Strategic Insights into Banking & Fintech

Dan O’Malley hired to lead AI-focused fintech Engageware

Dan O’Malley hired to lead AI-focused fintech Engageware

Dan O'Malley is back. O'Malley, who co-founded and then led Numerated when it sold to Moody's, was named CEO of Engageware, a fintech that provides AI-powered customer engagement solutions. Rick Lowrey will remain executive chairman of the company. “Enterprises are using real-world interaction and outcome data to rethink how they harness AI to deliver more personalized, flexible, and impactful customer experiences," O'Malley said in the release. "Engageware’s platform powers streamlined

September 6, 2025
Bradford Bancorp to buy St. Jacob Bancshares in Illinois

Bradford Bancorp to buy St. Jacob Bancshares in Illinois

Bradford Bancorp in Greenville, Ill., has agreed to buy St. Jacob Bancshares in St. Jacob, Ill. The $633 million-asset Bradford said in a press release that it expects to buy the $92 million-asset St. Jacob by early 2026. The price wasn't disclosed. “Both organizations have demonstrated great success by providing outstanding customer service and building strong relationships with the communities they serve," Michael Ennan, Bradford's president and CEO, said in

September 6, 2025
GBank in Las Vegas taps chairman to replace departed CEO

GBank in Las Vegas taps chairman to replace departed CEO

GBank Financial Holdings in Las Vegas has a new CEO. The company disclosed in a press release that Ed Nigro had taken over from T. Ryan Sullivan, who opted against renewing an employment agreement that expired on Aug. 31. The company is in talks with Sullivan, who was also president and a director, about taking on a consulting role to "support a smooth transition." Nigro is the company's chairman. There

September 5, 2025
Temenos parts ways with CEO Jean-Pierre Brulard

Temenos parts ways with CEO Jean-Pierre Brulard

Core banking software firm Temenos has parted ways with its CEO. The Swiss company said that Jean-Pierre Brulard had stepped down, effective immediately. He became CEO in May 2024. Takis Spiliopoulos, the company's chief financial officer, was named interim CEO while a search is conducted for a permanent successor. "After careful consideration, the board determined that this is now the right time to move forward with new leadership to execute

September 5, 2025
UCSB Financial in Fla. buys back shares from Patriot, others for $34M

UCSB Financial in Fla. buys back shares from Patriot, others for $34M

UCSB Financial Holdings in Doral, Fla., bought stock from one of its biggest investors. The company disclosed in a regulatory filing that it bought about 2 million shares of common stock from a group that includes Patriot Financial Partners, paying $17.19 a share, or about $34.4 million. The negotiated price reflects a 1% discount to the 10-day volume-weighted average price on Sept. 2.

September 5, 2025
PeoplesBank in Mass. lines up new CEO for 2026

PeoplesBank in Mass. lines up new CEO for 2026

PeoplesBank in Holyoke, Mass., has a new CEO lined up. The $7 billion-asset bank said in a press release that Tom Senecal will retire at the end of this year. He will remain chairman. Todd Tallman, CEO of Cornerstone Bank, will succeed Senecal as CEO. The holding companies for PeoplesBank and Cornerstone merged earlier this year, though the banks still operate separately. Brian Canina will remain president of PeoplesBank and

September 4, 2025
Reciprocal deposit firm ModernFi raises $30M in new funding round

Reciprocal deposit firm ModernFi raises $30M in new funding round

ModernFi, a deposit management fintech, has raised $30 million in a Series B funding round. The funding round was led by Canapi Ventures, with participation from Andreessen Horowitz, Curql, Remarkable Ventures, and Intercontinental Exchange. ModernFi’s total funding now tops $60 million. “Our job at ModernFi is to support the scale and diversity of the American banking landscape so that institutions of all sizes can continue to grow and compete,” Paolo

September 3, 2025
Patriot National in Conn. raising $26 million through new offering

Patriot National in Conn. raising $26 million through new offering

Patriot National Bancorp in Stamford, Conn., is raising $25.6 million by selling securities. The company disclosed in a regulatory filing that it has signed purchase agreements to sell nearly 19.2 million shares of voting common stock and nearly 12.8 million shares of non-voting common stock to unnamed buyers. The shares will be issuable six months after the offering's closing upon exercise of three-year warrants. Shares are being sold at $1.25

September 2, 2025