Land of Lincoln Credit Union in Decatur, Ill., has agreed to buy Colchester State Bank in Colchester, Ill. The $378 million-asset Land of Lincoln announced on its website that it expects to complete the purchase of the $82 million-asset Colchester by the end of the second quarter. The price wasn’t disclosed. “We are excited for the opportunity to partner with Colchester … and to improve access to our service in

Lake Shore Bancorp in Orchard Park, N.Y., is in the market for a new president and CEO. The $700 million-asset company said in a press release that Daniel Reininga plans to retire in May. The board plans to conduct a national search for Reininga’s successor. Reininga, who joined the bank in 1994 as an outside director and became chief operating officer in 2010, has been CEO for the past 12 years. “Dan

Hulett Bancorp in Hulett, Wyo., which sold a stake in itself to Nexo earlier this year, raised another $400,000 through a private placement of common stock The stock sale, which took place on Dec. 13, was included in data aggregated by Performance Trust Capital Partners. Hulett, which operates as Mode Eleven and owns Summit National Bank, sold an undisclosed stake to Nexo, a European digital assets firm, last fall. The

Figure Acquisition Corp. I, a SPAC that was in talks to buy a bank, plans to cease operations after the New York Stock Exchange decided to delist the company. The SPAC, which is affiliated with blockchain firm Figure Technologies, disclosed in a regulatory filing that it does not intend to appeal the NYSE’s determination. The plan is for the SPAC to redeem all of its Class A common stock on

Republic First Bancorp in Philadelphia has a new CEO. The $5.7 billion-asset company said in a press release that Tom Geisel was also named president, effective immediately. He was also added to First Republic’s board. Geisel, who was recently president of corporate banking at Webster Financial, succeeded Harry Madonna, who had been serving as interim CEO. The company also said the Mike Harrington has become its chief financial officer. He

The Combs family has agreed to buy Stone Bancshares in Mountain View, Ark. The family will pay an undisclosed amount of cash for the parent of the $643 million-asset Stone Bank, according to Talk Business & Politics. The deal is expected to close in the first quarter. Stone, which has six branches, was created in 2009 when an investor group bought and rebranded Bank of Altheimer. The bank has national

Steven Bradshaw, who retired as BOK Financial’s CEO earlier this year, will retire from the Tulsa, Okla., company’s board at the end of this year. The $43.6 billion-asset company disclosed in a regulatory filing that Bradshaw will step down as a director on Dec. 31. Bradshaw was BOK Financial’s leader for eight years before retiring on Jan. 1. He was succeeded by Stacy Kymes, who was the company’s chief operating

Mid Penn Bancorp in Harrisburg, Pa., has agreed to buy Brunswick Bancorp in New Brunswick, N.J. The $4.3 billion-asset Mid Penn said in a press release that it will pay $53.9 million in cash and stock for the $382 million-asset Brunswick. The deal, which is expected to close in the second quarter, priced Brunswick at 120% of its tangible book value. The acquisition will give Mid Penn its first branches