Strategic Insights into Banking & Fintech

Huntington hires Truist exec to oversee consumer banking

Huntington hires Truist exec to oversee consumer banking

Huntington Bancshares in Columbus, Ohio, has hired a former Truist Financial executive to oversee its consumer and business banking operations. The $174 billion-asset Huntington said in a press release Wednesday that Brant Standridge will become president of consumer and business banking in early April. He will oversee the company’s branches, business banking, mortgage and home lending and Huntington Financial Advisors. Standridge will join Huntington's executive leadership team and report to Steve Steinour, the company’s chairman, president

March 17, 2022
JPMorgan Chase to buy Irish software firm

JPMorgan Chase to buy Irish software firm

JPMorgan Chase in New York has agreed to buy Global Shares, an Irish company that provides cloud-based share plan management services. The $3.7 trillion-asset JPMorgan said in a press release Tuesday that it expects to complete the acquisition in the second half of this year. The company did not disclose the price it will pay. Global Shares, founded in 2005, has more than 600 clients that range from early stage startups to

March 17, 2022
OceanFirst hires former First Midwest CFO

OceanFirst hires former First Midwest CFO

OceanFirst Financial in Red Bank, N.J., has hired the former chief financial officer at First Midwest Bancorp to fill the same post. The $11.7 billion-asset OceanFirst said in a press release Thursday that Patrick Barrett will join the company as executive vice president of finance on April 18, then succeed Michael Fitzpatrick as CFO on June 2.  Fitzpatrick, who has been at OceanFirst for nearly 30 years, is retiring. He will

March 17, 2022
Wisconsin’s IncredibleBank planning first Florida branch

Wisconsin’s IncredibleBank planning first Florida branch

IncredibleBank in Wausau, Wis., is making a push into Florida. The $1.8 billion-asset bank is planning to enter the Sunshine State with a full-service branch in Cape Coral. Todd Nagel, the bank’s president and CEO, said the plan is to open the branch in the first quarter of 2023. The bank will have 10 employees initially. IncredibleBank has more than a dozen branches in Wisconsin and Michigan’s Upper Peninsula.

March 16, 2022
Eagle Bancorp Montana lines up CEO succession

Eagle Bancorp Montana lines up CEO succession

Eagle Bancorp Montana in Helena is promoting an insider to become its next CEO. The $1.4 billion-asset company said in a press release Wednesday that Laura Clark will also succeed Peter Johnson as its president. Johnson, who plans to retire on Dec. 31, will remain on the board. Clark, Eagle’s chief financial officer and chief operating officer, will become president on April 1 and CEO at the end of the year. Johnson “has

March 16, 2022
Fulton CEO Wenger to retire in December

Fulton CEO Wenger to retire in December

E. Phillip Wenger plans to retire as chairman and CEO of Fulton Financial in Lancaster, Pa. The $26 billion-asset Fulton said in a press release Wednesday that Wenger will step down on Dec. 31 after 43 years at the company. Wenger, who became CEO in 2013, will remain on the board. Curtis Myers, Fulton’s president and chief operating officer, will succeed Wenger as chairman and CEO. “I have spent all of my

March 16, 2022
Heartland strips Fuller of chairman role

Heartland strips Fuller of chairman role

Heartland Financial USA has removed Lynn Fuller as chairman after the Dubuque, Iowa, company’s retired CEO openly questioned its strategic direction and pressed for the board to find a buyer. The $19.3 billion-asset company said in a press release Wednesday that the board had appointed John Schmidt to serve as independent chairman. He joined the board in 2001. The board determined that Fuller “was no longer best positioned to serve in the

March 16, 2022
Wisconsin merger to create $3B asset bank

Wisconsin merger to create $3B asset bank

Monona Bank and State Bank of Cross Plains are planning to merge. The Wisconsin banks said in a press release Tuesday that the deal is expected to close by the end of this year. They did not disclose any financial details. The $1.2 billion-asset Monona Bank and the $1.7 billion-asset State Bank of Cross Plains would operate independently until next spring. The name of the combined bank has not yet been determined.

March 15, 2022