The White House plans to nominate Martin Gruenberg to serve as chairman of the Federal Deposit Insurance Corp. President Biden made the announcement in a Monday press release. Gruenberg has been acting chairman since Jelena McWilliams resigned in February. Gruenberg, who joined the FDIC in 2005, is the longest-serving director in the FDIC’s history and was chairman from November 2012 to June 2018. He also served as acting chairman from

Friendly Hills Bancorp in Whittier, Calif., plans to change the name of its bank. The $306 million-asset company said in a press release Monday that Friendly Hill Bank will be rebranded as First Pacific Bank by the end of this year. The company is also planning a new logo and website. “As we continued to grow and expand our footprint, we knew we needed a name that better demonstrated who

Hills Bancorp. in Hills, Iowa, has a new bank president. The $4 billion-asset company disclosed in a regulatory filing Monday that Lisa Shileny had taken on the role at Hills Bank and Trust last week. She will remain chief operating officer. Dwight Seegmiller remains the company’s president and CEO and the bank’s CEO. Shileny, who joined Hills in 2005, has been COO since December 2021. She was general counsel from

Washington Federal in Seattle has agreed to buy Luther Burbank in Santa Rosa, Calif.   The $20.8 billion-asset Washington Federal said in a press release Monday that it will pay $654 million in stock for the $7.9 billion-asset parent of Luther Burbank Savings. The deal, which is expected to close as early as the second quarter, priced Luther Burbank at 97% of its tangible book value.   The move will

U.S. Bancorp in Minneapolis said its technology and operations leader will retire. The $601 billion-asset company said in a press release that Jeff von Gillern, vice chair of technology and operations services, will step down in late 2023. He Gillern will remain with U.S. Bancorp as it integrates MUFG Union Bank. “Jeff has helped to elevate our technology profile and reputation inside and outside the organization, and he has strengthened

PB Bankshares in Coatesville, Pa., has agreed to sell its corporate headquarters office. The $377 million-asset company disclosed in a regulatory filing that it will sell the office, which includes a branch, for $950,000. PB will lease a portion of the property, including the branch, from the buyer.

Silvergate Capital in La Jolla, Calif., highlighted its access to liquidity in light of volatility tied to digital assets. Binance earlier signed a letter of intent to buy crypto exchange FTX, with Binance CEO Changpeng Zhao tweeting about a "significant liquidity crunch” at FTX. Binance quickly backed away, with Zhao citing issues "beyond our control or ability to help." The $15.5 billion-asset Silvergate noted in a press release Wednesday that it

The president of First Foundation in Dallas has resigned. The $12.3 billion-asset company said in a press release Tuesday that David DePillo, who had been president since 2015, had stepped down. Kevin Thompson, the company’s chief financial officer, succeeded DePillo on an interim basis. The company said it plans to conduct a search process for a permanent president. “The entire executive management team appreciates the service David has given to First