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.

U.S. Bancorp in Minneapolis has hired a former JPMorgan Chase executive to oversee its branch network. The $601 billion-asset company said in a press release that Sekou Kaalund had filled the newly created role of head of branch banking. He is responsible for more than 2,200 branches, along with consumer and small business bankers in 26 states. Kaalund most recently served as the consumer bank division director for the northeast

First Bank in Hamilton, N.J., has agreed to buy Malvern Bancorp in Paoli, Pa. The $2.6 billion-asset First Bank said in a press release that it will pay $149.5 million in cash and stock for the $1 billion-asset Malvern. The deal, which is expected to close in the second quarter, priced Malvern at 102.1% of its tangible book value. Malvern has nine branches, $815.6 million of loans and $785.3 million