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

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

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

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

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

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