U.S. Bancorp in Minneapolis is close to completing its management succession. The $692 billion-asset company said in a press release that Gunjan Kedia will become its chairman at April's annual meeting. Kedia, who became CEO in April 2025, will succeed Andy Cecere, who is retiring from the board. Roland Hernandez will remain lead independent director. “Gunjan is a remarkable leader who is well-respected by the Board, her team and our

Walpole Co-operative Bank in Massachusetts has a new leader. The bank said in a press release that Patrick Cucinotta will become president and CEO on Feb. 1. Cucinotta, the bank's chief financial officer and treasurer, will succeed Paul Chaggaris, who is retiring. “A results-driven leader, Cucinotta exemplifies the values that guide Walpole Co-operative Bank’s mission to strengthen local communities and create positive impacts on people’s lives. I am confident that

Stock Yards Bancorp in Louisville, Ky., has agreed to buy Field and Main Bancorp in Henderson, Ky. The $9.5 billion-asset Stock Yards said in a press release that it will pay $105.7 million in stock for the $861 million-asset Field and Main. The deal, which is expected to close in the second quarter, priced Field and Main at 150% of its tangible book value. The deal will accelerate Stock Yards’

First Busey in Leawood, Kan., parted ways with its president. The company disclosed in a regulatory filing that Michael Maddox had also stepped down as its vice chairman and as president and CEO of its bank. He also resigned from the company's board. Maddox, who was president and CEO of CrossFirst Bankshares, will receive nearly $4.4 million in cash severance, representing the base salary and annual bonuses he would have

First Holding Company of Park River in North Dakota has agreed to buy First State Bank of Cando in North Dakota. First Holding, the parent of First United Bank, said in a press release that it expects to buy First State in the first quarter. The price wasn't disclosed. “Our goal is to continue delivering the products and services their customers value, while bringing together our combined strengths to create

Citizens Alliance Bank in Clara City, Minn., has agreed to buy two Minnesota branches from First Security Bank – Sleepy Eye in Minnesota. The $1.5 billion-asset unit of Forstrum Bancorp., said in a press release that it plans to buy locations in Benson and Renville from the $193 million-asset First Security. The branches had $71.8 million of combined deposits in mid-2025, according to Federal Deposit Insurance Corp. data. The deal

Ally Financial in Charlotte, N.C., has recruited Rodney Hood to serve as a senior policy advisor. Hood is a former Acting Comptroller of the Currency and once chaired the National Credit Union Administration. "We are absolutely thrilled to welcome Rodney to Ally as one of my key policy advisors," Michael Rhodes, Ally's CEO, said in a press release. "His profound understanding of the financial services landscape, coupled with his extensive

Oak Valley Bancorp in Oakdale, Calif., will have a new leader later this year. The $2 billion-asset company said in a press release that Christopher Courtney plans to retire on June 30. He has served as CEO since 2013. He will remain on the board. Richard McCarty, the company's president and chief operating officer, will succeed Courtney. He is also on the board.