Federal regulators have extended the comment period on a proposed rule that would place long-term debt requirements on large banks. The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency moved the deadline from Nov. 30 to Jan. 16. “The agencies extended the comment period to allow interested parties more time to analyze the issues and prepare their comments,” they said in a joint statement.

United Bancorp in Martins Ferry, Ohio, will combine the roles of chairman and CEO.   The $814 million-company disclosed in a regulatory filing that Scott Everson, its president and CEO, will succeed Richard Riesbeck as chairman when Riesbeck retires next October.   Riesbeck has been chairman since 2014.   The company also said it has added two new directors, boosting the six of its board to six members.

First Security Bank in Bozeman, Mont., will have a new CEO on Jan. 1. The unit of the $28 billion-asset Glacier Bancorp said in a press release that Kalli Ryti will also become president. Ryti will succeed Jim Ness, who will retire. Ryti previously served as the bank’s chief banking officer. “Kalli is a true community banker,” Ness said in the release. “Kalli cares deeply about our teammates, our clients,

Silvergate Capital in La Jolla, Calif., has fully repaid all remaining deposit liabilities. The company, which is in the process of winding down its operations, said in a press release that every depositor has been fully repaid without risk to the Deposit Insurance Fund. Silvergate said it still has excess cash and cash equivalent balances as it continues to focus on its liquidation. Still, the company has contingent liabilities tied

OneMain Holdings in New York has agreed to buy Foursight Capital, an auto finance company. OneMain said in a press release that it will pay $115 million in cash to Jefferies Financial Group for Foursight and its roughly $900 million loan portfolio. The deal is expected to close in the first quarter. Foursight buys and services automobile retail installment contracts in 38 states. Its contracts are sourced through a network

Pioneer Bancorp in Albany, N.Y., is set to receive nearly $6 million after settling a lawsuit against an accounting firm. Teal, Becker & Chiaramonte agreed to make the payment to the $2 billion-asset Pioneer to resolve claims the accounting firm provided inaccurate financial statements for a loan applicant. Pioneer has alleged that the borrower, Valuewise, used the financial statements to defraud the bank. Pioneer’s lawsuit was filed on Dec. 1,

Brex, a San Francisco expense management platform, has promoted its chief product officer to serve as its first president. The fintech said in a press release that Karandeep Anand had taken on the new role. He joined Brex in January 2022 from Meta, where he lead the business products group. Anand was involved with the launch of Brex Assistant, an AI product. “My biggest priority is to maximize the synergies

BM Technologies in Radnor, Pa., is set to start transferring higher education customer deposits to First Carolina Bank in Rocky Mount, N.C.   The technology company said in a press release that it expects to complete the transferal of customer deposits by Dec. 1. First Carolina has said it expects to gain $525 million of deposits from the partnership.   BM Technologies, by moving the deposits to a bank that