Strategic Insights into Banking & Fintech

Calvin B. Taylor Bankshares in Md. has new chairman

Calvin B. Taylor Bankshares in Md. has new chairman

Calvin B. Taylor Bankshares in Berlin, Md., has a new chairman. The company said in a press release that Tom Coates was also named chairman of its $931 million-asset bank. Coates, a director since May 2014, is a member of accounting firm Coates, Coates and Coates. He also chairs the bank’s governance committee and is a member of the audit committee. Coates' “legal and accounting background and previous board leadership

December 19, 2022
ACNB in Pennsylvania to rebrand Maryland operations

ACNB in Pennsylvania to rebrand Maryland operations

ACNB in Gettysburg, Pa., is applying its brand to its operations in Maryland. The $2.7 billion-asset company said in a press release that NWSB Bank and FCB Bank will become ACNB Bank on Jan. 1. The current brands will be retired. “We believe this brand alignment will eliminate any confusion for our customers who bank in multiple markets, as well as will allow us to operate more cohesively under one

December 19, 2022
M&T Bank to sell specialized trust business

M&T Bank to sell specialized trust business

M&T Bank in Buffalo has agreed to sell the collective investment trust business of one of its subsidiaries to Madison Dearborn Partners. The $198 billion-asset M&T said in a press release that its Wilmington Trust unit expects to complete the sale in mid-2023. The price wasn’t disclosed. The CIT business provides third-party trustee and administrative services to asset managers and the employer-sponsored retirement market. It manages about $115 billion in assets

December 19, 2022
Traditions First in Tenn. lines up next president

Traditions First in Tenn. lines up next president

Traditions First Bank in Clarksville, Tenn., will soon have a new president. The $235 million-asset bank said in a press release that Kyle Miller will take on the role on Jan. 1. Miller has been an executive vice president and served on the bank’s board since its formation in 2000. Miller will succeed Tommy Mitchell, who will remain CEO. Miller “is uniquely qualified to be the next president of Traditions

December 16, 2022
Former CFPB official to advise fintech Pinwheel

Former CFPB official to advise fintech Pinwheel

Pinwheel, a fintech that aggregates real-time income and employment data, has added a former Consumer Financial Protection Bureau official to its advisory team. The company said in a press release that Raj Date had become an advisor. Date, a former deputy director at the CFPB, is a managing director of Fenway Summer, an investment firm, and a co-founder of FS Vector, an advisory firm. Date participated in Pinwheel’s $20 million

December 16, 2022
Atlanta credit union agrees to buy Georgia bank

Atlanta credit union agrees to buy Georgia bank

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

December 16, 2022
Synovus CEO to become chairman in 2023

Synovus CEO to become chairman in 2023

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

December 15, 2022
Washington Trust in R.I. taps insider as next president

Washington Trust in R.I. taps insider as next president

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

December 15, 2022