Franklin Financial Services in Chambersburg, Pa., has selected its next CEO. The $2.2 billion-asset company disclosed in a regulatory filing that Craig Best had become its president. He will succeed the retiring Timothy Henry as CEO on April 29. Best, who stepped down as CEO at Peoples Financial Services last month, will join Franklin's board. He will receive a $523,000 annual salary and up to $50,000 in relocation expenses.

JPMorgan Chase in New York is shuffling managerial chairs before Daniel Pinto retires. The company said in a press release that Pinto will step down as president and chief operating officer on June 30. He will remain vice chairman until he fully retires at the end of 2026. Jennifer Piepszak will become COO. She is co-CEO of the commercial and investment bank. Doug Petno, co-head of global banking, will succeed

The Consumer Financial Protection Bureau has accused Capital One Financial in McLean, Va., of illegally avoiding paying more than $2 billion in interest to customers who had its high-interest savings account. The CFPB, in a lawsuit filed in U.S. District Court for the Eastern District of Virginia, claimed that the $354 billion-asset company promised depositors that its 360 Savings account provided one of the nation's "top," "best" and "highest" interest

Guaranty Bank has a new president. The $2 billion-asset bank, a unit of QCR Holdings in Moline, Ill., said in a press release that Becky Scorse had taken on the role. She will remain the bank's chief lending officer. “Becky’s exceptional leadership and deep understanding of our market have been instrumental in Guaranty Bank’s growth and success,” Monte McNew, Guaranty's CEO, said in the release. “Her dedication to our team,

Mechanics Bank in Walnut Creek, Calif., has removed "interim" from its CEO's title. The $17 billion-asset bank said in a press release that C.J. Johnson is its permanent president and CEO. The bank's former chief financial officer, Johnson has been interim president and CEO since February 2024. “C.J. is a strong leader who knows our business, employees and clients well,” Carl Webb, the bank's chairman, said in the release. “He

Glacier Bancorp in Kalispell, Mont., has agreed to buy Bank of Idaho Holding Co. in Idaho Falls. The $28.2 billion-asset Glacier said in a press release that it will pay $245.4 million in stock for the $1.3 billion-asset Bank of Idaho. The deal, which is expected to close in the second quarter, priced the seller at 191.9% of its tangible book value. Bank of Idaho has 15 branches, three mortgage

SouthState in Winter Haven, Fla., entered into a sale-leaseback transaction involving 170 branches. The $65 billion-asset company, which recently bought Independent Bank in Texas, said in a press release that it will sell the locations to Blue Owl Real Estate Capital for $475 million. South State said it will report a $225 million pretax gain in the first quarter, when the deal closes. The proceeds are anticipated to be used

CNB Financial in Clearfield, Pa., has agreed to buy ESSA Bancorp in Stroudsburg, Pa. The $6.3 billion-asset CNB said in a press release that it will pay $214 million in stock for the $2.2 billion-asset ESSA. The deal, which is expected to close in the third quarter, priced ESSA at 99% of its tangible book value. ESSA, which has 20 branches, will operate as a division of CNB Bank. CNB