The banker responsible for building FB Financial in Nashville, Tenn., has died. Jim Ayers passed away on April 1. Once the sole owner of FirstBank, his ownership amounted to 23% of the company's stock following its initial public offering. FB Financial noted in a regulatory filing that a shareholder’s agreement with Ayers terminated with his passing. Under that agreement, Ayers had the right to designate up to a fifth of

The CEO of Legacy Bank in Murrieta, Calif., is retiring. Jim Hicken announced in a LinkedIn post that he will also retire as president of the $74.7 million-asset bank and step down from its board. "It has been an incredible journey—one that led me to start and open two community banks along the way, build outstanding teams, and contribute to the communities we served," he said in the post. "I’m

Stride Bank in Tulsa, Okla., struck a deal to become the new card issuing partner for the Affirm Card. The bank did not disclose the financial details of the agreement with Affirm Holdings for the card, which allows consumers to pay in full or request to pay-over-time for eligible purchases in the Affirm app. "We are thrilled to collaborate with Affirm and become a new card issuer for the Affirm

Plumas Bancorp in Reno, Nev., prevailed against an unnamed Pacific Northwest credit union to strike a deal to buy Cornerstone Community Bancorp in Red Bluff, Calif. The $1.6 billion-asset Plumas agreed in late January to buy the $658 million-asset Cornerstone for $64.6 million in a deal expected to close in the second half of this year. The relationship between Plumas and Cornerstone began informally in July 2024, when Cornerstone CEO

Plumas Bancorp in Reno, Nev., has reached a sale-leaseback agreement for two office properties in California. The company disclosed in a regulatory filing that it plans to sell the administrative offices in Quincy to Brookline Branch Services for about $5.6 million. The sales should result in a $4.9 million pretax gain in the second quarter. Plumas agreed to lease the properties for an initial 15-year period at an annual rent

New leadership has been named at 1st Summit Bancorp of Johnstown in Pennsylvania. The $1.4 billion-asset company said in a press release that Eric Renner had resigned as president and CEO due to personal reasons. Renner, who had led 1st Summit since January 2023, also stepped down from the company's board. Allison Johnson, who is chief financial officer and chief risk officer, was selected to succeed Renner. She will retain

National Bankshares in Blacksburg, Va., will soon have a new leader. The $1.8 billion-asset company said in a press release that Lara Ramsey will become CEO on July 1. Ramsey, who became president in December, will succeed F. Brad Denardo, who is retiring. Denardo will remain chairman. Denardo also entered into a consulting agreement with the company. “Brad has played a key role in our success for over 40 years.

U.S. Bancorp in Minneapolis announced that its vice chair had died in a plane crash in Brooklyn Park, Minn. The company disclosed in a regulatory filing that a plane registered to Terry Dolan, who was also its chief administration officer, crashed on Saturday. CEO Andy Cecere later confirmed in a memo to employees that Dolan died in the crash. "Our thoughts are with Mr. Dolan’s family and friends and all others