Alabama ONE Credit Union in Tuscaloosa has a new CEO. The $1.2 billion-asset credit union said in a press release that Whitney Oswalt had taken on the new role. Oswalt, who was chief strategy officer and chief financial officer. succeeded Bill Wells. Oswalt “has been a strong member of our leadership team, and under his guidance first as chief financial officer and then as chief strategy officer, our credit union

Greenwood’s Financial Group in Lake Mills, Wis., raised $10 million in capital.The parent of the $547 million-asset Greenwood’s Savings Bank raised the capital on July 1 through a private placement of common stock, according to data compiled by Performance Trust Capital Partners.The data did not include the shares sold, pricing, or the investors.

Piedmont Bancorp in Peachtree Corners, Ga., tried several times to find a buyer before agreeing to be sold to United Bankshares in Charleston, W.Va. The $30 billion-asset United agreed on May 9 to buy the $2.1 billion-asset Piedmont for $267 million. The deal will give United its first operations in the Atlanta area. Piedmont first hired an investment bank to explore a potential sale in February 2019, according to a

Murphy-Wall State Bank and Trust in Pinckneyville, Ill., has agreed to buy Oakdale State Bank in Oakdale, Ill. Murphy-Wall Bancorp, the parent of the $179.3 million-asset Murphy-Wall State did not disclose the price it will pay for the $25 million-asset Oakdale State. “Murphy-Wall looks forward to this opportunity to serve a new market and is committed to ensuring a seamless transition for Oakdale State … staff and customers,” Matthew Bigham,

The Bank of North Dakota in Bismarck has a new CEO. The North Dakota Industrial Commission also named Don Morgan to serve as the $10.1 billion-asset bank’s president. Morgan succeeded Todd Steinwand, who recently retired. Morgan recently served as president and CEO at the $1.9 billion-asset Starion Bank. “Don’s impressive experience over his decades-long career in the banking industry and his deep understanding of the critical role BND’s community bank

Renasant in Tupelo, Miss., has sold its insurance agency to Sunstar Insurance Group. The $17.3 billion-asset company said in a press release that it sold Renasant Insurance; the price wasn’t disclosed. Renasant Insurance will rebrand as Sunstar Insurance Services. All of Renasant Insurance’s leadership and employees joined Sunstar. "This transaction provides a great opportunity for both our customers and employees to continue with Sunstar and build on the legacy of

First Foundation in Dallas is raising $228 million in a deal that will allow it to lower its concentration of multifamily loans.   The $13.6 billion-asset company said in a press release that the investors include Fortress Investment Group affiliates ($115 million); Canyon Partners ($46 million), Strategic Value Bank Partners and North Reef Capital ($22 million each). The transaction is expected to close on July 8.   Simone Lagomarsino, who

Bankwell Financial Group in New Canaan, Conn., is bracing for a $6.6 million hit tied to a nonperforming commercial loan. The $3.2 billion-asset company disclosed in a regulatory filing that it will take specific reserves against a $8.7 million C&I loan that has been classified as nonperforming since the end of last year. Bankwell, which had already reserved $400,000 for the loan, said it has about $1.7 million in remaining