Strategic Insights into Banking & Fintech

FS Bancorp in Washington selects insider as bank CEO

FS Bancorp in Washington selects insider as bank CEO

FS Bancorp in Mountlake Terrace, Wash., will soon have a new bank CEO. The $3.2 billion-asset company said in a press release that Matthew Mullet will take on the role at 1st Security Bank on Sept. 1. Mullet, who will remain president of FS Bancorp and the bank, will succeed Joe Adams, who will remain the company's CEO. “This succession ... has been carefully planned by the board," Ted Leech, FS

August 15, 2025
SunMark to buy Wheeler Bancshares in Georgia

SunMark to buy Wheeler Bancshares in Georgia

SunMark Bancshares in Perry, Ga., has agreed to buy Wheeler Bancshares in Alamo, Ga. The $381.6 million-asset SunMark did not disclose how much it will pay for the parent of the $181.9 million-asset Wheeler County State Bank. Performance Trust Capital Partners, which announced the deal on LinkedIn, advised Wheeler.

August 15, 2025
Capitol Bank in Wisconsin has new CEO

Capitol Bank in Wisconsin has new CEO

Capitol Bank in Madison, Wis., has a new CEO. Ken Thompson shared on his LinkedIn account that he had retired, though he will remain executive chairman of the $640.1 million-asset bank. Justin Hart, who was president, is now CEO. "My journey with Capitol Bank has been nothing short of extraordinary," he wrote in a post. "Reflecting on nearly three decades of growth, I am filled with pride."

August 15, 2025
BOSP Bancshares to buy Banner Bancorp in Wisconsin

BOSP Bancshares to buy Banner Bancorp in Wisconsin

BOSP Bancshares in Sun Prairie, Wis., has agreed to buy Banner Bancorp in Birnamwood, Wis. BOSP, the parent of the $742 million-asset Bank of Sun Prairie, said in a press release that it plans to buy the holding company for the $126 million-asset Banner Banks in the fourth quarter. The price wasn't disclosed. D. Shannon Blakley, Banner's president and CEO, will serve as a consultant after the deal closes. “This

August 15, 2025
New Orleans group gets conditional FDIC approval to open bank

New Orleans group gets conditional FDIC approval to open bank

A group looking to form a bank in New Orleans has received conditional approval from the Federal Deposit Insurance Corp. Organizers of the proposed NOLA Bank must raise $26.4 million of initial capital. The bank, which was originally called InclusiveBANK before rebranding, is expected to open as a minority depository institution (MDI). Joe Omner is expected to serve as president and CEO. He was a former chief operating officer of

August 14, 2025
Organizers look to open de novo bank in Kentucky

Organizers look to open de novo bank in Kentucky

A group in Owensboro, Ky., is planning to form a bank. Organizers, operating as DC Storage LLC, have applied to the Federal Deposit Insurance Corp. to open Cornerstone Community Bank. The proposed de novo would focus on small and midsize businesses and their owners and employees, real estate investors and developers, and professionals. Kyle Aud, a former market president at German American Bank, would serve as CEO. Jonathan Lawson, a

August 13, 2025
Evolve Bank in Arkansas hires outsider as next CEO

Evolve Bank in Arkansas hires outsider as next CEO

Evolve Bank & Trust in West Memphis, Ark., has a new leader. The bank said that it hired Bob Hartheimer, a senior advisor at consulting firm Klaros Group, to become its CEO. Hartheimer, a director at CardWorks, also has experience at the Federal Deposit Insurance Corp. and Promontory Financial Group. The hiring "marks a turning point for Evolve,” Chairman Steve Valentine said in the release. Hartheimer "was selected for his

August 13, 2025
ENB Financial in Pennsylvania to buy Cecil Bancorp in Maryland

ENB Financial in Pennsylvania to buy Cecil Bancorp in Maryland

ENB Financial in Ephrata, Pa., has agreed to buy Cecil Bancorp in Elkton, Md. The $2.3 billion-asset ENB said in a press release that it will pay $30.8 million in cash for the $222 million-asset Cecil. The deal is expected to close in the first quarter. Cecil has four branches, $192 in deposits, and $163 million of loans. The acquisition "furthers ENB’s strategic plan of delivering consistent, profitable organic growth

August 13, 2025