Strategic Insights into Banking & Fintech
American Bancorp in Macon, Ga., has applied to buy New Republic Partners in Charlotte, N.C. The application said that the parent of the $491 million-asset American Pride Bank would indirectly acquire the $196.7 million-asset New Republic Bank. American did not disclose how much it will pay for New Republic.
A group has applied to open a bank in Bellevue, Wash. Organizers of the proposed United Development Bank submitted an application to the Federal Deposit Insurance Corp. on Aug. 21. The application wasn't immediately available. A public notice tied to the application listed 25 organizers, including Charlie Guildner, a former president and CEO of North Cascades Bank, and Jesse Tam, a former chairman, president and CEO of Regal Financial Bancorp.
The Office of the Comptroller of the Currency has terminated a 2022 consent order against cryptocurrency custody bank Anchorage Digital Bank. The order was tied to Anchorage's "failure to adopt and implement a compliance program” in accordance with anti-money laundering standards. The OCC said it lifted the order after determining that the bank's “compliance with laws and regulations does not require the continued existence of the order.” “With our consent
First Exchange Bank in White Hall, W.Va., has finalized its CEO succession plan. The $383.5 million-asset bank announced in a press release that Clayton Rice will assume leadership on Nov. 1. Rice, the bank's chief lending officer, will succeed Bill Goettel, who is retiring. The board " is deeply grateful for the leadership and vision that Bill Goettel has provided during his tenure," James Boyers, First Exchange's chairman, said in
The Consumer Financial Protection Bureau reopened debate over open banking, issuing a new advance notice of proposed rulemaking The notice, which kicks off a rewrite of the CFPB's Section 1033 data-access rule, is scheduled to appear in the Federal Register on Aug. 22, with public comments due 60 days later, around Oct. 21, 2025. With this step, the bureau is formally moving away from the Biden-era framework it finalized last
The California Credit Union League has rebranded. The association said in a press release that it changed its name to California’s Credit Unions to better reflect its mission and the 245 members it represents. “Our new name, California’s Credit Unions, is the fullest expression of who we are and the role we hold in the lives of Californians,” Scott Simpson, the association's president and CEO, said in the release. “It
BancPlus in Ridgeland, Miss., is making several executive and board moves. The $8 billion-asset company said in a press release that Kirk Graves will become its chairman, president, and CEO on Jan. 1. Graves, the company's chief operating officer, will also become president and CEO of BankPlus on July 1. Graves will succeed Bill Ray at BancPlus and Jack Webb after each executive retires. He will also succeed Bryan Jones
Dedham Institution for Savings in Dedham, Mass., has a new leader lined up. The $2.5 billion-asset bank said in a press release that Victoria Kane will take on the role on Sept. 1. Kane, who is chief people officer, will succeed Peter Brown, who remains the bank's CEO and chairman and CEO of its holding company. Kane will succeed Brown as CEO when he retires on Dec. 31. Jim Dunphy
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