Totem Technologies, a challenger bank focused on the Native American community, has shut down. Amber Buker, the company’s founder and CEO, shared the news in a LinkedIn post. “We've already shared the news with our customers and tribal partners, but this will be the first time many of our stakeholders may be hearing that Totem has come to the end of its road,” she wrote. Total raised $2.2 million in

The Mission Driven Bank Fund in Cleveland, which recently raised $65 million, has invested in two community banks. The fund said in a press release that it invested in Neighborhood National Bank in El Cajon, Calif., and Anchor Bank in Palm Beach Gardens, Fla. The amounts were not disclosed. The $151 million-asset Neighborhood is a community development financial institution while the $351 million-asset Anchor is a minority depository institution. "Neighborhood

Pendleton Community Bank in Franklin, W.Va., has a new president. The $764 million-asset bank said in a press release that Neil Hayslett had taken on the role. Hayslett, who will remain chief operating officer, succeeded William Loving, who remains CEO. “PCB continues to expand our reach and grow our brand throughout our communities and Neil has been an instrumental part of that success,” Loving said in the release. “As we

Zeal Credit Union in Livonia, Mich., has invested in fintech CU WealthNext. The $824 million-asset credit union did not disclose the size of the investment. “Joining CU WealthNext as an owner is an exciting opportunity,” Julie Kreinbring, Zeal’s president and CEO, said in a press release. “We believe that leveraging advanced wealthtech solutions is essential for the future of financial services,” Kreinbring added. “This partnership allows us to provide our

Star Bank in Maple Lake, Minn., has a new CEO following the death of its founder. The $390.1 million-asset unit of MidWest Bancorp. said in a press release that Katie Wahlquist succeeded her father, Harry Walhquist, who died on July 19. Wahlquist, who will remain president, had also been the bank’s chief strategy officer.

Peoples Bancorp of North Carolina in Newton has lined up its next leader.   The $1.6 billion-asset company said in a press release that Bill Cable will become president and CEO on Sept. 19. Cable will succeed Lance Sellers, who will retire early next year.   Cable, who joined the company in 1995, has been chief operating officer since 2000.   “I am delighted with the Board’s choice of Bill,”

Mid-Atlantic Federal Credit Union in Germantown, Md., will soon have a new CEO. The $425 million-asset credit union said in a press release that Tamara Schiavone will also become its president on Aug. 1. Schiavone, who was the credit union’s chief financial officer, will succeed Bill Brooks.

The parent company of American Savings Bank is considering strategic options for the Honolulu bank. The $9.3 billion-asset bank lost $45.8 million in the second quarter, which included a $66.1 million goodwill impairment charge. The bank said the charge is tied to its market valuation and acquisitions that took place in the 1980s and 1990s. The noncash impairment has no impact on the bank’s liquidity. Hawaiian Electric Industries said there