A director at MVB Financial resigned, citing disagreements with other board members over corporate governance, executive compensation, and the Fairmont, W.Va., company’s strategic direction. The company disclosed in a regulatory filing that Glen Herrick resigned on Feb. 26. He chaired the audit committee and was a member of the board’s finance committee. Cheryl Spielman was selected to become the committee's new chair. Herrick, who joined the board in January 2025, wrote

WesBanco in Wheeling, W.Va., offered directors a one-time equity incentive as part of a plan to shrink its board. The company disclosed in a regulatory filing that it offered directors a voluntary retirement opportunity, awarding a one-time equity grant of restricted shares valued at $250,000 to each director who chose to retire. Three directors — Abigail Feinknopf, James Cornelsen, and D. Bruce Know — accepted the offer. Michael Crawford is

Jeff Tengel, the president and CEO of Independent Bank Corp. in Rockland, Mass., informed employees that he has been diagnosed with lymphoma but plans to keep leading the bank while undergoing treatment. Tengel wrote in the letter that he recently began chemotherapy. “I have recently been diagnosed with lymphoma,” Tengel wrote. “It’s not easy news to deliver, but I’m receiving excellent care, and the type of cancer I have is

Emigrant Bancorp in Miami has agreed to buy a majority interest in Fortis Management Group in Boston. Emigrant said in a press release that the acquisition should close in April. The price wasn't disclosed. The acquisition coincides with the launch of Emigrant Family Office, a newly formed business unit designed to deliver a highly specialized, non-investment suite of family office capabilities to ultra-wealthy families and registered investment advisors. Fortis founder

Kraken Financial in Cheyenne, Wyo., has become the first digital asset bank to gain a Federal Reserve master account. Payward, the company behind Kraken Financial, said in a press release that, through its Fed master account, Kraken can connect directly to core U.S. payment rails, including Fedwire, without relying on intermediary banks. Kraken, a Wyoming-chartered Special Purpose Depository Institution (SPDI), will begin with a phased rollout, initially focused on facilitating

First Commercial Bank in Seguin, Texas, has a new leader. The $530 million-asset bank said in a LinkedIn post that James Long had become its CEO. Long, who has been the bank's president, succeeded Mark Long, who was named chairman. Doug Miller was named vice chairman, while Mark Williams became chairman emeritus. "With this leadership transition, FCB is well positioned for continued growth while staying true to its core values

Franklin Bank in Pilesgrove, N.J., will soon have a new leader. The bank said in a LinkedIn post that Mark Kelty will become its president and CEO on April 1. Kelty, the bank's chief commercial lending officer, will succeed Mark Edwards, who is retiring. "The board looks forward to Incoming President Kelty’s leadership and industry knowledge, which they are confident will advance Franklin’s ability to service the financial needs of

Miami Savings Bank in Miamitown, Ohio, has agreed to absorb New Foundation Savings Bank Corp. in Cincinnati. The $133 million-asset Miami Savings said in a press release that it expects to bring on the $18 million-asset New Foundation in the second quarter. "Miami Savings and New Foundation have a similar legacy of providing our communities ... with excellent customer service for over 115 years," Derrick Taylor, Miami Savings' president and