JD Bancshares in Jennings, La., has a president. The $1.2 billion-asset company said in a press release that Paul Brummett II had also become CEO of JD Bank. He also joined the boards of the company and the bank. Brummet, who has been chief financial officer, succeeded Bruce Elder, who has led the company since 2019. Separately, Jimmy LeBlanc was named the bank's president and chief banking officer. He has

SVB Financial Group in Santa Clara, Calif., sold its investment platform business. The former holding company to Silicon Valley Bank, which failed last year, said in a press release that it sold SVB Capital to affiliates of Pinegrove Capital Partners, backed by evergreen capital from Brookfield Asset Management and Sequoia Heritage. The consideration included cash and other economic interests. MoffettNathanson, a sell-side research business owned by SVB Financial, was not

CNB Community Bancorp in Hillsdale, Mich., will buy 145,000 shares of its common stock after completing a tender offer. The $1.2 billion-asset company said in a press release that it paid about $5.6 million, or $38.50 a share, for the tendered shares. The stock represented about 6.5% of the company's shares outstanding. Overall, shareholders were willing to tender about 188,000 shares.

Interstate Bank in Perryton, Texas, has a new leader. The $264 million-asset bank said in a press release that Blair Berg had become its chairman and CEO. Berg, who was the bank's chief financial officer, succeeded Danny Skarda, who retired. Skarda had been CEO since 1981.

Digital Federal Credit Union in Marlborough, Mass., and First Tech Federal Credit Union in San Jose, Calif., are planning a merger of equals that would create one of the nation's biggest credit unions. The $12 billion-asset Digital FCU and the $17 billion-asset First Tech said in a press release that they plan to complete their merger next year. The combined credit union would have nearly $29 billion of assets, more

Territorial Bancorp in Honolulu doubled down on its commitment to selling itself to Hope Bancorp in Los Angeles despite an increased offer from a shareholder group. The $2.2 billion-asset Territorial said in a press release that the offer from a group led by Allan Landon and Blue Hill Advisors has "so many unanswered questions" and "remains highly uncertain and inferior" to its existing agreement with the $18.1 billion-asset Hope. Territorial's

Byline Bancorp in Chicago has agreed to buy First Security Bancorp in Elmwook Park, Ill. The $9.6 billion-asset Byline said in a press release that it will pay $41 million in cash and stock for the $355 million-asset First Security. The deal, which is expected to close in the second quarter, priced First Security at 131% of its tangible book value. First Security has one branch, $201 million of loans

Ponce Financial Group in New York has expanded into Florida. The company said in a press release that it opened a representative office in Coral Gables. Jay Sanchez will split time between New Jersey and Florida as the new office's customer relationship officer. “Many of our customers have businesses in Florida or spend their winter months here, and the large Hispanic community perfectly fits one of our primary demographics," Ponce President