Climate First Bancorp in Orlando, Fla., is planning to raise more capital. The $600 million-asset company said in press release that it will run the capital raise through September. The bank, which opened in 2021 after raising $44 million, will shed its de novo status in June. The bank is looking to raise $100 million, according to the Tampa Bay Business Journal. “This next round will propel us into the

South Ottumwa Savings Bank in Ottumwa, Iowa, has a new president. The $547 million-asset bank said that Natalie Bolin had taken over the position. She has been the bank’s senior vice president of operations and chief financial officer. “Natalie has played a crucial role in the success of South Ottumwa Savings Bank,” Teri Messerschmitt, the bank’s chairman and CEO, said in a press release. “She brings a wealth of knowledge

Cadance Bank has shuffled several high-level executives. The $50 billion-asset bank said in a press release that Hank Holmes, its chief banking officer, is leaving to pursue opportunities tied to entrepreneurship, start-ups and building organizations. Holmes will serve as a special adviser to Billy Braddock, who succeeded him as chief banking officer, until June 30. Braddock was the bank’s chief credit officer. He will be succeeded by Chris Bagley, who

Union State Bank in Greenfield, Iowa, has agreed to buy Exchange State Bank in Adair, Iowa. The $96.5 million-asset Union State filed its application with Federal Deposit Insurance Corp. on March 29 to buy the $39 million-asset Exchange State. The deal is expected to close in the second quarter. The price wasn’t disclosed. “It was important to the bank’s shareholders in 2007 that we maintain a locally-owned, locally-managed bank to

FinWise Bancorp in Murray, Utah, has a new president. The $586.2 million-asset company disclosed in a regulatory filing that James Noone will remain president of unit FinWise Bank. He succeeded Kent Landvatter, who remains chairman and CEO. Separately, Finwise hired Robert Wahlman as chief financial officer. Wahlman, who previously served as CFO at Axiom Bancorp, succeeded Javvis Jacobson. Jacobson remains the company’s treasurer.

OptimumBank Holdings in Ft. Lauderdale, Fla., raised nearly $8 million by selling common and preferred stock.   The $791 million-asset company disclosed in a regulatory filing that it entered into subscription agreements with six investors to sell 1.5 million shares of common stock and 526,000 preferred shares.   OptimumBank also entered into registration rights agreements with five of the investors, requiring the company to register 1.4 million shares of common

Five Star Bancorp in Rancho Cordova, Calif., is looking to raise about $71 million from selling common stock. The $3.6 billion-asset company said in a press release that it should complete the offering on April 1. Five Star plans to use the offering’s net proceeds for general corporate purposes and to support continued growth. Keefe, Bruyette & Woods was the bookrunner; Stephen and D.A. Davidson & were co-managers.

Old National Bancorp in Evansville, Ind., has put its chief financial officer on leave following his arrest on child molestation charges. The $52.4 billion-asset company disclosed in a regulatory filing that its board placed Brendon Falconer on leave after becoming "aware of a situation involving … Falconer relating to a personal matter unrelated to the company." Multiple news outlets recently reported that Falconer was charged with two counts of child