The Consumer Bankers Association has found a successor for the retiring Richard Hunt.The association said in a press release Tuesday that Lindsey Johnson, president of U.S. Mortgage Insurers since 2015, will become its president and CEO on July 5. “From leading an industry association that works to expand access to homeownership to serving in senior leadership roles on Capitol Hill and within the financial services industry, Lindsey brings to CBA nearly

A judge has urged Bremer Financial and the trust that owns it to resolve longstanding legal differences and find a buyer for the St. Paul, Minn., bank. Ramsey County District Judge Robert Awsumb made the assessment as part of a 103-page ruling issued on April 29. “Capturing the hard-earned value of [Bremer] in today's marketplace would greatly increase [founder Otto Bremer’s] charitable endowment, while allowing [Bremer] to grow and prosper in the

Truist Financial in Charlotte, N.C., has acquired Long Game, a gamified finance mobile app. The $544 billion-asset Truist did not disclose the price it paid. Long Game uses prize-linked savings and casual gaming to motivate smart financial behavior. The goal is to add new accounts and retain clients. Truist said it will leverage the acquisition to help clients “build long-term financial wellness and advance its purpose to inspire and build better lives and

Lewis Critelli, who is retiring as president and CEO of Norwood Financial, will become the Honesdale, Pa., company’s chairman. The $2.1 billion-asset company said in a press release that Critelli will take on the new role after he steps down from his leadership posts on May 9. Critelli joined the bank in 1995 as chief financial officer. He has been president and CEO since 2010.  The company said in March that James

Midland States Bancorp in Effingham, Ill., is working with LendingPoint to fund consumer loans using the AI-driven fintech's national network of point-of-sale relationships. The $7.3 billion-asset Midland States said in a press release Monday that it expects outstanding balances to increase by $200 million to $250 million over the next couple of years due to the partnership. “As one of the first community banks to engage in fintech partnerships, we have benefited

Origin Bancorp in Ruston, La., has added the CEO of a community development financial institution to its board. The $8.1 billion-asset Origin said in a press release Monday that Daniel Chu was elected as a director at its April 27 annual meeting. Chu is the founder and CEO of Tricolor Holdings, a Dallas CDFI that uses technology to advance financial inclusion to the Hispanic community.  Chu’s “entrepreneurial mindset and vast experience

A Chicago company that provides AI solutions for lenders has resubmitted an application for deposit insurance for a proposed de novo bank.    Organizers of BetaBank filed a new application with the Federal Deposit Insurance Corp. on Thursday. The group originally applied with the FDIC last summer.    The bank would operate as a unit of Beta Financial Services, which is consistent with the original application. Beta Financial plans to apply

California BanCorp in Oakland, Calif., has a new president. The $1.9 billion-asset company said in a press release Monday that Thomas Sa was also named president of its bank, effective immediately. Sa will remain the company’s chief financial officer and chief operating officer. Sa succeeded Steven Shelton, who remains CEO. The move “reflects the growth of the company and the management structure we believe is best suited to continue effectively executing on the