Stephen Gordon has finally put some of the capital committed to acquisitions to work. Genesis Bank in Newport Beach, Calif., agreed to buy EH National Bank in Beverly Hills, Calif., for an undisclosed amount of cash. EH National operates as the $300 million-asset Excel Bank, which has three branches, $238 million in loans and $242 million in deposits. Excel specializes in banking real estate investors, property management companies and homeowners

Superior Choice Credit Union in Superior, Wis., is looking for a new leader. Tim Foster shared in a LinkedIn post that he had resigned as CEO. He has led the credit union since January 2021. "The experience has been truly remarkable, providing invaluable lessons that can't be learned in a training program or taught through mentoring," Foster said in his post. "Our achievements in growth, creating a strong culture, and

Standard Chartered will soon have a new CEO for the U.S. and Americas. The U.K. bank said in a press release that Mandy DeFilippo will take on the role on March 24. DeFilippo, who was a managing director and chief operating officer of legal and compliance at Citadel Securities, will succeed Steven Cranwell. “I’m eager to bring my international experience to an organization with an unparalleled global network and passion

Riverside Bank of Dublin in Ohio has a new CEO. The $211 million-asset bank said that it hired Charles Moore as its new leader. Moore, who was CEO of Commodore Bank, succeeded founding CEO Bill Daily.

Technology company nCino bought Sandbox Banking. The company said in a press release that it paid $52.5 million in cash for Sandbox Banking, with an earn-out opportunity of up to $10 million based on financial and product development metrics. The deal is intended to strengthen nCino's Integration Platform as a Service capabilities, including enhanced data connectivity and streamlined operations for financial institutions. The technology includes pre-built adapters for core banking

The BHB Fund in Austin, Texas, has invested in equipifi, a fintech that helps financial institutions develop Buy Now, Pay Later platforms. The fund did not disclose the size of the investment. “As we grow our portfolio of top-tier fintech companies like equipifi, we continue to position community banks at the forefront of industry disruption” Neeraj Vohra, BHB Fund's managing partner, said in a press release. “As the fastest growing,

Eagle Financial Services in Berryville, Va., raised $5o million from selling common stock. The $1.8 billion-asset company completed a public offering on Feb. 6. Eagle plans to use the net proceeds for general corporate purposes that could include continued growth, selling securities to reposition its balance sheet and supporting capital ratios. Keefe, Bruyette & Woods was the bookrunner; D.A. Davidson was the lead manager.

TD Bank Group in Toronto will sell its remaining stake in Charles Schwab. The Canadian company said in a press release that it will divest its 10.1% stake through a registered offering and selling shares back to the brokerage firm. Schwab has agreed to buy $1.5 billion of its shares from TD conditional on the completion of the offering. "As part of our strategic review, we have been evaluating capital