Home Federal Bank in Knoxville, Tenn., will start 2027 with a new leader. The bank said in a press release that Jonathan Mayfield will become its CEO when David Reynolds retires in December. Reynolds will remain chairman. Mayfield will remain president, a role he has held since 2025. “Jonathan brings a unique perspective on servant leadership, combined with a clear vision for leading the bank forward through rapid industry change,”

First Financial in Terre Haute, Ind., has agreed to buy First Illinois Corp. in Decatur. The $6.2 billion-asset First Financial said in a press release that it will pay $111.3 million in cash and stock for the parent of the $717 million-asset Hickory Point Bank. The deal, which is expected to close in the fourth quarter, priced First Illinois at 135% of its tangible book value. Hickory Point has eight

Zerohash in Chicago has resubmitted its application for a national trust bank charter. The crypto infrastructure provider's initial application was returned in mid-July by the Office of the Comptroller of the Currency, which cited "insufficient materials." Because the issue was an administrative error instead of substantial issues, Zerohash was able to quickly resubmit. The new application will take a phased approach that will start with a national trust banking business

Mission Valley Bancorp in Sun Valley, Calif., has a new president. The company said in a press release that Brian Carlson had also become president and CEO of Mission Valley Bank. Carlson, who was managing director of SBA and president of total SBA, succeeded Tamara Gurney. Gurney, who remains the company's CEO, will also become its executive chair. "I have known Brian for many years and have seen both his

Gulf Winds Credit Union has agreed to buy Madison County Community Bank in Madison, Fla. The $1.3 billion-asset credit union said in a press release that it will also rebrand as TruWorth Credit Union beginning in the spring. Gulf Winds didn't disclose how much it will pay Madison Community Bancshares for its $212 million-asset bank. “We’re going to have the same people, just more,” Gulf Winds President and CEO Daniel

Gateway Commercial Bank in Mesa, Ariz., will split the president and CEO roles after James Christensen retires next year. The $231.4 million-asset bank said in a LinkedIn post that Christensen will retire in June 2027. He will remain on the board. Josh Flake, Gateway's chief credit officer, will become CEO. Scott Morris, a market president, will become the bank's president. "Gateway is bigger than any one person, including me," Christensen

An investor group has agreed to buy Hazlehurst Investors, the parent of Bank of Hazlehurst in Georgia. Brighton Capital, an Alpharetta, Ga., group led by former Piedmont Bank executive Taylor Watson, aims to buy the $134 million-asset bank. The deal is expected to close in the fourth quarter. The price wasn't disclosed. The group plans to rebrand as Peachtree Banking Co. after the deal closes. Watson would serve as the company's

Cashmere Valley Bank in Cashmere, Wash., which has been facing investor pressure to sell, has a new CEO. The $2.3 billion-asset Cashmere Valley said in a press release that LenDevaisher will join the bank on Oct. 5 and succeed Greg Oakes on Dec. 31. Devaisher was president and chief operating officer of MidWestOne Bank in Iowa City when it was sold to Nicolet Bankshares in Green Bay, Wis. Down Range