America's Credit Unions has begun the search for a new leader. The advocacy group announced that Jim Nussle will retire once a successor is on board. The group hired Korn Ferry to assist a newly formed search committee. “After a long career in advocacy from both sides of the policy making table, leading CUNA and the honor of helping to create and lead America’s Credit Unions, it is soon time

Israel Discount Bank of New York has a new leader. The bank said that Avner Mendelson will become its president and CEO on May 1. He will succeed Ziv Biron. Mendelson was president and CEO of Bank Leumi USA, which was sold to Valley National Bancorp in New York.

Evolve Bank & Trust in West Memphis, Ark., will pay $11.8 million to settle claims that it failed to protect customers’ private data during a 2024 data breach. The plaintiffs had alleged that the bank “had inadequate data security, was unjustly enriched by the use of the private information, and improperly or inadequately notified potentially impacted individuals." Evolve disclosed last June that “a known cybercriminal organization” had released “illegally obtained”

Plaid raised $575 million in a funding round. The round, which included Franklin Templeton, BlackRock, NEA and Ribbit Capital, valued the fintech at $6 billion, off more than half from its $13.4 billion valuation in 2021. Plaid said this round would be its lase private fundraiser, indicating that the company is getting closer to filing for an initial public offering. The new funding round lets employees cash out of restricted

Equity Bancshares in Wichita, Kan., has agreed to buy NBC Corp. of Oklahoma in Oklahoma City. The $5.3 billion-asset Equity said in a press release that it will pay $86.9 million in cash and stock for the parent of the $909 million-asset NBC Oklahoma. The deal is expected to close in the third quarter. “This partnership builds on our shared commitment to the communities we serve and enhances our ability

TowneBank in Suffolk, Va., has agreed to buy Old Point Financial in Hampton, Va. The $18 billion-asset TowneBank said in a press release that it will pay $203 million in cash and stock for the $1.5 billion-asset Old Point. The deal, which is expected to close in the second half of this year, priced Old Point at 180% of its tangible book value. “Old Point has legendary status here in

Mutual Federal in Sidney, Ohio, has a new president. Bill Daily announced on LinkedIn that he had taken on the new role. Daily was the founder and CEO of Riverside Bank of Dublin, which opened in 2019. He will succeed Dean Weinert, who is retiring as market president of Mutual Federal on April 11. Mutual Federal is a division of First Bank Richmond, a unit of Richmond Mutual Bancorp.

Union County Savings Bank in Elizabeth, N.J., has a new leader. The $1.6 billion-asset bank also said that Chris McFadden had become its president. McFaddon had been chief financial officer. Erik Terpstra was named to succeed McFaddon as CFO. “We are thrilled to have Chris take on the role of president and CEO,” Colin Neill, the bank's chairman, said in a statement. “Her deep expertise and leadership in the banking