Cooperative Bank of Cape Cod in Mass. opts for shorter name
Cooperative Bank of Cape Cod in Yarmouth Port, Mass., shortened its name. The $1.6 billion-asset bank rebranded as Cape & Coast Bank. “As Cape Cod has evolved, so too has the bank, adapting to meet the needs of all who live, work, and love this place,” Lisa Oliver, the bank’s chair, president and CEO, said […]
QNB to buy Victory Bancorp in Pennsylvania
QNB Corp. in Quakertown, Pa., has agreed to buy Victory Bancorp in Limerick, Pa. The $1.9 billion-asset QNB said in a press release that it will pay $41 million in stock for the $500 million-asset Victory. The deal is expected to close in the fourth quarter. The deal is projected to be about 16% accretive […]
America First FCU to buy Meadows Bank in Nevada
America First Federal Credit Union in Riverdale, Utah, has agreed to buy Meadows Bank in Las Vegas. The $23 billion-asset America First aims to be the biggest credit union to buy a bank. It did not disclose the price it plans to pay for the $1.4 billion-asset Meadows. Meadows has six branches in Nevada and […]
Fidelity Bank in Iowa applies to buy Frost State and State Savings Bank
Fidelity Bank & Trust in Dubuque, Iowa, has applied to buy Frost State Bank in Frost, Minn., and State Savings Bank in Rake, Iowa. The $2 billion-asset Fidelity submitted applications with the Federal Deposit Insurance Corp. on Sept. 22 to buy the $53.4 million-asset Frost and the $80.5 million-asset State Savings. The prices were not […]
Park State in Minnesota applies to buy First National Bank of Chisholm
Park State Bank in Duluth, Minn., has applied to buy First National Bank of Chisholm in Minnesota. The $1.4 billion-asset Park State submitted its application with the Federal Deposit Insurance Corp. on Sept. 18. It did not disclose how much it plans to pay for the $77.3 million-asset First National. The deal is expected to […]
Grand Marais and CenBank in Minnesota to merge
The owners of Grand Marais State Bank in Grand Marais, Minn., and CenBank in Buffalo Lake, Minn., are merging the banks. The group said in a press release that it expects to merge the $81.3 million-asset CenBank into the $117.6 million-asset Grand Marais in the first quarter. Grand Marais will have five branches when the […]
Sound in Seattle promoting CFO to become president
Sound Financial Bancorp in Seattle has a new president. The $1.1 billion-asset said in a press release that Wes Ochs will take on the role on Oct. 1. Ochs, who is the chief financial officer, will succeed Laurie Stewart, who remains CEO.
Axos in California to buy equipment finance firm Verdant
Axos Financial in San Diego has agreed to buy equipment leasing company Verdant Commercial Capital. The $24.8 billion-asset Axos said in a press release that it expects to pay $43.5 million for Verdant, which had about $1.1 billion of loans and leases on its balance sheet as of Aug. 31, including $750 million of securitizations. […]
Crypto custody bank Anchorage Digital Bank seeks Fed master account
Anchorage Digital Bank has applied for a Fed master account. The cryptocurrency custody bank applied on Aug. 28, according to the Fed’s database. The application comes on the heels of the Office of the Comptroller of the Currency terminating a 2022 consent order against Anchorage Digital Bank tied to a past “failure to adopt and […]
Legacy Bank in California finds next leader
Legacy Bank in Murrieta, Calif., has a new leader. The $90.7 million-asset bank said in a press release that Bill Nethercott became its CEO late last month. Nethercott was a senior vice president and relationship manager at Farmers & Merchants Bank of Long Beach, according to his LinkedIn profile.
OCC splits bank supervision into three tiers
The Office of the Comptroller of the Currency announced a sweeping overhaul of its supervision structure, creating three distinct tiers and updating the organization of the Office of the Chief National Bank Examiner. Under the new framework, which will take effect Oct. 1, the OCC will replace its Bank Supervision and Examination group with groups […]
Southside in Texas selects insider to become CEO in 2026
Southside Bancshares in Tyler, Texas, will have a new leader in 2026. The company disclosed in a regulatory filing that Keith Donahoe will succeed Lee Gibson when Gibson retires on Dec. 31. Gibson will remain on the board. Donahoe has been the company’s president since May 2024. He joined the bank in 2021.
