Strategic Insights into Banking & Fintech

Nebraska Credit Union League selects next CEO

Nebraska Credit Union League selects next CEO

Brandon Luetkenhaus was named president and CEO of the Nebraska Credit Union League. Luetkenhaus succeeded Scott Sullivan, who retired on June 30. “I am excited to work with Brandon and appreciate his extensive League dedication," Robin Larson, president and CEO of Cobalt Credit Union and the league's chair. "His experience and leadership qualities are exceptional. He is well-known in the credit union industry and is a strong voice for all

July 8, 2025
Bank of Hillsboro in Illinois to rebrand as Constitution Bank

Bank of Hillsboro in Illinois to rebrand as Constitution Bank

Bank of Hillsboro in Illinois is rebranding. The $646 million-asset bank said it will become Constitution Bank on Sept. 2. “Constitution Bank is more than a name change, it’s a renewed commitment to who we’ve always been,” Misty Borrowman, the bank's president and CEO, said in a press release. “We remain locally owned and community-focused, with the same trusted people and the same commitment to the customers and communities we

July 8, 2025
First Community in SC confirms ‘preliminary’ talks with Signature Bank of Georgia

First Community in SC confirms ‘preliminary’ talks with Signature Bank of Georgia

First Community in Lexington, S.C., confirmed that it has engaged in "preliminary discussions" with Signature Bank of Georgia in Sandy Springs about a merger. The $2 billion-asset company referred to a media report and an erroneously issued press release by the $249 million-asset Signature Bank. "No definitive agreement has been entered into, and there can be no assurance that any agreement will be reached or that any transaction will ultimately

July 8, 2025
Business First to buy Progressive Bancorp in Louisiana

Business First to buy Progressive Bancorp in Louisiana

Business First Bancshares in Baton Rouge, La., has agreed to buy Progressive Bancorp in Monroe, La. The $7.8 billion-asset Business First said in a press release that it will pay $82.6 million in stock for the $752 million-asset Progressive. The deal, which is expected to close in the first quarter, priced Progressive at 122% of its tangible book value. Progressive has nine branches, $673 million of deposits and $583 million

July 8, 2025
Norwood Financial to buy PB Bankshares in Pennsylvania

Norwood Financial to buy PB Bankshares in Pennsylvania

Norwood Financial in Honesdale, Pa., has agreed to buy PB Bankshares in Coatesville, Pa. The $2.4 billion-asset Norwood said in a press release that it will pay $54.9 million in cash and stock for the $467 million-asset PB Bankshares. The deal, which is expected to close by the first quarter of next year, priced PB Bankshares at 106.6% of its tangible book value. PB Bankshares "is a growing and respected

July 7, 2025
VWF Bancorp in Ohio hires outsider as next CEO

VWF Bancorp in Ohio hires outsider as next CEO

VWF Bancorp in Van Wert, Ohio, will soon have a new CEO. The company said in a press release that Robert Slusser will also become its president and join its board on July 14. He will also serve as president and CEO of VWF unit GreenWay Bank. Slusser, who was market president for Fort Wayne, Ind., at F&M Bank, will succeed Michael Cahill, who is retiring.

July 4, 2025
Stripe approved for specialized bank charter in Georgia

Stripe approved for specialized bank charter in Georgia

Stripe has received approval to charter a Georgia merchant acquirer limited purpose bank. Having an MALPB lets a company that is largely engaged in processing credit and debit card transactions for businesses directly access major payment card networks. The charter makes is easier for Stripe to process card payments without having to rely on a traditional bank partner. The newly obtained charter does not allow Stripe to offer bank accounts,

July 3, 2025
Investar in La. makes Dallas push with deal for Wichita Falls Bancshares

Investar in La. makes Dallas push with deal for Wichita Falls Bancshares

Investar Holding in Baton Rouge, La., has agreed to buy Wichita Falls Bancshares in Wichita Falls, Texas. The $2.7 billion-asset Investor said in a press release that it will pay $83.6 million in cash and stock for the $1.6 billion-asset Wichita Falls. The deal, which is expected to close in the fourth quarter, priced Wichita Falls at 88.8% of its tangible book value. Investar also announced a private placement of

July 1, 2025