Sterling Bancorp in Southfield, Mich., which recently filed a lawsuit against its founder and former CEO, has hired a chief legal officer. The $2.5 billion-asset company disclosed in a regulatory filing that it had added Elizabeth Keogh as part of a reorganization of its legal department. Keogh has been a self-employed legal consultant for the past 13 years, with Sterling among her clients. Prior to 2009, she was a corporate

RBB Bancorp in Los Angeles didn’t have to look too hard to find its permanent CEO.   The $3.9 billion-asset company said in a press release that it has removed “interim” from David Morris’ title. Morris, who will remain RBB’s chief financial officer, will join the company’s board.   Morris will spearhead efforts to hire a president.   RBB said that Shalom Chang, who had been its controller, had become

Citizens Community Bancorp in Eau Claire, Wis., is thinning its branch network. The $1.8 billion-asset company said in a press release that it closed a branch in St. James, Minn., in September. Citizens plans to close two more branches – in Rice Lake, Wis., and Red Wing, Minn. – by the end of this year. The St. James branch had about $18.7 million of deposits. Citizens incurred about $302,000 of

MainStreet Bancshares in Fairfax, Va., expects its Banking-as-a-Service (BaaS) division to break even within two years of having a fully operational solution. The $1.9 billion-asset company was asked during its Oct. 17 earnings conference call to provide that estimate for its Avenu business. Management made good on a promise to look into the request and provide the information. Avenu has one BaaS client so far. It also has a Software-as-a-Service

Biller Genie, a Miami fintech that provides AR automation and has a B2B payments platform, will open an office in Orlando after raising $5 million in Series A funding.   The fintech said that the round was led by Henry Helgeson, who will join its board. Biller Genie plans to use the funding to continue expanding its products and distribution channels, automate onboarding and develop new tools that include APIs.

Chris Sawyer has become president and CEO of Grand Bank for Savings in Hattiesburg, Miss. Sawyer, who had been the $107 million-asset bank’s chief financial officer, made the announcement via an update on his LinkedIn profile. Sawyer, who joined Grand in 2019, was president of Peoples Bank of Alabama from 2007 to 2014. He was a regional financial officer at Regions Bank from 1995 to 2006. Ed Langton had been

Atlantic Union Bankshares in Richmond, Va., is looking to address an issue with some customers’ accounts. The $20 billion-asset Atlantic Union “is working diligently” with a vendor after customers reported that deposits disappeared from their accounts without any notice. The company said the issue stems from a system change by the unnamed vendor.  “I would like to offer my personal apology to any of our customers who were impacted,” John Asbury,

Western Commerce Bancshares of Carlsbad in New Mexico has agreed to buy Western Bancshares of Clovis in New Mexico. Western Commerce, the holding company for the $617 million-asset Western Commerce Bank, said in a press release that it expects to complete the purchase of the $64.4 million-asset parent of Western Bank of Clovis in the first quarter. The price wasn’t disclosed. The deal “will only make both banks stronger,” Kenneth