Among this week's most read content: A Vietnamese investor fakes the purchase of a Dallas bank, Equity Bancshares makes a deal to acquire two banks at once, and Amalgamated Bank's assets get closer to $5 billion in a pending acquisition.
Vietnamese investor fakes purchase of tiny Texas bank
Oakwood BankTin Thanh Group, a Ho Chi Minh City-based company that claims to have operations in everything from gas stations to food production to finance, stated on its website that it purchased Oakwood Bank, a tiny, 117-year-old bank in Texas. But the bank's CEO and its attorneys deny that they ever talked with Tin Thanh management, and federal and state regulators say Tin Thanh does not own a U.S. banking license.
Red flags emerge after Chicago bank's failure
Regulators closed Washington Federal Bank for Savings two weeks after its CEO committed suicide and despite an annual report showing that the bank had healthy capital levels and pristine credit quality.
Equity Bancshares doubles down on dual M&A deal-making
In an effort to gain scale and expand its central U.S. footprint, Equity Bancshares Inc. is buying Kansas Bank Corp. and Adams Dairy Bancshares Inc. at once.
First Foundation digs deeper into SoCal with latest bank deal
First Foundation Inc. is acquiring a Los Angeles-area competitor that boasts a solid business lending operation — one that could bolster the buyer at a time when Southern California's economy is expanding.
Amalgamated Bank deal adds new geography, deepens focus on sustainability
Amalgamated Bank is buying New Resource Bancorp in a deal that would push the company's assets closer to $5 billion.
