Strategic Insights into Banking & Fintech

Landmark Credit Union agrees to buy American National Bank-Fox Cities

Landmark Credit Union agrees to buy American National Bank-Fox Cities

Landmark Credit Union in Milwaukee has agreed to buy American National Bank-Fox Cities in Appleton, Wis. The$7 billion-asset credit union said in a press release that it expects to buy the $419 million-asset bank from parent American National Bancorp in the second half of this year. The price wasn't disclosed. "This acquisition represents a meaningful step forward in our commitment to deepen our presence in key Wisconsin markets," Timothy Mackay,

March 10, 2026
Union Bank in Vermont hires MVB exec as new CEO

Union Bank in Vermont hires MVB exec as new CEO

Union Bank in Morrisville, Vt., has a new leader. The $1.6 billion-asset unit of Union Bankshares said in a press release that Jeff Weidley had become its president and CEO after an extensive search process. Weidley succeeded David Silverman, who retired. Weidley recently served as chief deposit officer at MVB Bank. “Union Bank has always believed that staying local doesn’t mean standing still,” Neil Van Dyke, the bank's chairman, said

March 10, 2026
Carver in N.Y. rejects activist effort to vie for two board seats

Carver in N.Y. rejects activist effort to vie for two board seats

Carver Bancorp in New York has rejected a new attempt by activist investor Dream Chasers Capital Group to nominate candidates to the board, the latest development in a long-running governance dispute. Carver said in a press release that Dream Chasers’ latest nomination notice failed to comply with the advance notice provisions outlined in the bank's bylaws, preventing the activist from presenting director candidates at the upcoming annual meeting. Carver said

March 9, 2026
Former Spirit of Texas CEO leading group looking to buy Houston bank

Former Spirit of Texas CEO leading group looking to buy Houston bank

A group led by the former CEO of Spirit of Texas Bank has agreed to buy Lone Star Bank in Houston. Journey Financial Group said in a press release that it plans to buy the $191 million-asset Lone Star by the third quarter. The price wasn't disclosed. Journey is led by Dean Bass and Kevin Bass. Dean Bass led Spirit of Texas Bank when it was sold to Simmons First

March 9, 2026
Western Alliance: $126M payment shortfall triggers lawsuit and big chargeoff

Western Alliance: $126M payment shortfall triggers lawsuit and big chargeoff

Western Alliance Bancorp. in Phoenix has filed a lawsuit against Jefferies Financial Group and Leucadia Asset Management over $126.4 million in unpaid debt tied to bankrupt auto parts supplier First Brands. Western Alliance said in a press release that it will record a full charge-off in the first quarter after Jefferies failed to make a $42.1 million payment that was due on Feb. 27. The lawsuit, filed in the New

March 6, 2026
Bradford National buys State Bank of St. Jacob in Illinois

Bradford National buys State Bank of St. Jacob in Illinois

Bradford National Bank in Greenville, Ill., has completed its acquisition of State Bank of St. Jacob in St. Jacob, Ill. The $655.6 million-asset Bradford National said it completed its purchase of the $87.6 million-asset State Bank of St. Jacob on Feb. 28. The price wasn't disclosed. The combined institution is operating as Bradford National Bank.

March 5, 2026
Revolut applies for national bank charter

Revolut applies for national bank charter

Revolut has applied for a national bank charter. The U.K. company said in a press release that it applied to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. to create Revolut Bank US. Cetin Duransoy was named U.S. CEO, succeeding Sid Jajodia, who is now global chief banking officer. "Filing for a national bank charter is a major milestone toward our vision of building the

March 5, 2026
Zerohash is latest crypto-focused firm to seek national trust bank charter

Zerohash is latest crypto-focused firm to seek national trust bank charter

Add Zero Hash in Chicago to the list of companies applying to the Office of the Comptroller of the Currency for a national trust bank charter. The digital asset infrastructure firm, which operates as Zerohash, wants the charter to expand its role in digital asset custody and settlement services. Zerohash provides crypto infrastructure for banks, brokerages and fintech platforms. Stephen Gardner, Zerohash's chief legal officer, would serve as CEO of

March 5, 2026