Touchmark Bancshares in Alpharetta, Ga., has a new CEO. The $449 million-asset company said in a press release that Bobby Krimmel had also become its president and joined its board. He succeeded J.J. Shah, who is retiring but will remain chairman. Krimmel recently served as chief financial officer at First Farmers and Merchants Corp. and as chief administrative officer of First Farmers and Merchants Bank. "We are excited to have

Mechanics Bancorp in Taunton, Mass., and MountainOne Financial in North Adams, Mass. have agreed to merge into a single mutual holding company. Mechanics, the MHC for Mechanics Cooperative Bank, and MountainOne, the MHC for MountainOne Bank, said their banks will continue to operate as separate entities with the same names, logos and brands. The new MHC will have nearly $1.9 billion in assets and 15 branches. Joseph Baptista Jr. will remain

First Guaranty Bancshares in Hammond, La., which has been dealing with credit issues and capital preservation, recruited a former bank CEO to join its board. The $4 billion-asset company disclosed in a regulatory filing that Bob Walker had become a director. He has not yet been added to any committees. Walker was president and CEO of Premier Financial Bancorp when it was sold to Peoples Bancorp in 2021. First Guaranty

Community National Bank and Trust in Chanute, Kan., has agreed to buy the parent company of Prairie Bank of Kansas in Stafford. The deal is expected to close in the third quarter. The price wasn't disclosed. Community National has $2.2 billion of assets. Prairie Bank has $128 million of assets.

Volunteer State Bank in Nashville, Tenn., has shortened its name. The $1.5 billion-asset bank said in a press release that it has rebranded as Volunteer Bank. The move reflects the bank's growth beyond middle Tennessee. “For nearly 50 years, we have built relationships rooted in trust, service, and local decision-making,” Tony Gregory, the bank's chairman, president and CEO, said in the release. “As we evolve ... we do so with

CSI, a provider of end-to-end financial software and technology, is preparing to have a new CEO. The Paducah, Ky., company said in a press release that David Culbertson is set to become its vice chair. While the company has its next CEO lined up, it said it would announce who it is at a later date. “CSI has been my home for 36 years," Culbertson, who became president in 2018 and

Forte Bank in Hartford, Wis., has lined up its next leader. The $410 million-asset bank said in a press release that Aaron Lensink will become president and CEO on July 1. Lensink, the bank's executive vice president of commercial banking, will succeed Tim Purman, who is retiring. "It has been an incredible honor to serve as President & CEO of Forte Bank," Purman said in the release. "The strength of

Fintech Mercury raised $300 million in capital while adding four new directors. The San Francisco company said in a press release that the Series C investment round, led by Sequoia Capital, represents a valuation of $3.5 billion. Other participants included new investors Spark Capital and Marathon, along with existing backers Coatue, CRV and Andreessen Horowitz. Mercury, founded in 2017, added Tim Mayopoulos, Tom Brown, Sonya Huang and Jason Zhang to