Bank News: Failed bank CEO going to jail, M&A activity, AI activity, and payment fraud
Bank news: Failed Oklahoma Bank, First National Bank of Lindsey, ex-CEO Danny Seibel plead guilty to bank fraud and now faces up to 20 years in prison and a fine of up to $1 million. Cambridge Savings Bank has agreed to acquire First Seacoast Bank in an $80 million deal. BayFirst Bank makes a change at CEO and carries out an $80 million dollar capital raise. U.S. Bank takes a quieter approach to branch expansion. M&T Bank takes a patient approach to M&A. Kraken’s parent company Payward is acquiring a Hong Kong-based payments infrastructure platform named Reap in a $600 million deal. Anthropic…
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