Live Oak Bancshares in Wilmington, N.C., has expanded the roles of several executives. The $8.6 billion-asset company disclosed in a regulatory filing Thursday that B.J. Losch, its chief financial officer, had added the title of chief banking officer. He is now in charge of lending, deposits and related operations. Stephanie Mann, who leads corporate strategy, development, Live Oak Ventures and Live Oak Private Wealth, was named chief strategy officer.   Courtney Spencer was

I thought I'd talk about de novo activity since I noticed that there are currently four active applications with the Federal Deposit Insurance Corp. for deposit insurance, including one for Zenith Bank & Trust. A few months ago, I saw a headline announcing a 'surge' in de novo activity. While there are more applications, approvals and openings compared to years past, I am hesitant to say we're seeing a renaissance of

An appeals court has overturned a judge’s ruling that has kept Vernon Hill in power at Republic First Bancorp in Philadelphia. Judge Paul Diamond had previously blocked a group of directors from ousting Hill as chairman and CEO of the $5.7 billion-asset company. The judge appointed a custodian to schedule an election to fill a board vacancy to resolve a longstanding dispute between Hill and certain investors. The three-judge Third Circuit federal

RBB Bancorp in Los Angeles has hired a banker to oversee its Small Business Administration lending operations. The $4 billion-asset company said in a press release Wednesday that it had Edwin Oh is its new SBA manager. Oh brought two SBA-focused bankers over to RBB. Oh previously served as an credit department manager at VelocitySBA. RBB also said it had rehired Rick Carpenter as a commercial lending manager. He had previously worked at

Fulton Financial in Lancaster, Pa., will do away with fees for nonsufficient funds (NSF) and extended overdrafts during the fourth quarter. The $26 billion-asset company did not disclose the financial impact of the planned changes.An extended overdraft occurs when an account balance remains negative for more than five consecutive business days. “We’ve received consumer customer feedback, and this is another way we’re responding and helping,” Andy Fiol, Fulton’s head of consumer

The USDF Consortium has a new CEO. The group, created in January to build a bank network to mint and use stablecoins, said in a press release Wednesday that it had hired Rob Morgan to fill the post. Morgan previously served as senior vice president of innovation and strategy at the American Bankers Association. He built and led the association’s office of innovation. "Banks have a strong history of bringing responsible innovations

A recently created credit union association has a new brand. The Mountain West Credit Union Association and Northwest Credit Union Association, which merged on June 30, are now collectively known as the GoWest Credit Union Association. The association serves more than 300 credit unions with 16.5 million members in Arizona, Colorado, Idaho, Oregon, Washington and Wyoming. GoWest said it will debut a new website in January.

Florence Bank in Massachusetts is looking for a new CEO. The $1.9 billion-asset bank said in a press release Tuesday that Kevin Day will also retire as its president on Nov. 25. The bank said it is already searching for his successor. Day joined the bank in 2008 as its chief financial officer. He became president in January 2020 and CEO a few months later. “Our goal in this transition is to