Strategic Insights into Banking & Fintech

BCB in New Jersey suspends quarterly dividends

BCB in New Jersey suspends quarterly dividends

BCB Bancorp in Bayonne, N.J., has suspended its quarterly dividend as its new CEO looks to shore up capital. The company said ina press release that the suspension applies to common and preferred stock. The board also voted to suspend its 2026 amended and restated dividend reinvestment and stock purchase plan. "We will be undergoing a fulsome evaluation of the bank’s credit portfolios, which will take some time," Tom O'Brien,

June 19, 2026
Ion Bank in Conn. makes Boston push with Cooperative Bank merger

Ion Bank in Conn. makes Boston push with Cooperative Bank merger

Ion Financial in Naugatuck, Conn., has agreed to absorb Cooperative Bank in Boston. The $2.8 billion-asset Ion said in a press release that the $540 million-asset Cooperative will continue to operate as a division. Cooperative President and CEO John Battaglia will join Ion as president of the new division. The banks will create a $2.5 million charitable foundation to support local communities served by the Massachusetts branches. Performance Trust Capital

June 19, 2026
North Shore in Wisconsin to buy PyraMax Bank parent

North Shore in Wisconsin to buy PyraMax Bank parent

North Shore Bank in Brookfield, Wis., has agreed to buy 1895 Bancorp of Wisconsin in Greenfield. The $2.5 billion-asset North Shore said in a press release that it will pay $18.40 to $18.66 a share in cash for the parent of the $598 million-asset PyraMax Bank. The deal is expected to close in the fourth quarter. “This is a natural fit between two organizations that believe in community banking at

June 19, 2026
South Plains in Texas lines up new CEO

South Plains in Texas lines up new CEO

South Plains Financial in Lubbock, Texas, will end this year with new leadership. The company said in a press release that Cory Newsom will become its CEO on Dec. 31. Newsom South Plains' president, will succeed Curtis Griffith, who will retire. “Our leadership transition has been the result of many years of deliberate planning, and Cory has been instrumental throughout that process," Griffith said in the release. "He has been

June 18, 2026
Georgia Banking, Climate First complete capital raises

Georgia Banking, Climate First complete capital raises

Georgia Banking Co. in Atlanta and Climate First Bancorp in St. Petersburg, Fla., raised capital. Georgia Banking said in a press release that it completed a $77.7 million private placement of primary and secondary shares, led by funds managed by affiliates of Fortress Investment Group. The company plans to use proceeds to support continued growth and "future strategic expansion opportunities." "We're building a bank for growing companies across Georgia, and

June 17, 2026
ODNB in Virginia to buy D.C.’s oldest bank

ODNB in Virginia to buy D.C.’s oldest bank

ODNB Financial in Tysons Corner, Va., has agreed to buy National Capital Bancorp in Washington, D.C. The $1.6 billion-asset ODNB said in a press release that it will pay a blend of cash and stock for the $735.3 million-asset parent of National Capital Bank of Washington. The deal is expected to close in the fourth quarter. The company will be known as National Capital Bancorp, and National Capital Bank will

June 17, 2026
Peoples Bancorp to buy Bank of Rantoul in Illinois bank merger

Peoples Bancorp to buy Bank of Rantoul in Illinois bank merger

Peoples Bancorp in Newton, Ill., has agreed to buy Bancorp of Rantoul in Rantoul, Ill. The $729 million-asset Peoples expects to buy the parent of the $284 million-asset Bank of Rantoul in the fourth quarter. The price of the all-cash deal wasn't disclosed. Bank of Ratoul has two branches. Rantoul Chairman and co-CEO Denny Long will join Peoples as a market president; Craig Rogers will also become a market president.

June 17, 2026
Former Fiserv chief named next CEO of Truist in North Carolina

Former Fiserv chief named next CEO of Truist in North Carolina

Truist Financial in Charlotte, N.C., has a new leader lined up. The company said in a press release that Mike Lyon will succeed Bill Rogers as president and CEO on Sept. 1. Lyon was CEO of Fiserv. Rogers, who has served as Truist's CEO since September 2021, will serve as executive chairman until he retires next year. “Through our succession planning process, it became clear that Mike is an action-oriented

June 16, 2026