Orrstown Financial in Harrisburg, Pa., has a new leader. The $5.6 billion-asset company said in a press release that Adam Metz had become its president and CEO. Metz, who was chief operating officer, succeeded Thomas Quinn Jr., who retired. Metz also joined the board. “Adam is a proven and respected leader who understands our markets, our clients, and the importance our commitment to community banking,” Joel Zullinger, Orrstown's chairman, said

Bogota Financial in Teaneck, N.J., has agreed to buy GSL Savings Bank in Guttenberg, N.J. Bogota said in a press release that it will issue shares to GSL's mutual holding company as part of the deal, which is expected to close in the second half of 2026. The terms were not disclosed. The deal "allows us to expand our ability to deliver personalized service and enhanced financial solutions while preserving

Tom O'Brien can't quit banking. The veteran turnaround artist has agreed to become the president and CEO of BCB Bancorp in Bayonne, N.J. The company said in a press release that O'Brien, 75, will also join its board. O’Brien was chairman, president and CEO of Sterling Bancorp, orchestrating the sale of most of its banking operations. He also turned about and sold Sun Bancorp in New Jersey and was CEO

State Bank of Cherry in Cherry, Ill., has agreed to buy First State Bank of Van Orin in Van Orin, Ill. The banks did not disclose the pricing. The deal is expected to close in the third quarter. JoAnna Engels, president and CEO of State Bank of Cherry, said in the announcement that she "looks forward to working with the Van Orin, Malden and surrounding communities for years to come”.

Coastal Carolina Bancshares in Myrtle Beach, S.C., has agreed to buy Beacon Holding Co. in Charleston, S.C. Coastal Carolina said in a press release that it will exchange stock for the parent of Beacon Community Bank. The deal is expected to close in the third or fourth quarter. The combined bank will be rebranded as Beacon Bank. Coastal will have eight of the board's 15 seats. Laurence Bolchoz will remain

Orion Financial in Memphis, Tenn., is looking to disrupt the status quo among vendor management consultants with an effort led by former executives from an established firm. Mark Mrva, who recently joined Orion from Strategic Resource Management, wrote on LinkedIn that the credit union had formed WonderLab Advisors, a new firm designed to help credit unions assess vendor programs, improve third-party spend, strengthen procurement governance, and build scalable sourcing processes. Ben

Scotiabank in Toronto has agreed to buy Maple Financial Holdings in Tulsa, Okla. The Canadian bank did not disclose how much it will pay for the parent of the $1 billion-asset MapleMark Bank. Most of the bank's deposits are in the Dallas area. The acquisition "allows Scotiabank to offer FDIC deposit insurance to our clients, which is important for our mortgage capital markets business and our deposit growth strategy," Travis

SoFi bought Peach Finance, a California fintech that provides loan management and servicing software to financial institutions. The price wasn't disclosed. Peach, founded in 2018 by Eddie O., Eran Sandler, and Gur Brosh, has raised $35.8 million in total funding, backed by SciFi VC, Caffeinated Capital, Background Capital, Nyca Partners, and Canapi Ventures. Its raised $10.3 million in a Series B round in October 2024. Peach will become part of