Strategic Insights into Banking & Fintech

Amerant lines up sale-leaseback of corporate HQ

Amerant lines up sale-leaseback of corporate HQ

Amerant Bancorp in Coral Gables, Fla., is set to bring in $135 million from selling its headquarters property. The $7.5 billion-asset company disclosed in a regulatory filing Wednesday that it will sell the building, along with surrounding real estate, in a deal that is expected to close by Dec. 15. Amerant plans to lease the property from the buyer for 18 years at “a market rent and with customary terms and

December 2, 2021
InBankshares in Colo. to buy Legacy Bank

InBankshares in Colo. to buy Legacy Bank

InBankshares in Denver has agreed to buy Legacy Bank in Wiley, Colo. The $705 million-asset InBankshares said in a press release Wednesday that it will pay $56 million in cash and stock for the $497 million Legacy. The deal is expected to close in the second quarter. Legacy, founded in 1907, has nine branches, $316 million of loans and $426 million of deposits. "We are excited to announce this partnership that expands

December 2, 2021
TriState in Pittsburgh lines up next CEO

TriState in Pittsburgh lines up next CEO

TriState Capital Holdings in Pittsburgh will soon have a new CEO.The $12.1 billion-asset company said in a press release Wednesday that Brian Fetterolf will also become its president on Jan. 1. Fetterolf will succeed James Getz, who will remain chairman. Getz, who has been president and CEO since 2007, will continue to lead the board and support strategic business development activities. Getz will also remain chairman of TriState Capital Bank and

December 1, 2021
BOK Financial accelerates CEO succession

BOK Financial accelerates CEO succession

BOK Financial in Tulsa, Okla., has accelerated the succession plan for its president and CEO. The $47 billion-asset company said in a press release Wednesday that Steven Bradshaw will retire on Dec. 31. He will be succeeded by Stacy Kymes, the company's chief operating officer.BOK said in August that Bradshaw would retire on March 31. “It has been an extreme honor to serve BOK Financial and to play a role in the

December 1, 2021
Organizers apply to form Bank of Burlington in Vermont

Organizers apply to form Bank of Burlington in Vermont

A group is looking to form a bank in Burlington, Vt. Organizers of Bank of Burlington applied on Tuesday with the Federal Deposit Insurance Corp. for deposit insurance. The application wasn’t immediately available. A public notice filed in conjunction with the application listed 19 organizers, including Bruce Lisman, a former chairman of the global equities division of JPMorgan Chase. At least three organizers have ties to Champlain Investment Partners, including CEO Judith

December 1, 2021
First National in Omaha to enter Wyo. via acquisition

First National in Omaha to enter Wyo. via acquisition

Lauritzen Corp. has agreed to buy Western States BanCorp. in Laramie, Wyo.Lauritzen, the parent of the $25.7 billion-asset First National Bank of Omaha, did not disclose the price it will pay for the $542 million-asset Western States. The deal is expected to close in the first quarter.Western States has 10 branches and $486 million of deposits in northern Colorado, western Nebraska and southeastern Wyoming. First National “has a long, proud history

November 30, 2021
Ion in Connecticut to acquire Lincoln Park in N.J.

Ion in Connecticut to acquire Lincoln Park in N.J.

Ion Financial in Naugatuck, Conn., has agreed to buy Lincoln Park Bancorp in Pine Brook, N.J.The $1.7 billion-asset Ion said in a press release last week that the $300 million-asset Lincoln 1st Bank will merge into its Ion Bank. The acquisition, which is expected to close in the third quarter of 2022, will expand Ion’s footprint into northern New Jersey. Lincoln Park’s minority shareholders will receive about $7.5 million in cash,

November 30, 2021
Pinnacle hires Truist bankers to enter nation’s capital

Pinnacle hires Truist bankers to enter nation’s capital

Pinnacle Financial Partners in Nashville, Tenn., has entered Washington, D.C., after hiring six bankers from Truist Financial.The $36.5 billion-asset company said in a press release that Carolyne Pelton, formerly Truist's director of aerospace, defense and government contracting, will lead the team as regional president for the national capital region.  “This is exactly the team we need to build our firm in the national capital region,” Rick Callicutt, Pinnacle’s chairman for

November 29, 2021