A struggling Florida bank changes CEOs, raises capital

BayFirst Financial in St. Petersburg named veteran Tampa-area banker Al Rogers as its CEO and announced an $80 million capital raise. The bank sold its SBA-lending business last year, but it’s still struggling to work through problems in its legacy loan portfolio.

Lessons from a B2B BNPL failure in the UK

Hokodo, a British business-to-business buy now/pay later fintech, has shut down after eight years. Its closure offers important lessons about the future of the concept.

Yuni Navarro joins Ocean Bank’s board of directors

Miami’s Ocean Bank appointed Yuni Navarro to its board of directors; Indiana-based Interra Credit Union announced it will acquire The Hicksville Bank in Ohio; JPMorganChase hired Chris Mihok from Keefe Bruyette and Woods; and more in this week’s banking news roundup.