Oklahoma and the de novo Genesis Bank in California offer co-working, education and other resources.

These executives are adapting to changing customer demands amid rebounding M&A and coronavirus-related challenges.

The state Department of Financial Protection and Innovation issued a cease-and-desist order against Nano Banc, saying the troubled bank violated an earlier consent agreement when it replaced five board members and appointed a new CEO without the regulator’s permission.

The Oklahoma bank is eager to take the ground some competitors are ceding in oil and gas financing.

Alloy Labs Alliance, a consortium of community banks, is working with the fintech Payrailz on a project called "Chuck" that would route peer-to-peer payments over different networks, based on which is least expensive for each transaction.