QCR Holdings in Moline, Ill., will soon have a new leader. The $9.1 billion-asset company said in a press release that Larry Helling will retire as CEO at its May 22 annual meeting. Todd Gipple, QCR's president and chief financial officer, will succeed Helling, who will serve as a part-time adviser after his retirement. Nick Anderson, the company's chief accounting officer, will become CFO. Gipple has served as the CFO since

Patriot National Bancorp in Stamford, Conn., which was recently hit with an enforcement action while exploring its strategic alternatives, warned that it lost money in the fourth quarter. The $974.1 million-asset company disclosed in a regulatory filing that it expects to report a $9.5 million net loss, compared to $900,000 in net income a year earlier. Patriot pointed to a $7.7 million loan-loss provision largely tied to two big commercial

A bank in Alabama has a fresh name and a new headquarters. The $70.1 million-asset LifeSteps Bank and Trust said in a press release that it had rebranded as Bank47 and moved its corporate offices from Union Springs to Huntsville. "Huntsville's energy, innovation, and economic strength make it the perfect home for Bank47," Hill Womble, the bank's CEO, said the release. "We are building more than a bank—we are creating

Yoakum National BancShares in Yoakum, Texas, has agreed to buy Ganado Bancshares in Ganado, Texas. Yoakum, the holding company for the $327 million-asset Yoakum National Bank, did not disclose how much it will pay for the parent of the $55.9 million-asset Citizens State Bank of Ganado. Performance Trust Capital Partners, which advised Yoakum, disclosed the deal via LinkedIn.

Quaint Oak Bancorp in Southampton, Pa., has a new president. The $701 million-asset company disclosed in a regulatory filing that William Gonzalez had taken on the new role and joined its board. He was president and chief operating officer of Quaint Oak Bank. Gonzalez succeeded Robert Strong, who remains CEO.

De novo BankMiami will open its doors next month. Organizers said in a LinkedIn post that the bank will debut on March 17. A proposed bank received conditional approval from the Federal Deposit Insurance Corp. in August that required the organizers to raise $31.3 million. Organizers submitted applications earlier that year. BankMiami said in its application that it should have $390 million of assets, $354 million of deposits and $272

1895 Bancorp of Wisconsin in Greenfield has hired an investment bank to help it explore strategic alternatives, which could include its sale. The $565 million-asset company said in a press release that it retained Keefe, Bruyette & Woods as its financial adviser. The company said it has not established a timeline for completing the review. “KBW is a preeminent investment banking firm serving our industry, and we look forward to

Varo Money, a fintech that successfully applied for a bank charter, is looking to raise more capital. Varo, which recently announced the planned departure of founding CEO Colin Walsh, disclosed in a Form D filed with the Securities and Exchange Commission that it is looking to raise $55 million. The company, which filed the document on Feb. 14, has raised about $29 million, or roughly 53% of its goal. Walsh