HNB Bancorp in Hannibal, Mo., has agreed to buy Northeast Missouri Bancshares in Louisiana, Mo. The parent of the $649.9 million-asset HNB National Bank said in a press release that it expects to complete the purchase of Northeast Missouri in the second quarter. The price wasn’t disclosed. Northeast Missouri is the holding company for the $137.2 million-asset Mercantile Bank of Louisiana, Mo. "We view this as a tremendous opportunity for

Encore Bancshares in Little Rock, Ark., has added a Florida banker to its bank’s board. The company said in a press release that Rita Lowman is one of three new directors at the $2.8 billion-asset Encore Bank. Lowman was president of Pilot Bank in Tampa, Fla., which was sold last year to Lake Michigan Credit Union. She subsequently joined the board of Caldwell Trust, a wealth manager in Venice, Fla.

Mid Minnesota Federal Credit Union in Baxter, Minn., has hired a banking veteran as its president and CEO. The $661 million-asset credit union said in a press release that Bob Gerads succeeded Chuck Albrecht, who retired last year. Gerads was the chief deposit officer at Falcon National Bank in Foley, Minn. "I know I speak for the rest of the board when I say we are overjoyed to welcome Bob

First Business Financial Services in Madison, Wis., has a new president. The $2.9 billion-asset company said in a press release that Dave Seiler will remain its chief operating officer. Seiler, who joined the company in 2016, oversees all revenue-generating business lines and various internal operations areas. Seiler succeeded Corey Chambas, who remains the company’s CEO. First Business said Mark Meloy, who was recently CEO of First Business Bank, was named

Richard Hunt is finding ways to stay busy after retiring as CEO of the Consumer Bankers Association. Hunt announced on his LinkedIn page that he had become a senior adviser at Boston Consulting Group and an advisory board member at SentiLink. Hunt led the CBA from 2009 until his retirement last summer.

Pacific West Bank in West Linn, Ore., has formed a holding company. The $291.3 billion-asset bank said in a press release that it is now a unit of Pacific West Bancorp. "The formation of the holding company will provide more efficient access to capital when the need arises and will put the bank in the best position to respond to future market conditions, as well as take advantage of future

Securrency, a cryptocurrency infrastructure startup, has hired the head of State Street Digital as its CEO. Nadine Chakar will take over the role on Monday, succeeding Dan Doney, who became chief technology officer. Chakar also led State Street Global Markets, where she oversaw its trading, product and operations platform. She has served on Securrency’s board since 2021. "Nadine is an exceptional leader and Securrency has been fortunate to leverage her

CIB Marine Bancshares in Champaign, Ill., plans to expand its mortgage lending operations into six states   The parent of the $755 million-asset CIBM Bank said that it plans to hire about 30 loan officers as part of an expansion into Arizona, Connecticut, Florida, New York, Massachusetts and Rhode Island.   The push is expected to more than double the bank’s mortgage originations.   Frank Binetti, who recently served as