Austin Capital Bank in Austin, Texas, has a new president.   Mark DeBiasio announced his hiring by the $329 million-asset bank on his LinkedIn account.   DeBiasio previously served as chief financial officer at NexTier Bank in Kittanning, Pa.

The Louisiana Credit Union League has a new CEO selected. The association said in a press release that Juan Fernandez Ceballos will also become its president in June. He is president and CEO of the Credit Union Association of New Mexico, a role he has held since 2021. Ceballos will succeed Steven Liberto, who has filled in on an interim basis. Liberto, executive vice president of business solutions, stepped into

Western Alliance Bancorp. in Phoenix continues to bounce back from a turbulent time in the wake of high-profile bank failures. The $71 billion-asset company said in an investor presentation that it has added more than $2 billion of deposits in the second quarter, with $49.6 billion on its balance sheet. That represents a roughly 4% increase. Western Alliance also noted that about 79% of its deposits are insured, an improvement

F.N.B. Corp. in Pittsburgh has invested $1.1 million in Hill District Federal Credit Union in Pittsburgh. The $44 billion-asset F.N.B. said in a press release that the funds will help Hill District, a minority depository institution, deliver financial services and resources to underserved communities. The funding, in the form of an equity equivalent investment, is part of a more than $200 million effort by F.N.B. to provide loans, investments and

Bank of America in Charlotte, N.C., has created its first accelerator.  The Bank of America Breakthrough Lab will launch a six-month program in September. It will largely focus on entrepreneurs from underrepresented communities such as Black, Hispanic and Native American founders. The program, expected to occur annually, aims to collect applications over the next month. The goal is to bring in pre-seed stage companies with a minimum viable product focused

Farmers & Merchants State Bank in Archbold, Ohio, has shortened its name. The $3 billion-asset unit of Farmers & Merchants Bancorp rebranded as F&M Bank. The plan includes a new logo and replacing signs at all branches by September. The rebranding followed “a multi-year brand exploration process,” the bank said in a press release. “F&M’s mission remains as it always has, to nurture lasting relationships with our customers, our employees,

Wesbanco in Wheeling, W.Va., will have a new CEO sooner than expected. The $5 billion-asset company said in a press release that Todd Clossin will also retire as president on Aug. 1. He will be succeeded by Jeffrey Jackson, the company’s chief operating officer. Clossin had originally planned to retire on Jan. 1. Wesbanco said the new date reflects Jackson’s “timely and successful acclimation to the business and aligns with

Georgia Banking in Atlanta has raised $27.2 million through a private placement. The $1 billion-asset company raised the capital on April 28, according to data compiled by Performance Trust Capital Partners. The report did not disclose the investors or the pricing. Georgia Banking was recapitalized in 2021 by an investor group led by Bartow Morgan Jr. The group raised $180 million to fund growth and build a commercial and private