Civista Bancshares in Sandusky, Ohio, will have a new CEO later this year. The $4.3 billion-asset company said in a press release that Chuck Parcher will also become president when Dennis Shaffer retires on Aug. 28. Parcher is president of Civista Bank. Shaffer will remain chairman. “It has been an incredible honor to serve this organization and the communities we support,” Shaffer said in the release. “I believe Civista is in

Bridgewater Bancshares in St. Louis Park, Minn., could sell up to $50 million in common stock over time. The company disclosed in a regulatory filing that it hired Piper Sandler to oversee an at-the-market offering program. Under the program, Bridgewater could sell shares from time to time at prevailing market prices. Piper Sandler will receive a commission of 2.5% of the gross sales price of any shares sold under the

Edward Jones has received regulatory approval to form Edward Jones Bank. The Federal Deposit Insurance Corp. and the Utah Department of Financial Institutions signed off on the brokerage's request for an industrial loan charter. Edward Jones Bank will allow the firm to expand its reserve line of credit portfolio nationwide. The bank will also take deposits, including plans to offer CDs to clients. "This approval marks an exciting moment in

Morgan Stanley in New York has applied to the Office of the Comptroller of the Currency for a national trust bank charter. The investment bank has proposed forming Morgan Stanley Digital Trust to offer custody and related services for cryptocurrencies and other digital instruments. The trust bank is not seeking deposit insurance. The proposed trust bank would support Morgan Stanley’s wealth management division, which serves individual investors, small- and midsize businesses and

Bethany Bankshares in Bethany, Mo., has agreed to buy Bancshares of Glasgow in Glasgow, Mo. Bethany, the holding company of the $1.6 billion-asset BTC Bank, said in a press release that it expects to buy the parent of the $61.5 million-asset Tri-County Trust Co. in the second quarter. The price wasn't disclosed. “We are excited to continue our strategic growth across Missouri,” Doug Fish, BTC Bank's president and CEO, said

Metropolitan Bank Holding in New York plans to raise about $205 million by selling common stock. The company said in a press release that it will sell 2.1 million shares in a public offering at $85 each. Metropolitan could sell another 15% of its stock if there is enough demand. The company plans to use the proceeds to support its organic growth, investments in the bank and working capital, among

Willamette Valley Bank in Salem, Ore, will exit residential mortgage lending. The $452 million-asset bank said in a press release that it will stop making those loans on March 31. “The residential mortgage industry has undergone significant changes in recent years, including the growth of online and non‑bank lenders and a prolonged period of higher interest rates,” Ryan Dempster, the bank's president and CEO, said in the release. “These conditions

Arrow Financial in Glens Falls, N.Y., has agreed to buy Adirondack Bancorp in Utica, N.Y. The $4.5 billion-asset Arrow said in a press release that it will pay $89.1 million in cash and stock for the $942 million-asset Adirondack. The deal, which is expected to close in the second quarter, priced Adirondack at 138.2% of its tangible book value. The companies "are two deeply rooted and culturally aligned community banks