The Fuller family is again running a bank in Dubuque, Iowa. Capra Bank is set to open next month in the city after an investor group bought and relocated the $62 million-asset Peoples Savings Bank in Montezuma, Iowa, according to the Telegraph Herald. Capra’s chairman and CEO is Lynn “Tut” Fuller. His brother, Thomas Fuller, serves on the bank’s board. They are the sons of Lynn Fuller, former chairman and

German American Bancorp in Jasper, Ind., has tapped an insider to serve as its president. The $6.2 billion-asset company disclosed in a regulatory filing that Bradley Rust will take over the role on May 18. Rust, who will remain chief operating officer and chief financial officer, will succeed D. Neil Dauby. Dauby, who will remain CEO, will succeed Mark Schroeder as chairman on May 18. Schroeder, who preceded Dauby as

The Federal Deposit Insurance Corp. received 27 offers from 18 bidders looking to buy Silicon Valley Bridge Bank and/or Silicon Valley Private Bank before the agency decided to sell the bridge bank to First Citizens BancShares in Raleigh, N.C. Four parties submitted five bids for Signature Bridge Bank before it was sold to a unit of New York Community Bancorp in Hicksville, FDIC Chairman Martin Gruenberg said in a written

The Federal Deposit Insurance Corp. plans to impose special assessments on the banking industry to replenish losses to the Deposit Insurance Fund (DIF) stemming from the failures of Silicon Valley Bank and Signature Bank. FDIC Chairman Martin Gruenberg, in written testimony released prior to a Tuesday hearing of the Senate Banking Committee, said the agency plans to issue a notice of proposed rulemaking in May to address the special assessment.

FinWise Bancorp in Murray, Utah, has a new bank president. The $402 million-asset company said in a regulatory filing that James Noone had accepted the post at FinWise Bank. He will remain the bank’s chief strategy officer and chief credit officer. Noone succeeded Kent Landvatter, who remains the company’s president and CEO and the bank’s CEO. FinWise said it will pay Noone an annual base salary of $450,000.

BM Technologies in Radnor, Pa., has hired an experienced banker to serve as co-CEO.   The parent company of BankMobile said in a press release that Raj Singh will share responsibilities with Luvleen Sidhu, who has been CEO. BM Technologies said that Singh, who is on its board, most recently served as vice chairman of investment banking at Raymond James.   Over his career, Singh managed more than 150 investment

First Citizens BancShares in Raleigh, N.C., has entered into a purchase and assumption agreement to buy deposits and loans tied to Silicon Valley Bridge Bank from the Federal Deposit Insurance Corp. The FDIC said in a press release that the bridge bank’s 17 branches will open as First–Citizens Bank & Trust locations today. All deposits assumed by First Citizens will continue to be insured by the FDIC up to the

Vizo Financial Corporate Credit Union in Greensboro, N.C., has lined up its next CEO. The $6 billion-asset credit union said in a press release that Fred Eisel will also succeed David Brehmer as president on Jan. 5, 2024. Eisel is Vizo’s chief investment officer. He had been a member of the credit union’s executive team for more than 20 years. Brehmer, who is retiring, has been Vizo’s CEO since 2021.