Organizers in New Canaan, Conn., have applied to form a bank. The application for New Canaan Bank was submitted to the Federal Deposit Insurance Corp. on Dec. 28. A week earlier, organizers filed an application with the Connecticut Department of Banking. A notice posted by the state regulator listed six organizers: Frederick Afragola, Louis Garcia, Paul Kuehner, Joseph Rucci Jr., Thomas Ayoub and Anthony Domino Jr. Afragola, who would serve as the proposed bank's executive chairman, is the chairman

Customers Bancorp has hired a team of digital banking experts from Silvergate Capital to help the West Reading, Pa., company build out its commercial cryptocurrency business. The $19 billion-asset company said in a press release Thursday that it added seven bankers with experience in business development, technology, onboarding, payments and Bank Secrecy Act compliance. “We made the commitment to be one of the top financial institutions serving commercial cryptocurrency and digital asset

Provident Financial Services in Iselin, N.J., has a new bank CEO. The $13.4 billion-asset company said in a press release Thursday that Tony Labozzetta had taken on the expanded role on Jan. 1. He succeeded Chris Martin, who became executive chairman of Provident Bank. Labozzetta will remain the president for the company and the bank. He had also been the chief operating officer of Provident Financial and Provident Bank. Labozzetta joined Provident in

GreenState Credit Union in North Liberty, Iowa, has been blocked from buying a bank. The Nebraska Department of Banking and Finance officially denied an application by the $8 billion-asset credit union to acquire the $395 million-asset Premier Bank in Omaha, Neb. The regulator said the bank failed to provide supporting evidence backing the deal’s legality. “Premier has not carried its burden of proof in this proceeding to show that there is express

Organizers of a proposed de novo in Bloomington, Minn., have selected a new name for the bank. The group has changed the name of the planned institution from Brava Bank to EntreBank, according to an application with the Federal Reserve. The bank, as previously reported, would operate as a subsidiary of Entrepreneurs Bancshares. The principal shareholder of the company would be the Entrepreneurs Bancshares Revocable Trust of Daniel A. Boeckermann,

ACNB Corp. in Gettysburg, Pa., has changed the name of its insurance unit. The $2.8 billion-asset said in a press release Thursday that Russell Insurance Group had been rebranded as ACNB Insurance Services. ACNB bought Russell in 2005. The agency offers property, casualty, health, life and disability insurance to personal and commercial clients."The insurance agency subsidiary has grown through acquisitions to serve clients with additional office locations in” Maryland and Pennsylvania,

The Colorado Bankers Association tapped an insider as its next CEO. The association said in a press release that Jenifer Waller took over the posts on Jan. 1 as part of a two-year transition process. Waller, who has been with the association since 1999, will remain its president. Waller “has been a key part of the association’s success, and we are pleased to conclude this final step in our executive transition plan,”

KS Bancorp in Smithfield, N.C., has a new bank CEO.The $559 million-asset company said in a press release Tuesday that Earl Worley Jr. had also become KS Bank’s president. He succeeded Harold Keen, who will remain president and CEO of the company and is executive chairman of the bank. Worley was the bank’s chief operating officer. He served as the bank’s chief financial officer from 1999 until 2010. Dit Breault, KS Bank’s