Strategic Insights into Banking & Fintech

Prospect Bank in Illinois taps insider as new CEO

Prospect Bank in Illinois taps insider as new CEO

Prospect Bank in Paris, Ill., has a new CEO. The $698.1 million-asset Prospect said in a press release that Eric Volkmann also became its chairman. Jenelle Adams will succeed Volkmann as president on Jan. 1. She is an executive vice president at the bank.

September 24, 2025
Cooperative Bank of Cape Cod in Mass. opts for shorter name

Cooperative Bank of Cape Cod in Mass. opts for shorter name

Cooperative Bank of Cape Cod in Yarmouth Port, Mass., shortened its name. The $1.6 billion-asset bank rebranded as Cape & Coast Bank. “As Cape Cod has evolved, so too has the bank, adapting to meet the needs of all who live, work, and love this place,” Lisa Oliver, the bank's chair, president and CEO, said in a statement. “This new name and refreshed brand are a natural next step, honoring

September 24, 2025
QNB to buy Victory Bancorp in Pennsylvania

QNB to buy Victory Bancorp in Pennsylvania

QNB Corp. in Quakertown, Pa., has agreed to buy Victory Bancorp in Limerick, Pa. The $1.9 billion-asset QNB said in a press release that it will pay $41 million in stock for the $500 million-asset Victory. The deal is expected to close in the fourth quarter. The deal is projected to be about 16% accretive to QNB’s 2026 earnings per share and 19% accretive the following year. It should take

September 23, 2025
America First FCU to buy Meadows Bank in Nevada

America First FCU to buy Meadows Bank in Nevada

America First Federal Credit Union in Riverdale, Utah, has agreed to buy Meadows Bank in Las Vegas. The $23 billion-asset America First aims to be the biggest credit union to buy a bank. It did not disclose the price it plans to pay for the $1.4 billion-asset Meadows. Meadows has six branches in Nevada and Arizona. The deal "will further strengthen America First’s ability to provide its members with comprehensive

September 23, 2025
Fidelity Bank in Iowa applies to buy Frost State and State Savings Bank

Fidelity Bank in Iowa applies to buy Frost State and State Savings Bank

Fidelity Bank & Trust in Dubuque, Iowa, has applied to buy Frost State Bank in Frost, Minn., and State Savings Bank in Rake, Iowa. The $2 billion-asset Fidelity submitted applications with the Federal Deposit Insurance Corp. on Sept. 22 to buy the $53.4 million-asset Frost and the $80.5 million-asset State Savings. The prices were not disclosed.

September 23, 2025
Park State in Minnesota applies to buy First National Bank of Chisholm

Park State in Minnesota applies to buy First National Bank of Chisholm

Park State Bank in Duluth, Minn., has applied to buy First National Bank of Chisholm in Minnesota. The $1.4 billion-asset Park State submitted its application with the Federal Deposit Insurance Corp. on Sept. 18. It did not disclose how much it plans to pay for the $77.3 million-asset First National. The deal is expected to close in the fourth quarter. “This is more than a merger — it’s a meaningful

September 22, 2025
Grand Marais and CenBank in Minnesota to merge

Grand Marais and CenBank in Minnesota to merge

The owners of Grand Marais State Bank in Grand Marais, Minn., and CenBank in Buffalo Lake, Minn., are merging the banks. The group said in a press release that it expects to merge the $81.3 million-asset CenBank into the $117.6 million-asset Grand Marais in the first quarter. Grand Marais will have five branches when the merger is complete. "This merger provides Grand Marais ... an opportunity for significant growth and

September 22, 2025
Sound in Seattle promoting CFO to become president

Sound in Seattle promoting CFO to become president

Sound Financial Bancorp in Seattle has a new president. The $1.1 billion-asset said in a press release that Wes Ochs will take on the role on Oct. 1. Ochs, who is the chief financial officer, will succeed Laurie Stewart, who remains CEO.

September 22, 2025