Strategic Insights into Banking & Fintech

BancPlus in Miss. shuffles leadership due to key retirements

BancPlus in Miss. shuffles leadership due to key retirements

BancPlus in Ridgeland, Miss., is making several executive and board moves. The $8 billion-asset company said in a press release that Kirk Graves will become its chairman, president, and CEO on Jan. 1. Graves, the company's chief operating officer, will also become president and CEO of BankPlus on July 1. Graves will succeed Bill Ray at BancPlus and Jack Webb after each executive retires. He will also succeed Bryan Jones

August 21, 2025
Dedham Savings in Mass. finalizes CEO succession

Dedham Savings in Mass. finalizes CEO succession

Dedham Institution for Savings in Dedham, Mass., has a new leader lined up. The $2.5 billion-asset bank said in a press release that Victoria Kane will take on the role on Sept. 1. Kane, who is chief people officer, will succeed Peter Brown, who remains the bank's CEO and chairman and CEO of its holding company. Kane will succeed Brown as CEO when he retires on Dec. 31. Jim Dunphy

August 21, 2025
Cooperative Bank of Cape Cod taps CFO to become its leader

Cooperative Bank of Cape Cod taps CFO to become its leader

Cooperative Bank of Cape Cod in Yarmouth Port, Mass., has its next CEO lined up. The $1.6 billion-asset bank said in a press release that Erik Porter will also become its president in October. Porter, who is the chief financial officer, will succeed Lisa Oliver, who is retiring. “The talented and hardworking team at The Coop is one of the institution’s greatest strengths, and I look forward to collaborating with

August 21, 2025
Atlantic Union in Va. cutting 51 jobs at former Sandy Spring ops center

Atlantic Union in Va. cutting 51 jobs at former Sandy Spring ops center

Atlantic Union Bankshares in Richmond, Va., is continuing to cut jobs tied to its recent acquisition of Sandy Spring Bancorp in Olney, Md. The company disclosed in a WARN Act notice that it plans to eliminate 51 positions in a former Sandy Spring operations center in Columbia, Md. The cuts will take place in October. Atlantic Union previously disclosed plans to lay off 49 people in Sandy Spring's Olney operations.

August 21, 2025
Triumph in Texas to cut 5% of its workforce

Triumph in Texas to cut 5% of its workforce

Triumph Financial in Dallas is cutting about 5% of its workforce. The $6.5 billion-asset company disclosed in a regulatory filing that the layoffs, along with other initiatives, should lead to about $4.5 million of charges, mostly occurring in the third quarter. Based on Triumph's full-time employee count on June 30, that would be about 80 positions. Other cost-cutting moves will include reductions in facilities, legacy technology, vendor spend, and travel.

August 21, 2025
Horizon in Ind. to sell stock to reposition its balance sheet

Horizon in Ind. to sell stock to reposition its balance sheet

Horizon Bancorp in Michigan City, Ind., is planning to sell common stock. The $7.7 billion-asset company disclosed in a slide presentation that it plans to sell at least $90 million of stock. Horizon said in a press release that it expects to grant its underwriters a 30-day option to buy up to an additional 15% of the shares. The company also plans to issue about $100 million of subordinated debt. Horizon

August 20, 2025
Fifth Third bolsters payments capabilities with DTS Connex purchase

Fifth Third bolsters payments capabilities with DTS Connex purchase

Fifth Third Bancorp in Cincinnati has acquired DTS Connex, a cash management software provider. The company did not disclose how much it paid for DTS Connex, which focuses on solutions for multi-location businesses such as retailers, restaurants, and healthcare providers. "Within commercial payments, we’ve built a robust cash processing business that strengthens client relationships beyond traditional payment services," Bridgit Chayt, Fifth Third head of commercial payments. "This acquisition expands our

August 20, 2025
Fintech Casca raises $29M from Canapi, Huntington, Live Oak and others

Fintech Casca raises $29M from Canapi, Huntington, Live Oak and others

Casca, a fintech looking to build an AI-native loan origination system, raised $29 million in its Series A funding round. Lukas Haffer, the fintech's CEO, said in a LinkedIn post that the round was led by Canapi Ventures and included Huntington Bank, Live Oak Bank, Bankwell Bank, Alliance Funding Group, Peterson Ventures, Clocktower Ventures, and Y Combinator. Casca's engineers have spent "thousands of hours with lenders, underwriters, credit officers, and

August 20, 2025