The deal will create a bank with nearly $50 billion in assets.
The California company agreed to pay $14 million in cash for a bank with $131 million in assets.
The pending sale of Cache Bank & Trust would be the first credit union-bank deal in the state.
A fintech called NCS Analytics wants to analyze power-use data at cannabis businesses for banks that finance them. It says the information can help expose illegitimate activity.
The California company will pay $39.4 million for the parent of First State Bank of Colorado.
Independent Bank in Texas, the seller, gained the business after buying Guaranty Bancorp.
The Mile High City has been disrupted by a number of big M&A deals, providing an opening for other banks to benefit.
Pacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing.
The company will close a dozen branches, including eight in Colorado.
Banks were reluctant to offer services to an industry that had a hazy legal status. That’s about to change.
