Bank of Springfield in Illinois has a new CEO. The $1.6 billion-asset bank said in a press release that Jason Knoedler has succeeded Tom Marantz, who remains chairman of the bank and parent company Spring Bancorp. Knoedler has been a senior vice president and vice chairman since 2006, according to his LinkedIn profile. "Jason’s proven track record of leadership and his ability to inspire those around him make him the

At least 16 teams of bankers have left New York Community Bancorp to accept posts at Peapack-Gladstone Financial in Bedminster, N.J., and Dime Community Bancshares in Hauppauge, N.Y. Peapack said in a press release that it hired Andrew Corrado as president of Peapack Private’s commercial bank in New York City. He became Flagstar’s head of commercial and private banking in the Northeast after New York Community bought the failed Signature

Adro, a New York fintech that aims to help international students access U.S. financial services, has raised $1.5 million pre-seed funding. The company said in a press release that the round was led by Era, with participation from Ex Nihilo Ventures and the Cornell Tech Syndicate. Adro said it will use the funds to add to its engineering team and accelerate its platform’s development. “Once in the U.S., internationals face

Washington Trust Bank in Spokane has shuffled its leadership team. The $11.4 billion-asset bank said in a press release that Jack Heath had become its CEO, succeeding Peter Stanton, who remains executive chairman. Heath was president and chief operating officer. Kevin Blair succeeded Heath as president, while Jim Branson was named COO. Blair was chief lending officer; Branson was chief banking officer. The bank has been run by the Stanton

The Georgia Bankers Association will soon have a new CEO. The association said in a press release that Tripp Cofield will succeed the retiring Joe Brannen on July 15. Cofield is president and CEO of the association’s affiliates GBA Insurance Trust, Paragon Benefits and GBA Retirement Services. He will join the association’s board in conjunction with his appointment. Cofield’s “thoughtful and intelligent approach to solving complex problems, complemented by his

FineMark Holdings in Fort Myers, Fla., raised $30 million through a private placement. The $4.1 billion-asset company sold common stock on March 29, according to data compiled by Performance Trust Capital Partners. Performance Trust had no additional details about the private placement.

Mode Eleven Bancorp in Hulett, Wyo., will voluntarily dismantle its Banking-as-a-Service platform after being hit with an enforcement action from the Federal Reserve. The parent of the $110 million-asset Summit National Bank entered into a cease-and-desist order with the Fed on March 28. The order barred the bank from engaging in "expansionary activities related to the fintech business strategy” without written Fed approval. Those activities include creating new subsidiaries, business

The new leader of New York Community Bancorp is making the case for shareholders to back steps needed to fully recapitalize the Hicksville company. Joseph Otting, a former Comptroller of the Currency, said in a regulatory filing that addressing the $114 billion-asset company’s issues will not occur overnight – but it is doable. “We understand that regaining your trust and confidence will take time and consistent results,” he said in