The Independent Community Bankers of America tapped an industry veteran to lead its payments services subsidiary. The ICBA said in a press release that Jacob Eisen had become president and CEO of ICBA Payments. Eisen previously served as president of fintech banking at MVB Bank. Eisen’s "extensive experience and forward-thinking approach align perfectly with our mission to empower community banks with cutting-edge payment solutions," Kevin Tweddle, senior executive vice president

Atlanta Postal Credit Union has agreed to buy Affinity Bank in Covington, Ga. The $2.5 billion-asset credit union said in a press release that it will pay $22.50 a share in cash for the $870 million-asset unit of Affinity Bancshares. The deal is expected to close in the fourth quarter or the first quarter of 2025. “For nearly 100 years, Affinity Bank has successfully served both small businesses and individuals

Merrick Bank in South Jordan, Utah, bought about $500 million of home improvement loan participations from GreenSky Holdings. CardWorks, the parent company for the $6 billion-asset Merrick, said in a press release that it also entered into a forward flow agreement with GreenSky to buy more loan participations. The financial details weren’t disclosed. The deal is tied to CardWorks’ equity investment in the point-of-sale lender, which Goldman Sachs divested in

First National Bank & Trust of Okmulgee has rebranded as Patrons Bank. The bank said in a press release that the change will take place on June 1. "With many financial institutions having similar names, we're rebranding to stand out and better reflect our commitment to the evolving needs of our customers and communities," President and CEO Jared Cable said in the release. "The rebranding doesn't change who we are or

Savings Bank of Danbury in Connecticut has rebranded. The $1.6 billion-asset bank said in a press release that will now use Ives Bank as its brand. The new name reflects the bank’s founding in 1849. The bank was first opened in the home of George W. Ives. “We have always valued the connection between our Bank and the Ives name,” Martin Morgado, the bank’s president and CEO, said in the

First Keystone in Berwick, Pa., disclosed that it will record a $19.1 million goodwill impairment charge in the second quarter.   The $1.4 billion-asset company said in a press release that the noncash charge is tied to goodwill tied to a 2004 branch purchase and its 2007 acquisition of Pocono Community Bank.   A decrease in First Keystone’s stock price was a triggering event that led the company to test

First Guaranty Bancshares in Hammond, La., has a new CEO. The $3.6 billion-asset company said in a press release that Michael Mineer had also become its president. Mineer, who was Midwest area president, succeeded Alton Lewis, who retired. Lewis, who had led the company since 2009, will remain vice chairman. “I would like to thank Alton for his unwavering commitment and dedicated service for over three decades. He has built

The Federal Reserve Bank of Cleveland has selected its next CEO. The Cleveland Fed said in a press release that Beth Hammack will also become its president on Aug. 21. She will succeed Loretta Mester, whose tenure will conclude on June 30, consistent with the Fed’s mandatory age and length-of-service policies. Hammack “is the ideal leader to build on the great work already underway at the Cleveland Fed to promote