First Business Financial Services in Madison, Wis., has a new president. The $2.9 billion-asset company said in a press release that Dave Seiler will remain its chief operating officer. Seiler, who joined the company in 2016, oversees all revenue-generating business lines and various internal operations areas. Seiler succeeded Corey Chambas, who remains the company’s CEO. First Business said Mark Meloy, who was recently CEO of First Business Bank, was named

Richard Hunt is finding ways to stay busy after retiring as CEO of the Consumer Bankers Association. Hunt announced on his LinkedIn page that he had become a senior adviser at Boston Consulting Group and an advisory board member at SentiLink. Hunt led the CBA from 2009 until his retirement last summer.

Pacific West Bank in West Linn, Ore., has formed a holding company. The $291.3 billion-asset bank said in a press release that it is now a unit of Pacific West Bancorp. "The formation of the holding company will provide more efficient access to capital when the need arises and will put the bank in the best position to respond to future market conditions, as well as take advantage of future

Securrency, a cryptocurrency infrastructure startup, has hired the head of State Street Digital as its CEO. Nadine Chakar will take over the role on Monday, succeeding Dan Doney, who became chief technology officer. Chakar also led State Street Global Markets, where she oversaw its trading, product and operations platform. She has served on Securrency’s board since 2021. "Nadine is an exceptional leader and Securrency has been fortunate to leverage her

CIB Marine Bancshares in Champaign, Ill., plans to expand its mortgage lending operations into six states   The parent of the $755 million-asset CIBM Bank said that it plans to hire about 30 loan officers as part of an expansion into Arizona, Connecticut, Florida, New York, Massachusetts and Rhode Island.   The push is expected to more than double the bank’s mortgage originations.   Frank Binetti, who recently served as

Community bankers said cybersecurity and credit risk are their biggest challenges in 2023. About 85% of the more than 100 respondents polled by the Risk Management Association that they were concerned about cybersecurity, while 84% pointed to credit risk. The survey, conducted last summer, featured executives at banks with $10 billion or less of assets. Only half of the bankers identified regulatory compliance as their biggest challenge. Roughly 56% of

Carver State Bank in Savannah, Ga., didn’t have to look to far to find its next leader. Robert James Sr. is set to retire from the $79.5 million-asset bank. His son, Robert James II, will take over the bank’s day-to-day operations, according to Georgia Public Broadcasting News. “My son has become extremely involved in the bank,” the elder James told the website. “He was a part of our succession plan

FirstPerryton Bancorp in Perryton, Texas, has raised $37.3 million through a private placement of common stock. The parent of the $1.5 billion-asset FirstBank Southwest completed the placement on Dec. 29, according to data compiled by Performance Trust Capital Partners. Banks raised nearly $4.2 billion in 2022 from selling common stock, including $168 million in the fourth quarter, according to Performance Trust.