Marquette National in Chicago has a new leader. The $2 billion-asset company said in a press release that Betty Harn also became its president. Harn, who was an executive vice president, succeeded George Moncada, who will remain a senior advisor and director. "Betty's leadership, strategic thinking and dedication are key attributes that will guide her successfully as president and CEO," Paul McCarthy, the company's chairman, said in the release. "She

BayFirst Financial in St. Petersburg, Fla., has ended an SBA lending program and suspended quarterly dividends. The $1.3 billion-asset company said in a press release that it had discontinued its Bolt 7(a) SBA program. The program was designed to provide expedited small balance loans to small businesses, typically used for working capital. BayFirst said it is reviewing how it can strengthen its core SBA 7(a) offerings, improve operations, and adapt

Simmons First National in Pine Bluff, Ark., will have a new leader next year. The company said in a press release that George Makris Jr. will retire on Dec. 31. Jay Brogdon, the company's president, will become CEO and join the board on Jan. 1. Marty Casteel, a former chairman, CEO, and president of Simmons Bank, will become chairman on Jan. 1. “We are very thankful to George for his decade-plus

Adriana Kugler is resigning as governor of the Federal Reserve Board. Kugler, who has been a governor since September 2023, will step down on Aug. 8. She plans to return to Georgetown University as a professor this fall. "It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System," Kugler said in her resignation letter. "I am especially honored to have

Fulton Financial in Lancaster, Pa., announced that its president is retiring. The $32 billion-asset company said in a press release that Angela Snyder will retire on Dec. 31. There was no announcement about her successor. "Throughout her time at Fulton, Angela has been a pillar of strength, vision, and integrity. Her leadership has helped shape who we are today, and her impact will be felt for years to come," Chairman

A director of Mode Eleven Bancorp was the highest bidder for its bank. Summit National Bank in Hulett, Wyo., was put up for auction as part of a bankruptcy process. Court documents revealed that Victor Remsha had the highest bid, at about $5.5 million. Mode Eleven filed for Chapter 11 bankruptcy protection on June 9 and was working with Hovde Group to find a buyer for its $91.5 million-asset Summit

Charlie Scharf is set to become chairman of Wells Fargo after navigating the San Francisco company out of several regulatory orders. The $2 trillion-asset Wells said in a press release that its board intends to appoint Scharf, the company's CEO, to become chair. The board said it plans to appoint a lead independent director in conjunction with the move. Scharf also received a one-time special equity grant consisting of $30

Oconee State Bank in Watkinsville, Ga., recruited a veteran banker as market president for Middle Georgia. The $646 million-asset bank hired Andy Flowers to fill the position. Flowers just stepped down as president of American Pride Bank in Macon, Ga. "Leaving American Pride is bittersweet but looking forward to the next chapter of my life," Flowers wrote in a LinkedIn post on his last day at the bank.