Trustmark in Jackson, Miss., has agreed to sell its corporate trust business to Peoples Financial in Biloxi, Miss. The $17.6 billion-asset Trustmark said in a press release Thursday that it expects to sell the business in the second quarter. Peoples said in a regulatory filing that it will pay $650,000 for the business, subject to adjustment.Trustmark's corporate trust business provides trust and agency services in connection with debt securities issued by public

Huntington Bancshares in Columbus, Ohio, has hired a former Truist Financial executive to oversee its consumer and business banking operations. The $174 billion-asset Huntington said in a press release Wednesday that Brant Standridge will become president of consumer and business banking in early April. He will oversee the company’s branches, business banking, mortgage and home lending and Huntington Financial Advisors. Standridge will join Huntington's executive leadership team and report to Steve Steinour, the company’s chairman, president

JPMorgan Chase in New York has agreed to buy Global Shares, an Irish company that provides cloud-based share plan management services. The $3.7 trillion-asset JPMorgan said in a press release Tuesday that it expects to complete the acquisition in the second half of this year. The company did not disclose the price it will pay. Global Shares, founded in 2005, has more than 600 clients that range from early stage startups to

OceanFirst Financial in Red Bank, N.J., has hired the former chief financial officer at First Midwest Bancorp to fill the same post. The $11.7 billion-asset OceanFirst said in a press release Thursday that Patrick Barrett will join the company as executive vice president of finance on April 18, then succeed Michael Fitzpatrick as CFO on June 2.  Fitzpatrick, who has been at OceanFirst for nearly 30 years, is retiring. He will

IncredibleBank in Wausau, Wis., is making a push into Florida. The $1.8 billion-asset bank is planning to enter the Sunshine State with a full-service branch in Cape Coral. Todd Nagel, the bank’s president and CEO, said the plan is to open the branch in the first quarter of 2023. The bank will have 10 employees initially. IncredibleBank has more than a dozen branches in Wisconsin and Michigan’s Upper Peninsula.

Eagle Bancorp Montana in Helena is promoting an insider to become its next CEO. The $1.4 billion-asset company said in a press release Wednesday that Laura Clark will also succeed Peter Johnson as its president. Johnson, who plans to retire on Dec. 31, will remain on the board. Clark, Eagle’s chief financial officer and chief operating officer, will become president on April 1 and CEO at the end of the year. Johnson “has

E. Phillip Wenger plans to retire as chairman and CEO of Fulton Financial in Lancaster, Pa. The $26 billion-asset Fulton said in a press release Wednesday that Wenger will step down on Dec. 31 after 43 years at the company. Wenger, who became CEO in 2013, will remain on the board. Curtis Myers, Fulton’s president and chief operating officer, will succeed Wenger as chairman and CEO. “I have spent all of my

Heartland Financial USA has removed Lynn Fuller as chairman after the Dubuque, Iowa, company’s retired CEO openly questioned its strategic direction and pressed for the board to find a buyer. The $19.3 billion-asset company said in a press release Wednesday that the board had appointed John Schmidt to serve as independent chairman. He joined the board in 2001. The board determined that Fuller “was no longer best positioned to serve in the