Gouverneur Bancorp in Gouverneur, N.Y., has a new CEO.   The $204.9 million-asset company said in a press release that Robert Barlow was also named president of the company. He succeeded Charles Van Vleet Jr., who will remain president and CEO of GS&L Municipal Bank and assist with the executive transition.   Barlow was vice president of commercial and residential lending at Northern Credit Union in Watertown, N.Y.   “We

Integrated Financial Holdings, a government-guaranteed lender in Raleigh, N.C., has found a new buyer. The $548 million-asset parent of West Town Bank & Trust, which had a proposed sale to MVB Financial called off in May 2023, agreed to sell itself to Capital Bancorp in Rockville, Md. The $2.2 billion-asset Capital agreed to pay $66 million in cash and stock for Integrated Financial. Prior to closing, Integrated Financial is expected

BNA Bank in New Albany, Miss., has a new CEO. The $770 million-asset bank said that Mike Staten had succeeded Bo Collins, who retired. Staten has been the bank’s president since 2020. Collins had been CEO since 2013. Bob Spencer, the bank’s chief financial officer, will also serve as president. He will oversee the bank’s day-to-day operations and lead financial strategy and management.

LCNB Corp. has hired an investment bank to “begin evaluation” of the Lebanon, Ohio, company’s potential sale. The $2.3 billion-asset company, which is in the process of buying another bank, disclosed in a letter to the Securities and Exchange Commission that it hired Hovde Group in December to help it weigh its options. The disclosure was in response to a shareholder proposal by Philip Timyan that LCNB’s board hire an

First National in Strasburg, Va., has agreed to buy Touchstone Bankshares in Prince George, Va. The $1.4 billion-asset First National said in a press release that it will pay $47 million in stock for the $658.7 million-asset Touchstone. The deal, which is expected to close in the fourth quarter, priced Touchstone at 106% of its tangible book value. Touchstone has 12 branches, $508.8 million of loans and $542.2 million of

BOK Financial in Tulsa, Okla., plans to offset losses tied to a recent securities sale with proceeds from converting its Visa shares. The $48.2 billion-asset company disclosed in a regulatory filing that it sold about $783 million of debt securities at a $45 million pretax loss. It reinvested the proceeds into higher-yielding securities. The company said that, as a result, it will recognize a $34 million net charge to first-quarter

Organizers are planning a de novo bank in Culver City, Calif. A group filed an application earlier this year with the Federal Deposit Insurance Corp. for Culver Community Bank. The Bank Slate recently obtained the redacted version of the application. Benjamin Donel is listed as the proposed bank’s chairman. He is the managing member of Sunset Equity Funding, a private asset firm that buys loans that are in default and

A group of Korean-Americans is looking to form a new bank in Los Angeles. Organizers of QIB Bank applied on March 8 with the Federal Deposit Insurance Corp. The group is looking to raise $35 million to form a minority-depository institution. “The bank intends to operate as a full-service commercial bank providing a wide range of traditional banking products and services to businesses and individuals in its market area, with