Chime in San Francisco has acquired Salt Labs, which provides incentive programs for businesses and employee rewards. The Salt Labs team, led by founder and CEO Jason Lee, and its offerings will become a part of Chime. Chime also said it will gain immediate access to Salt Labs’ enterprise client relationships. Lee will lead a new business unit called Chime Enterprise. Financial terms were not disclosed. “This is a one-of-a-kind

The Bank of North Dakota, the only state-owned bank in the U.S., is looking for a new leader. Todd Steinwand resigned as the bank’s president and CEO, effective July 2. He took over the top post in July 2021. Rob Pfennig, the bank’s chief financial officer, was named interim president and CEO, while a search is conducted for a permanent replacement. “My eight years with BND have been the most

Hustisford State Bank in Wisconsin has a new CEO. The $80 million-asset bank said in a press release that Tanya Ewert will also remain its chief financial officer. Ewert’s “journey from within the ranks to the helm of the organization is a testament to her unwavering passion for our town and its residents,” the bank said in the release.

Merchants National Bank in Hillsboro, Ohio, has a new president. The $1.3 billion-asset bank said in a press release that Denise Fauber had taken on the role. She succeeded Paul Pence, who remains chairman and CEO. Fauber will remain chief operating officer. “Denise’s leadership and guidance to translate strategy into actionable steps for growth are key factors in the bank’s asset size doubling since she joined the team in 2016,”

Bank Midwest in Spirit Lake, Iowa, has formed a digital bank to focus on the healthcare industry. The $1.3 billion-asset bank debuted OnePlace.bank after working with Finastra on the project. Bank Midwest said the digital bank represents “a natural progression” of its OnePlace Capital business, which serves dental, medical and veterinary practices. The digital bank will provide loans, along with services tied to deposits and treasury management.

Evolve Bancorp in West Memphis, Ark., confirmed that it was the victim of a cyberattack. The $1.6 billion-asset company, which was recently hit with an enforcement action from the Federal Reserve, announced on social media that “a known cybercriminal organization” had released “illegally obtained” data. “We take this matter extremely seriously and are working tirelessly to address the situation,” the company said. “Evolve has engaged the appropriate law enforcement authorities

United Fidelity Bank in Evansville, Ind., and its parent companies are now operating under a cease-and-desist order from the Federal Reserve. The C&D order is tied to the $6.4 billion-asset bank’s capital planning, risk management, contingency funding and oversight by senior executives and directors. United agreed to file a strategic plan for addressing the issues within 60 days. The order also applies to Fidelity Federal Bancorp and Pedcor Financial Bancorp. United

Funding Circle has agreed to sell its U.S. business to iBusiness Funding, a unit of Ready Capital. The U.K. company said in a press release that it will sell the business for about $41.7 million in cash. The deal includes all loan portfolios; Funding Circle expects to generate a $12.6 million gain from the sale. “In March, I announced that we were simplifying the business by exiting the U.S. and