Wildfire Credit Union in Saginaw, Mich., has a new leader. The $1 billion-asset credit union said in a press release that Benjamin Denay had become its president and CEO. He succeeded Tim Benecke, who retired. Denay previously served as chief financial officer of Gateway Financial Solutions, a Saginaw, Mich., consumer auto finance company. “Ben has the experience and long track record of leadership and success in the financial services sector

SESLOC Credit Union in San Luis Obispo, Calif., has lined up its next CEO. The $1.1 billion-asset credit union said in a press release that Mike Quamma will also become president when Geri LaChance retires in June. Quamma is SESCLOC’s chief financial officer. “It’s hard to aptly summarize the legacy Geri will leave at SESLOC after 12 years at the helm of the credit union,” Tom Lebens, SESLOC’s chairman, said

GreenState Credit Union in North Liberty, Iowa, has a new CEO. The $11 billion-asset credit union said in a press release that it hired Vikram Israni. He previously served as chief financial officer at Wings Credit Union in Apple Valley, Minn. GreenState worked with Spencer Stuart to conduct a nationwide search to replace Jeff Disterhoft, who retired. Todd Fanning, GreenState’s CFO, had been serving as interim CEO. “The board was

New York Community Bancorp in Hicksville is looking to ease concerns about its balance sheet and management team. The $116.3 billion-asset company said in a press release that it has been engaged in “an orderly process” to hire a chief risk officer and chief audit executive with large bank experience. “We currently have qualified personnel filling those positions on an interim basis,” Thomas Cangemi, the company’s president and CEO, said

The Federal Reserve terminated an enforcement action with Farmington State Bank in Washington. The Fed said that it ended the July 2023 enforcement action because Farmington, which once had ties to collapsed crypto exchange FTX, had “completed its wind-down plan and no longer functions as a bank.” Farmington gained notoriety when it rebranded as Moonstone Bank and began dealing in crypto. It was later disclosed that the bank had received

Star Bank in Maple Lake, Minn., has applied to buy Community Development Bank in Hancock, Minn. The $380 million-asset Star filed its application to buy the $189 million-asset Community Development Bank on Friday. The purchase is expected to close in late March. The price wasn’t disclosed. “We are excited about this opportunity to expand our service into Hancock,” Harry Wahlquist, Star’s CEO, said in a press release. “I anticipate a

UMB Financial in Kansas City, Mo., has a new president.   The $44 billion-asset company said in a press release that Jim Rine succeeded Mariner Kemper, who is still chairman and CEO. Rine will remain president and CEO of UMB Bank. “During his nearly three decades at UMB, he has helped our company grow, steered us through challenging times, and been a mentor and coach to many, including several of

NorthEast Community Bancorp in White Plains, N.Y., has sold its wealth management division. The $1.8 billion-asset company said in a press release that it sold Harbor West Wealth Management in December to an unnamed third party. The price wasn’t disclosed. As a result, goodwill fell to zero on Dec. 31 from $200,000 a year earlier. NorthEast Community bought the business in 2007. It offered investment advisory and financial planning services