Laser Digital Americas Group Holdings, the digital asset unit of Nomura Group, is the latest entity to pursue a national trust bank charter. The proposed Laser Digital National Trust Bank would be supervised by the Office of the Comptroller of the Currency. The proposed trust bank would serve institutional customers by offering custody of digital assets integrated with spot trading of crypto and fiat currencies. "Institutional digital asset markets are

Milestone Bank in Salt Lake City has a new leader. The bank said in a press release that Mark Yung had become its chairman, CEO and president. He will also serve as CEO of Milestone Capital Partners. “I’m excited to join Milestone Bank at such a pivotal moment of its growth trajectory,” Yung said in the release. “The bank has achieved strong growth by moving with speed and being committed

First Financial in Abilene, Texas, has a new leader. The company said in a press release that David Bailey had become its CEO. Bailey, who remains the company's president, succeeded Scott Dueser, who will remain chairman until the 2028 annual meeting. Bailey "is extremely qualified to lead the company with his deep knowledge of the industry, his commitment for excellence and customer service, history of rising through the ranks ... his vision

Prosperity Bancshares in Houston has agreed to buy Stellar Bancorp in Houston. The $38.5 billion-asset Prosperity said in a press release that it will pay $2 billion in cash and stock for the $10.8 billion-asset Stellar. The deal, which is expected to close in the second quarter, priced Stellar at 181% of its tangible book value. Stellar has 52 branches, $7.3 billion in loans, and $9 billion in deposits. Robert

U.S. Bancorp in Minneapolis is close to completing its management succession. The $692 billion-asset company said in a press release that Gunjan Kedia will become its chairman at April's annual meeting. Kedia, who became CEO in April 2025, will succeed Andy Cecere, who is retiring from the board. Roland Hernandez will remain lead independent director. “Gunjan is a remarkable leader who is well-respected by the Board, her team and our

Walpole Co-operative Bank in Massachusetts has a new leader. The bank said in a press release that Patrick Cucinotta will become president and CEO on Feb. 1. Cucinotta, the bank's chief financial officer and treasurer, will succeed Paul Chaggaris, who is retiring. “A results-driven leader, Cucinotta exemplifies the values that guide Walpole Co-operative Bank’s mission to strengthen local communities and create positive impacts on people’s lives. I am confident that

Stock Yards Bancorp in Louisville, Ky., has agreed to buy Field and Main Bancorp in Henderson, Ky. The $9.5 billion-asset Stock Yards said in a press release that it will pay $105.7 million in stock for the $861 million-asset Field and Main. The deal, which is expected to close in the second quarter, priced Field and Main at 150% of its tangible book value. The deal will accelerate Stock Yards’

First Busey in Leawood, Kan., parted ways with its president. The company disclosed in a regulatory filing that Michael Maddox had also stepped down as its vice chairman and as president and CEO of its bank. He also resigned from the company's board. Maddox, who was president and CEO of CrossFirst Bankshares, will receive nearly $4.4 million in cash severance, representing the base salary and annual bonuses he would have