Investors should expect "consistency, predictability," says COO Tyler Wilcox, who is scheduled to take over for longtime CEO Chuck Sulerzyski when he retires next spring.

Seibly, a 35-year banking industry veteran, takes over the Jacksonville, Florida, online bank now that private equity investors have purchased it from TIAA.

Lisa Opoku follows Julian Salisbury out the door of the Wall Street stalwart.

The Pittsburgh-based regional is leaning heavily on ATMs as part of a de novo expansion strategy in the lucrative Washington metropolitan region.

Lawyers representing the man accused of killing technology executive Bob Lee are attempting to poke holes in the prosecution's case, questioning the motive and the thoroughness of the police investigation in what's likely a long-term strategy to raise enough doubt to exonerate their client at trial.

The governing bodies of the National Association of Federally-Insured Credit Unions and the Credit Union National Association have unanimously approved a merger agreement. Members are expected to vote on the deal later this month.

A pending deal between two sizable institutions in Minnesota could mark the end of a dealmaking drought, experts say.

Regulators noted the demise of Heartland Tri-State Bank involved an isolated problem. Industry observers cautioned against prediction of more failures to follow, saying second-quarter earnings show community banks generally remain in sound financial health.

The top five community banks have more than $670 million in combined home equity loan portfolios as of March 31, 2023.

The top five banks and thrifts have more than $12 trillion in combined total assets as of the end of Q1 2023.

 The advance has helped the group pare its declines this year to roughly 10%, easing an earlier drop of as much as 33% following a string of regional bank collapses, including Silicon Valley Bank in March. 

The top five banks and thrifts have more than $7 trillion in combined total deposits as of the end of Q1 2023.

Dime Community Bancshares tapped insider Stuart Lubow as its next chief executive; BayFirst Financial announced the appointment of Scott McKim as chief financial officer and more in the weekly banking news roundup.

Dimon had taken a keen interest in PacWest since April, when the California lender became engulfed in the broader turmoil hitting regional banks.

Big Poppy Bancorp has applied to the Federal Reserve to acquire up to 24.99% of Summit State Bank. Both institutions are headquartered in Santa Rosa. Combining them would create the city's biggest bank.

Leslie Brock, chief of the AG's public finance division, sent a July 26 letter to lawyers who work on bond deals in Texas saying that officials are studying whether Wells Fargo has a practice or policy that "discriminates against a firearm entity or firearm trade association." 

Centerbridge Partners and Warburg Pincus said they would invest $400 million in Banc of California in conjunction with its purchase of PacWest. The private equity injection was made possible through reverse accounting, which used Banc of California's balance sheet to value the transaction.

The Hicksville, New York, company says its deposit base is stable and poised for growth four months after its acquisition of the failed Signature Bank, some of whose depositors fled to larger banks. Private bankers — including new hires from another failed bank, First Republic — are trying to win back lost deposits.

The challenger bank and fintech lender will use its first acquisition to expand its point-of-sale financing strategy into another vertical.

The monitoring, which is already in place in the U.S. came after a month-long consultation with U.K. employees.