Warsaw Federal Savings & Loan in Cincinnati raised $5 million as part of a plan to become a minority depository institution. The $105 million-asset mutual said in a press release that it sold 8% non-cumulative additional Tier 1 capital instruments to investors. Warsaw Federal plans to use the net proceeds to provide “focused financial services, tools and education to promote economic opportunity and financial equity.” "The new capital will provide support

MountainSeed Real Estate Services entered into a sale-leaseback transaction with 1st Federal Savings Bank of SC in Walterboro. The $164 million-asset 1st Federal sold properties that included its headquarters to MountainSeed for an undisclosed amount. The bank will lease the properties for an initial 15-year term with an option for another 15 years. “We are excited and thankful for the opportunity to partner with 1st Federal Savings Bank of SC,”

National Bank Holdings in Denver has a new president. The $9.97 billion-asset company said in a press release that Aldis Birkans had succeeded Tim Laney, who remains chairman and CEO. Birkans, who will have oversight of the company’s business lines, was chief financial officer. Nicole Van Denabeele, who had been chief accounting officer, was named CFO. Emily Gooden was named chief accounting officer and will remain investor relations director. “I’m

Camden National in Camden, Maine, has agreed to buy Northway Financial in North Conway, N.H. The $5.7 billion-asset Camden National said in a press release that it will pay $86.6 million in stock for the parent of the $1.3 billion-asset Northway Bank. The deal, which is expected to close in the first quarter, priced Northway at 139% of its tangible book value. “This union will increase our size and scale,

Huntington Bancshares in Columbus, Ohio, is planning a major push into the Carolinas and into corporate mortgage finance. The $196 billion-asset company said in a press release that it plans to hire 350 people and open 55 branches in North and South Carolina over the next five years. Separately, the company said recent hire Ken Logan will oversee a push into corporate mortgage finance. He recently worked at Signature Bank. Huntington

Simone Lagomarsino is taking on even more responsibility at First Foundation in Dallas. The $13.6 billion-asset company disclosed in a press release that Lagomarsino had become its president, succeeding Scott Kavanaugh. She had already been named the bank’s president as part of a recent capital raise. Kavanaugh remains the company’s CEO. First Foundation raised $228 million this summer in a a deal that will help it lower its concentration of

NBT Bancorp in Norwich, N.Y., has agreed to buy Evans Bancorp in Williamsville, N.Y. The $13.5 billion-asset NBT said in a press release that it will pay $236 million in stock for the $2.3 billion-asset Evans. The deal is expected to close in the second quarter. “We are confident [the acquisition] is a high-quality and incredibly impactful way to expand NBT’s presence into western New York,” Scott Kingsley, NBT’s president

KeyCorp in Cleveland repositioned its balance sheet. The company, which recently agreed to sell a big stake in itself to Scotiabank, sold $7 billion of low-yielding securities at an after-tax loss of $700 million. The securities that were sold had a weighted average book yield of about 2.3% and an average duration of roughly six years. The first $800 million tranche of Scotiabank’s investment recently closed.