California BanCorp in San Diego didn't have to look far to find its next CEO. The company said in a press release that David Rainer, its chairman, had succeeded Steven Shelton, who retired on Dec. 31. “On behalf of our board ... and all of us at the bank, I want to thank Steve for all he has done to help grow and develop California Bank of Commerce into a premier,

First Federal Bank in Lake City, Fla., has agreed to buy the mortgage division of FB Bancorp in New Orleans. The $4.1 billion-asset First Federal did not disclose how much it will pay the $1.2 billion-asset Fidelity for NOLA Lending Group. The deal is expected to close in the first quarter. "Our mission is to provide mortgages from a financially stable institution that is a great place to work and

The Kafafian Group, an advisory practice focused on financial institutions, has been acquired by Wolf & Co. Wolf & Co., a national advisory, assurance, and tax firm, did not disclose how much it paid. Kafafian Group said in a LinkedIn post that it will be integrated as a line of service within the Wolf & Co. brand.

Mound City Bank in Platteville, Wis., has a new leader. The $516 million-asset bank said on its LinkedIn account that Mike Phillips has become its CEO. Phillips became the bank's president in 2024. Before that, he was chief lending officer at Bank of Prairie Du Sac.

Mid Penn Bancorp in Harrisburg, Pa., bought Cumberland Advisors, an investment adviser in Sarasota, Fla. The $6 billion-asset Mid Penn did not disclosed the price it paid for the firm, which has about $3.2 billion in assets under management. “Cumberland has built a strong reputation for excellence and is the ideal choice to help us continue our legacy of delivering exceptional financial solutions while maintaining a strong commitment to customer

Horizon Bank in Michigan City, Ind., has agreed to sell a branch in Charlevoix, Mich., to 4Front Credit Union in Traverse City, Mich. The application was recently filed with the Federal Deposit Insurance Corp. The branch had $18.6 million of deposits as of June 30, according to FDIC data. The purchase price wasn't disclosed. “We are pleased to have Horizon Bank’s Charlevoix customers and employees join 4Front Credit Union,” 4Front

Capital Bancorp in Rockville, Md., has a new bank president. The $3.4 billion-asset company said in a press release that Steve Poynot, its president and chief operating officer, had become CEO of Capital Bank. Ed Barry remains the company's CEO under a new employment agreement that lasts until December 2027. “Our long-term growth strategy is built around creating a diversified financial services enterprise comprised of a core commercial bank and

OceanFirst Financial in Red Bank, N.J, has agreed to buy Flushing Financial in Uniondale, N.Y. The $14.3 billion-asset OceanFirst said in a press release that it will pay $579 million in stock for the $8.9 billion-asset Flushing. The deal, which is expected to close in the second quarter, priced Flushing at 80% of its tangible book value. OceanFirst also plans to raise $225 million by selling securities to affiliates of