The management team at Prosperity Bancshares in Houston had a busy summer. The $37.8 billion-asset company’s executives juggled negotiations and due diligence for its pending purchases of Lone Star State Bancshares in Lubbock, Texas, and First Bancshares of Texas in Midland. Prosperity announced in October that it would buy both companies for a total of $570 million. Lone Star’s first contact with Prosperity predated the onset of the Covid pandemic,

Centier Bank in Merrillville, Ind., latest promotion continues a longstanding practice at the family-owned bank. The $6.3 billion-asset bank said in a press release that Chris Campbell had become its president. He succeeded Michael Schrage, who remains chairman and CEO. Schrage, who succeeded his father as bank president in the late 1970s, is Campbell’s father-in-law. The bank has been family owned and operated since the 1890s. Campbell joined Centier in

Forbright Bank in Potomac, Md., has hired a veteran banker to oversee the creation of a digital bank. The $6.4 billion-asset bank said in a press release that hired Matthew Quale as its president of digital banking. Quale previously served as executive vice president of consumer banking and marketing at Texas Capital Bank. Quale was also president of Bask Bank, Texas Capital’s direct-to-consumer digital bank. Bask focuses on frequent flyers.

Wells Fargo in San Francisco plans to exit correspondent lending and reduce the size of its servicing portfolio. The $1.9 trillion-asset company said in a press release that it will shift its focus, including plans to broaden its Special Purpose Credit Program, a $150 million investment to refinance loans to minority homeowners, to include purchase loans. Wells also plans to invest another $100 million to “advance racial equity in homeownership,”

Sturdy Savings Bank in Stone Harbor, NJ, has a new CEO. The $1.3 billion-asset bank said in a press release that Gregory Matuson has also become its president. Matuson succeeded Gerald Reeves, who had held the top posts for 15 years. Matuson previously served as Study’s chief operating officer. He will also join the bank’s board. “During his tenure with Sturdy Savings Bank, Greg has proven himself to be an

Old Mission Bank in Sault Sainte Marie, Mich., has agreed to be sold to 4Front Credit Union in Traverse City, Mich. The $1 billion-asset 4Front said in a press release that it expects to buy the $130 million-asset bank from Old Mission Bancorp by the end of this year. The price wasn’t disclosed. "We believe in making banking smart and simple," Andy Kempf, the credit union’s CEO, said in a

Heritage Financial in Olympia, Wash., has entered the Boise, Idaho, market after hiring a lending team. The $7.2 billion-asset company said in a press release that it hired Mike Trueba to serve as commercial team leader and Kara Aburusa as a credit analyst senior. Heritage plans to hire more commercial relationship managers, deposit relationship managers and support staff. Boise is "a new market we have wanted to be in for

The CEO of Integrated Financial Holdings in Raleigh, N.C., has died in a plane crash in southern Virginia. Eric John Bergevin was also Integrated’s president. The crash occurred on Saturday, the $390 million-asset company said in a press release. Another passenger on the plane, Christian Rask Fauchild, also died, according to multiple media outlets. “This is an unfathomable loss to comprehend,” Marc McConnell, the company’s chairman, said in the release.