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

Payments firm Stripe bought Lemon Squeezy, a Salt Lake City digital sales software company. Lemon Squeezy, which helps merchants sell products, disclosed the sale in a blog post. The price wasn’t disclosed. The companies’ goals are “perfectly aligned,” J.R. Farr, Lemon Squeezy’s co-founder and CEO, said in a blog post. “Stripe continues to set the bar in the payments industry with its world-class developer experience, API standards, and dedication to beauty and

NATCOM Bancshares in Superior, Wis., has agreed to buy Great River Holding Co. in Baxter, Minn. NATCOM, the parent of the $1.4 billion-asset National Bank of Commerce said in a press release that it will buy the holding company for the $625 million-asset RiverWood Bank for an undisclosed amount of cash. The deal is expected to close late this year or early 2025. RiverWood has 11 branches, while National Bank

MVB Financial in Fairmont, W.Va., began the process of shutting down its digital asset program. The $3.3 billion-asset company said its second-quarter earnings fell by nearly 50% from a year earlier, largely reflecting its decision to end the program. MVB cited changing market conditions and profitability challenges. The decision cut into the company’s second-quarter net income by 8 cents a share. Total deposits also fell by 8.3% from a quarter