Texas Capital reports another quarterly loss on higher provision, job cuts


The Dallas company, which in May terminated a deal to merge with Independent Bank, set aside $100 million for worrisome loans and incurred severance costs after cutting an undisclosed number of positions.


Patriot in Connecticut buys portfolio of prepaid debit card deposits


The company said the acquisition should lower its funding costs and shore up its net interest margin.


Truist hastens cost-cutting, delays core conversion


The North Carolina regional created by the merger of BB&T and SunTrust is saving money by shedding office space and reworking vendor contracts, but it was forced to put its systems integration on hold for up to a year to prioritize tech upgrades tied to the pandemic.


Bank OZK exits another state by selling branches


The Arkansas bank is selling two South Carolina branches to a credit union just two weeks after announcing plans to divest its branches in Alabama.


Tennessee bank merger to create $1 billion-asset lender


Citizens Bancorp Investment has agreed to buy American Bancshares in a deal expected to close later this year.


How First Horizon-Iberiabank bucked trend of canceled bank deals


Several big bank mergers fell apart after the coronavirus hit. But Bryan Jordan, First Horizon's CEO, said the pandemic validated plans to cut costs an invest more in digital upgrades.


Triumph in Texas buys factoring portfolio


The company paid Covenant Logistics Group about $14 million for $103 million in accounts receivable.


Dime-Bridge a conventional deal in unconventional times


The New York-area companies' $489 million agreement runs counter to recent merger pacts built around branch cuts and more tech spending.


Indiana credit union agreed to buy Elberfeld State Bank


Heritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities.


Dime, Bridge Bancorp combining in $489 million merger


The deal will create an $11 billion-asset banking company with operations in a number of markets around New York City.