Strategic Insights into Banking & Fintech
LGE Community Credit Union in Atlanta has agreed to buy Greater Community Bank in Rome, Ga. The $2 billion-asset LGE said in a press release that it expects to complete the purchase of the $321 million-asset Greater Community in the third quarter. The price wasn’t disclosed. Greater Community has three branches. LGE also bought Georgia Heritage Bank in 2018. The acquisition “will deepen the commitment to consumers and businesses in
Synovus Financial in Columbus, Ga., will have a new chairman next year. The $59 billion-asset company said in a press release that Kevin Blair, its president and CEO, will succeed Kessel Stelling as chairman on Jan. 1. Stelling, who has been chairman since 2012, will continue in an advisory role with Synovus until Jan. 1, 2025. Blair, who joined Synovus in 2016, succeeded Stelling as president and CEO in April
Washington Trust Bancorp in Westerly, R.I., will have a new president in 2023. The $6.4 billion-asset company said in a press release that Mark Gim will retire and president and chief operating officer at its annual meeting in April. Gim was recently appointed to join Washington Trust’s board. Mary Noons, the company’s chief retail lending officer, will succeed Gim as president and COO. The board “is extremely grateful for Mark’s
Empower Federal Credit Union in Syracuse, N.Y., has hired a former banker as its CEO. The $3 billion-asset credit union said in a press release that Ryan McIntyre will also become its president on Jan. 3. McIntyre will succeed John Wakefield, who is retiring. McIntyre previously served as chief strategy officer at VyStar Credit Union. Before that, he was the Jacksonville, Fla., city president for Regions Financial, where he worked
Lynn Fuller has resigned from the board of Heartland Financial USA as part of an agreement between the Dubuque, Iowa, company and its former CEO. The $19.7 billion-asset Heartland disclosed in a regulatory filing that it had reached a standstill agreement with a shareholder group affiliated with Fuller. The shareholder group owns about 6.7% of Heartland’s common stock. Certain provisions of the agreement will run from Dec. 14 until 15
Shore Bancshares in Easton, Md., has agreed to buy Community Financial in Waldorf, Md. The $3.4 billion-asset Shore said in a press release that it will pay $254.4 million in stock for the $2.4 billion-asset parent of Community Bank of the Chesapeake. Shore shareholders will own 60% of the combined company. The deal is expected to close in the second or third quarter. Community Financial has 12 branches, four loan
Daryl Bible didn’t stay retired very long. M&T Bank in Buffalo, N.Y., said in a press release that Bible will become its chief financial officer in the second quarter. Bible retired as CFO of Truist Financial in September. Bible joined BB&T in January 2008 from U.S. Bancorp and become the CFO nine months later. He kept the title when BB&T merged with SunTrust Banks to become Truist. "Daryl is a
Alex Sanchez plans to retire as president and CEO of the Florida Bankers Association. Sanchez plans to step down in December 2023, according to a LinkedIn post by the association. The post made no mention of the association's process for finding a successor. Sanchez has served as the FBA’s president and CEO since 1998.
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