Legacy Bank in Murrieta, Calif., has a new leader. The $90.7 million-asset bank said in a press release that Bill Nethercott became its CEO late last month. Nethercott was a senior vice president and relationship manager at Farmers & Merchants Bank of Long Beach, according to his LinkedIn profile.

The Office of the Comptroller of the Currency announced a sweeping overhaul of its supervision structure, creating three distinct tiers and updating the organization of the Office of the Chief National Bank Examiner. Under the new framework, which will take effect Oct. 1, the OCC will replace its Bank Supervision and Examination group with groups focused on large and global financial institutions, regional and midsize financial institutions, and community banks.

Southside Bancshares in Tyler, Texas, will have a new leader in 2026. The company disclosed in a regulatory filing that Keith Donahoe will succeed Lee Gibson when Gibson retires on Dec. 31. Gibson will remain on the board. Donahoe has been the company's president since May 2024. He joined the bank in 2021.

Atlantic Union Bankshares in Richmond, Va., has enhanced its community impact plan. The company said in a press release that the updated plan, which reflects its purchase of Sandy Spring Bank in Maryland, will add about $2.2 billion of planned new lending, investments, and philanthropy commitments. The plan was developed in collaboration with the National Community Reinvestment Coalition after listening sessions with more than 47 community groups. Atlantic Union also

Lendistry in Los Angeles received a $25 million investment commitment from a unit of TD Bank. The community development financial institution and leading Small Business Administration 7(a) lender, said in a press release that the investment could support up to $250 million in small business financing over the next five years. "TD believes that small businesses of all sizes are the economic drivers of our communities, but each one has

Rhinebeck Bancorp in Poughkeepsie, N.Y., will soon have a new leader. The company said in a press release that Matthew Smith will become its president and CEO on Oct. 20. Smith, who was chief operating officer at Columbia Financial, will succeed Michael Quinn, who is retiring. Quinn will serve as interim executive adviser through the end of this year. "Rhinebeck has a rich tradition of exceptional customer service and strong

IF Bancorp in Watseka, Ill., has reached a truce with an activist investor. The company disclosed in a regulatory filing that it entered into a standstill agreement with funds associated with Joseph Stillwell and Stilwell Partners. The agreement is set to last until March 2026 or the company's sale, whichever comes first. IF Bancorp agreed to add Scott Dworschak to its board. Stilwell will have the opportunity to appoint a

Five banks in northeast Arkansas and southeast Missouri are combining under a single brand. Farmers Bank and Trust in Blytheville and Piggott State Bank, both in Arkansas, will merge with First Missouri State Bank in Poplar Bluff, First Missouri Bank of SEMO in Kennett, and First Missouri State Bank of Cape County in Cape Girardeau to create FM Bank & Trust. FM Bank will have $1.4 billion of assets and 19