United Prairie Bank in Mountain Lake, Minn., has a new CEO. Scott Miller announced on his LinkedIn account that he had also become the $879.2 million-asset bank’s president. Miller, who was already on the bank’s board, previously served as a partner at Debt Advisors Network.

New York Community Bancorp in Hicksville just sold $899 million of consumer loans and shed more light on its recently disclosed material weakness. The $114.1 billion-asset company said in its annual report that it recently sold the consumer loans and a commercial co-op loan. The pricing wasn’t disclosed. The filing shared more insight into the company’s material weakness, which was originally disclosed in late February. “We did not sufficiently maintain

Three New Orleans area mutual banks are planning to convert to stock-owned companies. The $1.1 billion-asset Fidelity Bank and the $481 million-asset Fifth District Savings Bank have already disclosed their plans in regulatory filings, while Mutual Savings and Loan in Metairie, La., announced its planned conversion in a press release. Fidelity created FB Bancorp for the purpose of converting. The bank plans to raise around $128 million to $173 million

A prominent activist investor is looking to win a board seat at Peoples Financial in Biloxi, Miss.   Stilwell Associates disclosed in a regulatory filing that it plans to nominate Stewart Peck to stand for election at the $798 million-asset Peoples’ April 24 annual meeting.   Peck is senior counsel at Lugenbuhl, Wheaton, Peck, Rankin & Hubbard, a law firm with offices in New Orleans; Houston; Baton Rouge, La.; and

A group has formed a blank-check company in hopes of buying failed banks. The Office of the Comptroller of the Currency in December granted conditional approval for Porticoes National Bank with an understanding that the group will apply for Federal Reserve membership and obtain deposit insurance. Final approval “will not be granted unless all pre-opening requirements and conditions are met and the review factors required under the Bank Merger Act

Spring Bank in Brookfield, Wis., has a new CEO. The $365 million-asset bank said that Heather Nelson succeeded founding CEO David Schuelke. Spring Bank was formed in 2008. Nelson, who had been the bank’s president since January 2023, also joined the board.

Dime Community Bancshares in Hauppauge, N.Y., has launched a national deposits group. The $13.6 billion-asset company said in a press release that the group will focus on areas such as death care services, escrow servicing, family offices, software and third-party payment processors. Martin Ball, who was head of national deposits at Bank OZK, was named head of national deposits. Glen Carballo, formerly vice president in the national deposits group at

East Wisconsin Savings Bank in Kaukauna is planning to convert from a mutual holding company to a stock holding company.   The $263 million-asset bank said in a regulatory filing that EWSB Bancorp, a newly formed holding company, plans to sell about 1 million shares of stock.   EWSB must sell at least $743,750 shares and it could sell up to 1.16 million shares if there is enough demand.   Net