USAlliance Federal Credit Union in Rye, N.Y., has appointed an interim CEO while it looks for a permanent leader. The $2.8 billion-asset credit union said in a press release that Brett Wheeler will fill the role temporarily. He is USAlliance’s chief financial officer. USAlliance said its board will continue to search for a permanent president and CEO throughout the summer. Wheeler succeeded Kristin VanBeek, who recently left to take the

Home BancShares in Conway, Ark., is parting ways with the former CEO of a bank it recently bought. The $22.5 billion-asset company disclosed in a regulatory filing that Mikel Williamson plans to resign as Texas president of Happy State Bank on June 14. Happy State is a division of Home’s Centennial Bank. Williamson served as CEO of Happy State from April 2020 until its sale to Home in April 2022.

Lone Star Bank in Houston is delaying a shareholder vote on its pending sale to First Guaranty Bancshares in Hammond, La., to solicit more votes in support of the deal. The $160.8 million-asset Lone Star said in a press release that it plans to convene and immediately adjourn its June 13 special meeting. The meeting was called for investors to vote on Lone Star's pending sale to the $3.2 billion-asset

Citizens Financial Group in Providence, R.I., will end its indirect auto lending program on July 1. The $222 billion-asset company said in a press release that the move is part of a strategy to optimize its balance sheet and emphasize relationship-based lending. Citizens will retain and service existing auto loans on its balance sheet. “This decision further enables us to lend in areas that provide better risk-adjusted returns and improved

A shareholder group that has been sparring with Republic First Bancorp for months is now calling for the resignation of the Philadelphia company’s president and CEO. The group, which includes George Norcross III, Philip Norcross and Gregory Braca, said in a regulatory filing that it also wants Thomas Geisel to step down from the $6.2 billion-asset company’s board. Geisel took over those roles from Harry Madonna in December. Since then,

A group in Houston has reapplied to form Houston Bank of Commerce & Trust. Organizers of Houston Bank of Commerce & Trust submitted new applications to state and federal regulators on May 31. The applications were not immediately available. The organizing group has grown from six people to eight. Mark Jacobs would serve as president and CEO, according to the original application filed in February 2022. He recently was the

Due diligence for third-party relationships took center stage in final joint guidance from federal bank regulators. The Federal Reserve, Federal Deposit Insurance Corp. and Treasury Department said that sound risk management must take into account the level of risk, complexity and size of the bank. The nature of the third-party relationship must also be considered. The 68-page guidance covers any business arrangement between a bank and another entity, including fintechs.

A trio of technology firms have merged to create a single company. CFM, NXTsoft and IMM said in a press release that they had combined to form Kinective. The new company has 300 employees across offices in Phoenix; Orlando, Fla.; and New Jersey. Stephen Baker, who was the CEO of CFM, will serve in the same role at Kinective. The company is backed by private equity firm OceanSound Partners. CFM