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The acquisition, set to close by year-end, marks a return to the mainland for the Hawaiian lender, which was once part of BNP Paribas’ U.S. network.

Financial institutions should “identify, measure, monitor and control these risks” in a way that that assesses “a borrower’s willingness and capacity to repay,” regulators said.

The CEO didn’t say what prompted last month’s appointment of Doug Petno and Troy Rohrbaugh as co-presidents, but referred to it as “a natural change” in the bank’s succession planning process.

Mo Jamous will lead the Dallas-based bank’s AI initiatives and strengthen its technology platform.

The Federal Reserve’s instant payments system is adding banks and accounts, but building more use cases to spur uptake remains a challenge.