North Valley Bancshares in Zanesville, Ohio, has agreed to buy Commodore Financial Network in Somerset, Ohio. The deal is expected to close in the second or third quarter. The price of the all-cash deal wasn’t disclosed. The acquisition “aligns perfectly with our vision of expanding our footprint and enhancing our ability to deliver exceptional financial services to even more individuals and businesses while pursuing our vision of Building Better Communities,”

Beacon Credit Union in Wabash, Ind., has agreed to buy Mid-Southern Savings Bank in Salem, Ind.. The deal is expected to close in the fourth quarter; the price wasn’t disclosed. MSB has three branches and two loan production offices. “We’re excited to bring the benefits of Beacon Credit Union to Mid-Southern Savings Bank’s customers and communities” Dustin Cuttriss, Beacon Credit Union president and CEO, said in a press release. “This

New York Community Bancorp in Hicksville has filled two high-profile vacancies. The $113.9 billion-asset company said in a press release that it hired George Buchanan III as its chief risk officer and Colleen McCullum as chief audit executive. Buchanan previously served in the credit review area at Regions Financial. McCullum was chief audit executive at United Community Bank. "Over the last three weeks since being appointed as executive chairman, the company

Primis Financial in McLean, Va., will restate three quarters of financial statements – and amend a fourth – to address accounting issues. The $3.9 billion-asset company disclosed in a regulatory filing that, following discussions with its accounting firm, it will restate filings for the first three quarters of 2023. The issue is tied to $33.7 million of loans transferred by Primis Bank to other financial institutions. The company determined that

Metropolitan Bank Holding in New York is getting out of Banking-as-a-Service. The $7.1 billion-asset company disclosed in a regulatory filing that it decided early this year to exit all BaaS relationships. Metropolitan said that deposits obtained through BaaS relationships totaled $781 million, or 13.6% of deposits, at Dec. 31. Though Metropolitan expects “minimal financial impact” from the exit, the filing cautioned that the bank may have to seek “alternative and

New York Community Bancorp in Hicksville said that Thomas Cangemi had resigned as president and CEO, it had identified a material weakness, and that a goodwill impairment charge had deepened its fourth-quarter loss by $2.4 billion. The $116.3 billion-asset company disclosed in a regulatory filing that Cangemi will remain on its board. His departure “was not the result, in whole or in part, of any disagreement with the company on

Indiana State University Federal Credit Union in Terre Haute is looking for a CEO. The $130 million-asset credit union said that Marie Shanks will also retire as president this fall. Shanks has been president and CEO since 2021.

A group has terminated an agreement to invest in Republic First Bancorp in Philadelphia. The group, which includes George Norcross III, Gregory Braca and Philip Norcross, agreed in September to invest $35 million in the $6.2 billion-asset Republic. The plan was for Republic will raise another $40 million from other investors. Republic First disclosed in a Wednesday regulatory filing that the Braca-Norcross group opted to terminate the deal because it