Atlantic Union in Va. pledges $2.2B in commitments under expanded plan
Atlantic Union Bankshares in Richmond, Va., has enhanced its community impact plan. The company said in a press release that the updated plan, which reflects its purchase of Sandy Spring Bank in Maryland, will add about $2.2 billion of planned new lending, investments, and philanthropy commitments. The plan was developed in collaboration with the National […]
TD Bank unit invests $25 million in Lendistry
Lendistry in Los Angeles received a $25 million investment commitment from a unit of TD Bank. The community development financial institution and leading Small Business Administration 7(a) lender, said in a press release that the investment could support up to $250 million in small business financing over the next five years. “TD believes that small […]
Rhinebeck Bancorp in N.Y. hires outsider as next CEO
Rhinebeck Bancorp in Poughkeepsie, N.Y., will soon have a new leader. The company said in a press release that Matthew Smith will become its president and CEO on Oct. 20. Smith, who was chief operating officer at Columbia Financial, will succeed Michael Quinn, who is retiring. Quinn will serve as interim executive adviser through the […]
IF Bancorp in Illinois reaches truce with activist investor
IF Bancorp in Watseka, Ill., has reached a truce with an activist investor. The company disclosed in a regulatory filing that it entered into a standstill agreement with funds associated with Joseph Stillwell and Stilwell Partners. The agreement is set to last until March 2026 or the company’s sale, whichever comes first. IF Bancorp agreed […]
Five banks in Arkansas, Missouri to merge under single brand
Five banks in northeast Arkansas and southeast Missouri are combining under a single brand. Farmers Bank and Trust in Blytheville and Piggott State Bank, both in Arkansas, will merge with First Missouri State Bank in Poplar Bluff, First Missouri Bank of SEMO in Kennett, and First Missouri State Bank of Cape County in Cape Girardeau to […]
Digital assets fintech Stablecore raises $20 million
Stablecore, a Dallas fintech that lets small and midsize banks and credit unions offer digital assets, raised $20 million. The company said in a press release that the fundraising was led by Norwest, with participation from Coinbase Ventures, Curql, BankTech Ventures, Bank of Utah, EJF Ventures, Bankers Helping Bankers Fund. “Following landmark regulatory changes this year, stablecoins and digital assets have […]
National Bank in Colorado to buy Vista Bank in Texas
National Bank Holdings in Denver has agreed to buy Vista Bancshares in Dallas. The $9.9 billion-asset parent of NBH Bank said in a press release that it will pay $369.1 million in cash and stock for the $2.4 billion asset Vista. The deal, which is expected to close in the first quarter, priced Vista at […]
Fowler State in Indiana taps insider as next president
Fowler State Bank in Fowler, Ind., will begin 2026 with a new president. The $198.5 million-asset bank said in a press release that Courtney Rooze will take on the new role on Jan. 1. Court, the bank’s senior ag lender, will succeed Steven Brunton, who will remain CEO. Brunton plans to fully retire in March […]
Range Bank in Michigan lines up CEO succession for late 2026
Range Bank in Marquette, Mich., has lined up its CEO succession. The $575.2 million-asset bank said in a press release that Jamey Markham will also become president in December 2026. Markham, the bank’s chief lending officer and community bank president, will succeed Roxanne Daust when she retires. Daust joined Range Bank in 1997 as chief […]
Bank of America names co-presidents in potential succession move
Is Brian Moynihan setting the stage for naming a successor at Bank of America? Moynihan, the Charlotte, N.C., company’s chairman and CEO, said in a press release that Dean Athanasia and Jim DeMare had been named co-presidents. Athnasia was president of regional banking, while DeMare was president of global markets. Alastair Bothwick, the company’s chief financial […]
First Fed in Washington hires Curt Queyrouze as CEO
First Northwest Bancorp in Port Angeles, Wash., hired Curt Queyrouze as its CEO. The company said that Queyrouze will also become its president and join the board on Sept. 17. “It’s a privilege to step into this role at a company with such a long-standing reputation,” he said in the release. “First Fed has a […]
First Heritage Bank in Kansas brings on sixth-generation leader
First Heritage Bank in Centralia, Kan., has its first new leader in 48 years. The $266.1 million-asset bank said in a press release that Tyler Bachman had succeeded his father, Bruch Bachman, as CEO. Tyler Bachman, who remains the bank’s president, is the bank’s sixth-generation leader.
Proposed Washington de novo aiming for MDI status
A proposed bank in Washington aims to become a minority depository institution. Organizers of the planned United Development Bank made the disclosure in their application with the Federal Deposit Insurance Corp. United Development will operate one branch at its main office in Bellevue, Kirkland, or Redmond. United Development Bank is expected to open on or around […]