FirstBanc of Alabama in Talladega has agreed to buy two branches from Southern States Bancshares in Anniston, Ala.    The $850 million-asset FirstBanc said in a press release Monday that it will buy locations in the Alabama communities of Heflin and Ranburne. Most of the loans and deposits will also transfer to FirstBanc.    The branches had $62.5 million of deposits in mid-2021, based on data from the Federal Deposit

Organizers of the proposed Walden Mutual Bank have received conditional approval from the New Hampshire Banking Department. Walden Mutual, which is seeking to become the first new mutual in years, has already made a few loans. The bank would be based in Concord. The group behind the effort is looking to raise at least $25 million of initial capital, Charley Cummings, the proposed bank’s founder, told the Concord Monitor. He said the

Friendly Hills Bancorp in Whittier, Calif., has created a specialty lending group focused on financing commercial trucks and vehicles. The parent of the $292 million-asset Friendly Hills Bank said in a press release Monday that its truck lending group will provide capital for buying or refinancing on-road medium duty and heavy duty vehicles. The division will provide direct funding, including grants from the California Air Resources Board and support under the California

Cape Cod Five Cents Savings Bank in Hyannis, Mass., has new leadership. The $4.6 billion-asset bank said last week that Matt Burke had become its CEO, while Bert Talerman was named its president. They each succeeded Dorothy Savarese, who will remain executive chairman for one more year. “Cape Cod 5 is an organization whose purpose and mission I have believed in since joining the bank 10 years ago, and I look forward

First Northern Community Bancorp in Dixon, Calif., is preparing for its next leader. The $1.9 billion-asset company said in a press release Friday that Louise Walker will retire as president and CEO on Dec. 31. Jeremiah Smith, First Northern’s chief operating officer, will succeed Walker on Jan. 1. Walker will remain the company’s board, while Smith will become a director when he is promoted. “After 12 years as CEO, navigating some of the most challenging

Ames National in Iowa has a new chairman. The parent of the $1.1 billion-asset First National Bank said in a press release that Thomas Pohlman had stepped down after five years as its chairman. He was succeeded by Patrick Hagan. Pohlman, who has been on the board for 15 years, will remain a director until he reaches the mandatory retirement age next April. Hagan, a retired executive at Fareway Stores, has been an

Truist Financial in Charlotte, N.C., is looking for its next chief financial officer. The $544 billion-asset company said in a press release Friday that Daryl Bible will retire as its CFO. He will remain at Truist until they hire his successor. “Daryl has played an instrumental role in the success of our merger of equals—one of the largest financial services mergers in recent history,” Bill Rogers, Truist’s chairman and CEO, said in

Coastal Financial in Everett, Wash., has a new president. The $2.8 billion-asset company said in a press release Wednesday that it had hired Curt Queyrouze for the post. He succeeded Eric Sprink, who remains CEO. Queyrouze previously served as president and CEO of TAB Bank in Utah. “As Coastal becomes a more complex and rapidly growing bank, with both our community bank and our Banking as a Service (BaaS) division … we are