Several banks are combining the roles of chairman and CEO heading in 2023. Sandy Spring Bancorp in Olney, Md.; Burke & Herbert Financial Services in Alexandria, Va.; and Synovus Financial in Columbus, Ga., are among the companies that announced moves that will take place on Jan. 1. The $13.9 billion-asset Sandy Spring said that Daniel Schrider, its president and CEO, would succeed Robert Orndorff as chairman. Orndorff will remain on

Patrick Sells has left NYDIG to co-found a company that will help financial institutions with digital upgrades and vetting fintech partners. Sells, who was NYDIG’s chief innovation officer, has formed True Digital along with Ryan Alfred. He was chief innovation officer at Quontic Bank before joining NYDIG. “I am launching into a new endeavor with a loose plan,” he said in a LinkedIn postv. “I want to focus on helping

Binance.US in Palo Alto, Calif., has agreed to buy Voyager Digital’s assets for about $1 billion. Voyager, which has been navigating the bankruptcy process since July 5, said in a press release that Binance provided the “highest and best bid for its assets after a review of strategic options.” Voyager said the bid “sets a clear path forward” for its customer funds to be unlocked as soon as possible. Voyager's

Calvin B. Taylor Bankshares in Berlin, Md., has a new chairman. The company said in a press release that Tom Coates was also named chairman of its $931 million-asset bank. Coates, a director since May 2014, is a member of accounting firm Coates, Coates and Coates. He also chairs the bank’s governance committee and is a member of the audit committee. Coates' “legal and accounting background and previous board leadership

ACNB in Gettysburg, Pa., is applying its brand to its operations in Maryland. The $2.7 billion-asset company said in a press release that NWSB Bank and FCB Bank will become ACNB Bank on Jan. 1. The current brands will be retired. “We believe this brand alignment will eliminate any confusion for our customers who bank in multiple markets, as well as will allow us to operate more cohesively under one

M&T Bank in Buffalo has agreed to sell the collective investment trust business of one of its subsidiaries to Madison Dearborn Partners. The $198 billion-asset M&T said in a press release that its Wilmington Trust unit expects to complete the sale in mid-2023. The price wasn’t disclosed. The CIT business provides third-party trustee and administrative services to asset managers and the employer-sponsored retirement market. It manages about $115 billion in assets

Traditions First Bank in Clarksville, Tenn., will soon have a new president. The $235 million-asset bank said in a press release that Kyle Miller will take on the role on Jan. 1. Miller has been an executive vice president and served on the bank’s board since its formation in 2000. Miller will succeed Tommy Mitchell, who will remain CEO. Miller “is uniquely qualified to be the next president of Traditions

Pinwheel, a fintech that aggregates real-time income and employment data, has added a former Consumer Financial Protection Bureau official to its advisory team. The company said in a press release that Raj Date had become an advisor. Date, a former deputy director at the CFPB, is a managing director of Fenway Summer, an investment firm, and a co-founder of FS Vector, an advisory firm. Date participated in Pinwheel’s $20 million