The Federal Deposit Insurance Corp. board of directors approved a proposal to roll back its 2024 merger policy, reinstating previous guidelines while charting a new policy toward bank combinations.

The Los Angeles-based parent company of Bank of Hope expects to complete its acquisition of Honolulu-based Territorial in April. The $79 million deal faced challenges when an investor group made a competing bid.

Lone Star Capital Bank's plan to merge into Rio Financial Services' banking subsidiary is one of several recently announced Texas M&A deals; David Sparacio will join Birmingham, Alabama's ServisFirst Bancshares as its chief financial officer; Capital City Bank names Ramsay Sims chief banking officer; and more in this week's banking news roundup.

The cloud-based digital banking provider signed an agreement to purchase the fintech for $400 million; the deal is expected to close by March 31.

The $15 billion-asset Seacoast is paying a hefty premium, but CEO Charles Shaffer called Heartland Bancshares an "incredibly valuable" franchise.

The card-issuing company has appointed CFO Mike Milotich as interim CEO as Simon Khalaf steps down. The firm also agreed to buy European payment provider TransactPay.

The largest independent digital investment advisor in the U.S. is buying the automated investing arm of the woman-focused company.

Read more about cryptocurrency players struggling to access banking services and Elon Musk's weaponization of the Department of Government Efficiency.

Wells Fargo joins Bank of America, Citi and Charles Schwab in stepping away from its DEI policies.

The changing of the guard at the Consumer Financial Protection Bureau and hope among bankers for mergers and acquisitions activity are popular items this month.