Truist Financial in Charlotte, N.C., has a new chief financial officer. The $545 billion-asset company said in a press release Wednesday that it Mike Maguire, its chief consumer finance and payments officer, will succeed Daryl Bible as CFO on Sept. 15. Bible in May announced plans to retire. Maguire will remain on Truist’s executive leadership team, reporting to Chairman and CEO Bill Rogers.“Mike is a strategic and purpose-driven leader with an exceptional depth

LINKBANCORP in Harrisburg, Pa., plans to raise up to $50 million through an initial public offering.The $1.1 billion-asset company said in a press release Wednesday that it plans to sell about 4.6 million shares of common stock at $8 to $9.50 each. The underwriters can sell another 686,000 shares if there is enough demand. The stock is expected to trade on the Nasdaq under the symbol “LNKB.” LINKBANCORP said it could use

SmartFinancial in Knoxville, Tenn., has acquired an insurance agency. The $4.8 billion-asset company said in a press release Tuesday that it bought the operating assets of Sunbelt Group in Chattanooga, Tenn., for $6.5 million. Sunbelt, formed in 1984, provides personal and commercial property and casualty insurance, as well as life and health. The agency also has a transportation insurance department. “Sunbelt Insurance represents many of the finest national and regional insurance companies in

Western Alliance Bancorp. in Phoenix has formed an executive leadership team in conjunction with a series of personnel moves. The $65 billion-asset company said in a press release Tuesday that the team is responsible for making key policy decisions and guiding its strategic direction. The move is designed to position Western Alliance as it prepares to cross over $100 billion of assets, Kenneth Vecchione, the company’s president and CEO, said in the

State Street in Boston said it remains committed to its proposed purchase of Brown Brothers Harriman’s Investor Services business despite a delay getting regulatory approval. The $300 billion-asset company disclosed in a regulatory filing that the it “continues to believe the strategic rationale for the transaction remains attractive.” State Street said the parties are discussing a modified structure, terms and valuation for the deal. They are also “reviewing the planned approach with

Cross County Bank in Wynne, Ark., plans to streamline its branding.The $378 million-asset bank plans to use the Cross Bank brand for its 10 branches. Currently, four locations operate as Cross County Bank while the other six operate as First Commercial Bank. The changes will take place on Nov. 21 and will include a new logo. The effort “simplifies matters for our customers and our communities,” David Dowd, Cross County Bank’s president

First Citizens BancShares in Raleigh, N.C., has formed a unit to offer middle-market banking services.The $108 billion-asset company, which acquired CIT Group in January, said in a press release Tuesday that the Charlotte unit will focus on North Carolina, Virginia, South Carolina, Georgia and Florida. First Citizens will offer senior secured loans, cash-flow loans, capital markets services, foreign exchange capabilities, asset-based lending and treasury and payments services. Clients will typically have

Liberty Bank in Middletown, Conn., is close to launching a digital bank that will focus on small businesses.The $7.4 billion-asset bank plans to open the bank in the first quarter, according to the Hartford Business Journal. The plan is to offer loans and deposits, along with a series of solutions for invoicing, payments and expense management. Liberty had planned to debut the bank in 2021 but faced a series of Covid-related delays.