Provident Financial Holdings in Riverside, Calif., has lined up its next CEO. The $1.3 billion-asset company said in a press release that Donavon Ternes will succeed the retiring Craig Blunden on Jan. 1. Blunden will remain chairman. Ternes is the company’s president, chief operating officer and chief financial officer. He will remain president following his promotion. Provident said it will conduct a search to hire a new CFO. There are

Codorus Valley Bancorp in York, Pa., said it had amicably ended a cooperation agreement with an activist investor. The $2 billion-asset company disclosed in a regulatory filing that the agreement with Driver Management ended on Oct. 30. The decision “marks the end of a period of collaboration and opens new chapters for both parties,” the filing said.  "We are grateful for Driver Management's commitment to our bank and its shareholders,”

Blue Ridge Bankshares in Charlottesville, Va., reported a large quarterly loss, suspended its dividend and announced plans to restate several quarters of financial results. The $3.3 billion-asset Blue Ridge said in a press release that it lost $41.4 million in the third quarter, largely reflecting a $26.8 million goodwill impairment charge that was "driven by the pressure" on the company's stock price. The results also included a $6 million settlement

State Street in Boston didn’t have to look far to find its next president. The $284 billion-asset company disclosed in a regulatory filing that Louis Maiuri plans to step down as its president, chief operating officer and head of investment services at the end of this year. He will fully retire in early 2024. Ronald O’Hanley, State Street’s chairman and CEO will succeed Maiuri as president, while Moulay Mostapha Tahiri

Great Plains Bancshares in Elk City, Okla., raised $12.3 million through a private placement of common stock. The parent of the $1.6 billion-asset Great Plains National Bank completed the placement on Oct. 20, according to data compiled by Performance Trust Capital Partners. The data did not disclose the pricing, number of shares sold, investors or planned use for the proceeds.

Patriot National Bancorp in Stamford, Conn., will restate financial results for the first half of 2023 after miscalculating an adjustment to the Current Expected Credit Loss standard. The $1.2 billion-asset company disclosed in a regulatory filing that investors cannot rely on its financial statements for the first and second quarters due to an error tied to CECL calculations. Patriot National estimated that, after it corrects the issue, the increase in

Eastern Bankshares in Boston has appointed a banking veteran to its board. The $21 billion-asset company said in a press release that Marisa Harney had become a director and will join its audit and risk management committees on Jan. 1. Harney recently served as chief credit officer at First Citizens BancShares in Raleigh, N.C. Before that, she was chief credit officerat CIT Group, which sold to First Citizens in January

Republic First Bancorp in Philadelphia has a new chairman after finalizing an agreement to sell stock to an investor group. The $6.2 billion-asset company said in a press release that it will sell securities to a group that includes George Norcross, III, Gregory Braca and Philip Norcross for $35 million. As part of a truce between the parties, the board will be reconstituted, with Philip Norcross serving as its chairman.