Strategic Insights into Banking & Fintech
First National of Nebraska in Omaha has agreed to buy Blue Ridge Bancshares in Independence, Mo. The $35 billion-asset parent of FNBO said in a press release that it expects to buy the holding company for the $850 million-asset Blue Ridge Bank and Trust by the end of this year. The price wasn't disclosed. “FNBO has been intentional about our growth in this region, and Blue Ridge Bank fits that
FS Bancorp in Mountlake Terrace, Wash., has a new CEO. The company said in a press release that Matthew Mullet had succeeded Joe Adams, who retired. Mullet will remain the company's president, as well as president and CEO of the bank. Adams will remain on the board.
Orrstown Financial in Harrisburg, Pa., has a new leader. The $5.6 billion-asset company said in a press release that Adam Metz had become its president and CEO. Metz, who was chief operating officer, succeeded Thomas Quinn Jr., who retired. Metz also joined the board. “Adam is a proven and respected leader who understands our markets, our clients, and the importance our commitment to community banking,” Joel Zullinger, Orrstown's chairman, said
Bogota Financial in Teaneck, N.J., has agreed to buy GSL Savings Bank in Guttenberg, N.J. Bogota said in a press release that it will issue shares to GSL's mutual holding company as part of the deal, which is expected to close in the second half of 2026. The terms were not disclosed. The deal "allows us to expand our ability to deliver personalized service and enhanced financial solutions while preserving
Tom O'Brien can't quit banking. The veteran turnaround artist has agreed to become the president and CEO of BCB Bancorp in Bayonne, N.J. The company said in a press release that O'Brien, 75, will also join its board. O’Brien was chairman, president and CEO of Sterling Bancorp, orchestrating the sale of most of its banking operations. He also turned about and sold Sun Bancorp in New Jersey and was CEO
State Bank of Cherry in Cherry, Ill., has agreed to buy First State Bank of Van Orin in Van Orin, Ill. The banks did not disclose the pricing. The deal is expected to close in the third quarter. JoAnna Engels, president and CEO of State Bank of Cherry, said in the announcement that she "looks forward to working with the Van Orin, Malden and surrounding communities for years to come”.
Coastal Carolina Bancshares in Myrtle Beach, S.C., has agreed to buy Beacon Holding Co. in Charleston, S.C. Coastal Carolina said in a press release that it will exchange stock for the parent of Beacon Community Bank. The deal is expected to close in the third or fourth quarter. The combined bank will be rebranded as Beacon Bank. Coastal will have eight of the board's 15 seats. Laurence Bolchoz will remain
Orion Financial in Memphis, Tenn., is looking to disrupt the status quo among vendor management consultants with an effort led by former executives from an established firm. Mark Mrva, who recently joined Orion from Strategic Resource Management, wrote on LinkedIn that the credit union had formed WonderLab Advisors, a new firm designed to help credit unions assess vendor programs, improve third-party spend, strengthen procurement governance, and build scalable sourcing processes. Ben
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