Professional Holding in Coral Gables, Fla., has made an abrupt change in leadership.The $2.7 billion-asset company said in a press release Thursday that Abel Iglesias has been elected CEO, effective immediately. Iglesias, who joined Professional in 2013, has been its bank’s president since 2016. Iglesias succeeded Daniel Sheehan, who parted ways with Professional “by mutual agreement,” the company said. Sheehan, who also resigned from the board, had been the company’s

Origin Bancorp in Ruston, La., has agreed to buy BT Holdings in Quitman, Texas. The $7.9 billion-asset Origin said in a press release Thursday that it will pay $313.5 million in stock for the $2 billion-asset parent of BTH Bank. The deal, which is expected to close in the second half of 2022, priced BT Holdings at 151% of its tangible book value. “I am excited to bring our strong teams

Texas Capital Bancshares in Dallas has expanded its commercial lending certificate program for historically black colleges and universities to include Huston-Tillotson University in Austin, Texas. The $34.7 billion-asset Texas Capital, through a partnership with the American Bankers Association, already offers the certificate at Prairie View A&M University in Prairie View, Texas. The program was launched last year. Texas Capital, “in collaboration with Huston-Tillotson and the American Bankers Association, aims to provide students

The former chief innovation officer at the Federal Deposit Insurance Corp. delivered a stinging criticism of federal banking agencies days after leaving his post.Sultan Meghji, who resigned from the FDIC on Feb. 18, wrote in an op-ed for Bloomberg that he “found barriers to innovation” at virtually every agency he worked with. He collaborated with the Federal Reserve, the Consumer Financial Protection Bureau, and other federal agencies during his stint

SoFi Technologies in San Francisco has agreed to buy Technisys, a cloud-based, digital banking platform.SoFi said in a press release Tuesday that it will pay about $1.1 billion in stock for Miami-based Technisys. The deal is expected to close in the second quarter. “Technisys has built an attractive, fast-growth business with a unique and critical strategic technology that all leading financial services companies will need in order to keep pace with

Auburn National Bancorp. in Auburn, Ala., has agreed to sell land next to its corporate headquarters. The $1.1 billion-asset company disclosed in a regulatory filing Tuesday that it will part with 0.85 acres of land for nearly $4.3 million. The company said it expects the sale to be accretive to its earnings by about 70 cents a share. Auburn National disclosed that the buyer is a bank customer, noting that it hasn’t

Financial Institutions in Warsaw, N.Y., is entering the Baltimore and Washington markets after hiring a team of commercial lenders from Howard Bank. The $5 billion-asset parent of Five Star Bank said in a press release Tuesday that it hired John Mangan as its Mid-Atlantic president. He previously served as senior vice president and team lead for commercial real estate and facilities management at Howard Bank.  Howard Bank was recently acquiredby F.N.B.

RBB Bancorp in Los Angeles is conducting a probe tied to its longtime president and CEO. The $4.2 billion-asset company said in a press release Tuesday that Alan Thian had taken a leave of absence, effective immediately, pending an internal investigation being conducted by a special committee of its board. The company did not disclose the members of the committee or what the group will investigate. RBB said the board had appointed David