Strategic Insights into Banking & Fintech
Mint National Bank in Kingwood, Texas, has a new CEO. Jason Cassity, a member of the $392.8 million-asset bank's board, announced the new role on his LinkedIn account. "This is an exciting time for me and I couldn’t be happier that I’ll be working in my hometown of Kingwood again," Cassity wrote.
Great American Bank in Lawrence, Kan., has agreed to buy Cottonwood Valley Bank in Cedar Point, Kan. The $504.3 million-asset Great American said in a press release that it plans to buy the $38.3 million-asset Cottonwood Valley in the fourth quarter. The price wasn't disclosed. "This merger brings together two community-focused institutions with shared values, strong cultures, and a commitment to serving customers and communities," Les Dreiling, Great American's president
Old Glory Bank in Elmore City, Okla., will remain privately held after scrapping a plan to sell to Digital Asset Acquisition Corp., a special purpose acquisition company, to form a crypto-focused financial institution. Digital Asset Acquisition Corp. confirmed in an Aug. 13 regulatory filing that the companies had mutually terminated their agreement. The Federal Reserve would not approve the deal, according to a published report. Neither party owed a termination fee.
HomeTrust Bancshares in Asheville, N.C., has agreed to buy Blue Ridge Bankshares in Charlottesville, Va. The $4.4 billion-asset HomeTrust said in a press release that it will pay $448.1 million in stock for the $2.3 billion-asset Blue Ridge. The deal, which is expected to close in the first quarter, priced Blue Ridge at 140% of its tangible value. “This represents a compelling opportunity to further expand our presence in the
Entersekt, a global provider of digital banking fraud prevention and payment security, has a new leader. The company said that Clare Conway had become its CEO. Conway, who was chief operating officer, succeeded founder and former CEO Schalk Nolte. Nolte will remain on the board and will advise on market insight, innovation and long-term strategy.
Citigroup in New York has agreed to buy Kard Financial. Citi said in a press release that it the undisclosed purchase price is not material to its financial results. Kard operates a commerce media and rewards platform that helps banks and fintechs deepen client engagement through personalized offers. Its embedded, machine learning-powered personalization and matching capabilities simplify rewards for issuers. “We’re focused on helping customers get more value from their
Magnolia Bancorp in Metairie, La., is reshuffling its executive leadership team after Donice Wagner resigned as chief financial officer. Magnolia said in a regulatory filing that Wagner will also step down as the company's secretary on Aug. 21. Wagner, who accepted those roles in September 2025, told management that she wanted to return to her consulting practice. The departure comes just two months after Magnolia completed a planned leadership transition
First Guaranty Bancshares in Hammond, La., has entered into a consent order with the Federal Deposit Insurance Corp. and the Louisiana Office of Financial Institutions directed toward addressing credit issues. The $4.1 billion-asset company disclosed the enforcement action in a regulatory filing. The order stems from an examination conducted in mid-2025 and covers a broad set of issues spanning board oversight, capital levels, classified assets, credit administration, commercial real estate
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