Bank News: M&A update, new CEOs, regulators, liquidation error, and no geniuses!

Bank News: M&A update – Santander-Webster deal receives OCC approval, MidFirst Bank will purchase Texas-based Dallas Capital Bank, Michigan-based Isabella Bank Corp. will purchase Grand River Commerce for roughly $54.6MM, Tyson Corner, Virginia-based ODNB Financial Corp. will purchase Washington, D.C.-based National Capital Bancorp for $97.8MM. Robinhood is eliminating 300 employees. Fiserv named its next CEO Takis Georgakopoulos. Mike Lyons leaves Fiserv to become CEO of Truist Bank as of September 1, 2026. Bank analysts have various opinions on what this new hire means for Truist. OCC revises MDI policy. GAO recommends that the FDIC start to rotate their examiners. A jury awarded plaintiff Patrick Byrne $16.525 million in compensatory damages and $62.9 million in punitive damages related to his wrongful termination from Ameris Bank. Nubank notifies customers that it is not being liquidated by the Brazilian Central Bank. Cameron Wadley has done an amazing job at Bank of America. JPMorgan, BofA, and others are now challenging the BNPL space. This episode reviewed multiple articles from Banking Dive and S&P Global Market Intelligence.