Georgia Banking Co. in Atlanta has agreed to buy Primary Bancshares in Atlanta. The $2 billion-asset Georgia Banking said in a press release that it will pay $27 million in cash and stock for the parent of the $352 million-asset Georgia Primary Bank. The deal is expected to close in the first half of next year. Georgia Primary has two branches, $320 million in deposits and $256 million in loans.

Jim Reuter's retirement didn't last long. The $30.2 billion-asset First Interstate BancSystem in Billings, Mont., hired Reuter to become its president and CEO, effective Nov. 1. He will succeed Kevin Riley, who had announced plans to retire. Reuter retired as president and CEO of FirstBank Holding in March. “Having spent more than 37 years in the banking industry, Jim is a proven leader with a strong track record of developing

Hills Bancorp. in Hills, Iowa, will start next year with a new leader. The $4.3 billion-asset company said in a press release that Lisa Shileny will become its CEO on Jan. 1. Shileny, the bank's president and chief operating officer, will succeed Dwight Seegmiller, who plans to fully retire in April. Seegmiller has led the company for 38 years.

Isabella Bank Corp. in Mt. Pleasant, Mich., disclosed about $5.6 million in exposure to two customers. The $2.1 billion-asset company said in a regulatory filing that it had been exposed to a $1.6 million loss tied to a single customer with negative balances on deposit accounts. "The financial impact could be lower and will depend ... on the bank's success in its efforts to recover the funds," the filing said.

LendingClub in San Francisco and Pagaya Technologies in New York have partnered to buy the intellectual property behind the now-defunct Tally Technologies. Tally's consumer solution let users link credit cards, automate card payments and adopt strategies to lower interest costs and avoid late fees. The company also created an embedded, white-label B2B credit card debt management platform. LendingClub said in a press release that the deal will accelerate the evolution

HAPO Community Credit Union in Richland, Wash., has agreed to buy Community First Bank in Kennewick, Wash. The $2.3 billion-asset credit union said in a press release that it plans to buy the $632 million-asset Community First in the third quarter of 2025. The price wasn't disclosed. HFG Trust, a unit of Community First, will be restructured as an independent entity. HAPO will enter a strategic partnership with HFG Trust to

Grasshopper Bank in New York has agreed to buy Auto Club Trust in Dearborn, Mich. The $835 million-asset Grasshopper said in a press release that it will raise about $35 million in conjunction with the acquisition. The deal is expected to close in the first half of next year. The price wasn't disclosed. The $485 million-asset Auto Club Trust is a federal savings bank owned by The Auto Club Group.

Stryv Bank in Wichita, Kan., has a new president. The $236 million-asset bank said in a press release that Zach Weast succeeded Cuy Mauck, who remains CEO. Weast, who joined Stryv in 2018, was the bank's executive vice president, according to his LinkedIn profile. Stryv was created in September 2021 when Chisholm Trail State Bank rebranded.