Lynn Fuller, a former CEO of Heartland Financial USA, is retiring as the Dubuque, Iowa, company’s executive operating chairman. The $19.3 billion-asset company disclosed in a regulatory filing Friday that Fuller, 72, will step down at its 2022 annual meeting. He will remain on Heartland’s board; his current three-year term is set to end in 2024. Fuller had a large role turning Heartland into the company it is today. He was

Hanover Bancorp in Mineola, N.Y., is setting the stage for an initial public offering. The $1.5 billion-asset company filed a shelf registration on Wednesday for the proposed IPO. The filing did not provide a timeline or an estimate of how capital would be raised.Stephens and Piper Sandler would underwrite the offering. Hanover said “substantially of the offering’s net proceeds would go to its bank to “enhance regulatory capital to support organic and

Cadence Bank in Houston has committed $20.7 billion to low- and moderate-income communities as part of the five-year community benefits plan. Cadence, which merged with BancorpSouth in Tupelo, Miss., last fall to create a $50 billion-asset bank, said in a press release Thursday that it worked on the plan with the National Community Reinvestment Coalition. The plan includes $11.8 billion in residential mortgage loans to low- and moderate-income (LMI) borrowers, LMI geographies and

The mutual holding company of East Cambridge Savings Bank in Massachusetts has agreed to buy Patriot Community Bank in Woburn, Mass. The $1.3 billion-asset 1854 Bancorp said in a press release Friday that it will pay $15.75 a share for the $208 million-asset Patriot Community. The deal is expected to close in the third quarter. “Through this merger, we look forward to providing expanded banking services and convenience to consumers and small

Popular Inc. in San Juan, Puerto Rico, has agreed to buy its customer experience and key client-facing applications from Evertec.The $75 billion-asset Popular disclosed in a regulatory filing Thursday that it will pay $197 million for the assets by lowering its stake in Evertec from about 16% to 10.5%. The acquisition includes the Mi Banco digital banking platform, cash management online application and other digital customer service applications, Popular said in

Professional Holding in Coral Gables, Fla., has made an abrupt change in leadership.The $2.7 billion-asset company said in a press release Thursday that Abel Iglesias has been elected CEO, effective immediately. Iglesias, who joined Professional in 2013, has been its bank’s president since 2016. Iglesias succeeded Daniel Sheehan, who parted ways with Professional “by mutual agreement,” the company said. Sheehan, who also resigned from the board, had been the company’s

Origin Bancorp in Ruston, La., has agreed to buy BT Holdings in Quitman, Texas. The $7.9 billion-asset Origin said in a press release Thursday that it will pay $313.5 million in stock for the $2 billion-asset parent of BTH Bank. The deal, which is expected to close in the second half of 2022, priced BT Holdings at 151% of its tangible book value. “I am excited to bring our strong teams

Texas Capital Bancshares in Dallas has expanded its commercial lending certificate program for historically black colleges and universities to include Huston-Tillotson University in Austin, Texas. The $34.7 billion-asset Texas Capital, through a partnership with the American Bankers Association, already offers the certificate at Prairie View A&M University in Prairie View, Texas. The program was launched last year. Texas Capital, “in collaboration with Huston-Tillotson and the American Bankers Association, aims to provide students