Ames National in Iowa has a new chairman. The parent of the $1.1 billion-asset First National Bank said in a press release that Thomas Pohlman had stepped down after five years as its chairman. He was succeeded by Patrick Hagan. Pohlman, who has been on the board for 15 years, will remain a director until he reaches the mandatory retirement age next April. Hagan, a retired executive at Fareway Stores, has been an

Truist Financial in Charlotte, N.C., is looking for its next chief financial officer. The $544 billion-asset company said in a press release Friday that Daryl Bible will retire as its CFO. He will remain at Truist until they hire his successor. “Daryl has played an instrumental role in the success of our merger of equals—one of the largest financial services mergers in recent history,” Bill Rogers, Truist’s chairman and CEO, said in

Coastal Financial in Everett, Wash., has a new president. The $2.8 billion-asset company said in a press release Wednesday that it had hired Curt Queyrouze for the post. He succeeded Eric Sprink, who remains CEO. Queyrouze previously served as president and CEO of TAB Bank in Utah. “As Coastal becomes a more complex and rapidly growing bank, with both our community bank and our Banking as a Service (BaaS) division … we are

Agility Bank, a proposed women-owned de novo bank with a digital focus, is set to open next week.Organizers of the women-run bank, which is planned to open in Houston, made the announcement in a Wednesday press release. The bank will open with $35 million in initial capital. The group behind the nationally chartered bank filed its initial application in April 2020.  The Federal Deposit Insurance Corp. provided conditional approval for deposit

Vernon Hill has filed a lawsuit against Republic First Bancorp in Philadelphia – where he is the CEO.Hill’s lawsuit, filed Tuesday in U.S. District Court for the Eastern District of Pennsylvania, is seeking a temporary restraining order to block the $5.7 billion-asset company’s board from conducting business without a quorum, communicating with bank employees or “taking any other actions that will disturb the status quo on the board.” Hill was replaced

BayFirst Financial in St. Petersburg, Fla., has closed three mortgage offices after shutting down its primary consumer direct mortgage business. The $889 million-asset company said in a regulatory filing Wednesday that the closure was part of a broader restructuring of its residential mortgage division. BayFirst closed residential loan production offices in Overland Park, Kan.; New Albany, Ohio; and Tampa, Fla. The restructure reflects "reduced volume due to a lack of refinance demand

Organizers of the proposed Integro Bank in Phoenix have received conditional approval from the State of Arizona Department of Insurance and Financial Services. The group must raise at least $27.9 million in capital. The effort also needs approval from the Federal Deposit Insurance Corporation to obtain deposit insurance. "With this state regulatory approval representing a major milestone, our team is now focused on collecting the remaining funds from our investor pipeline so that

The Federal Reserve and the Office of the Comptroller of the Currency will hold public hearings on BMO Financial’s planned acquisition of Bank of the West and TD Bank’s proposed purchase of First Horizon.The hearing for the $16 billion merger of BMO and Bank of the West is set for July 14, while the hearing for the $13.4 billion combination of TD Bank and First Horizon will take place on