PNC Financial Services Group in Pittsburgh has agreed to buy FirstBank Holding in Lakewood, Colo. The $559.1 billion-asset PNC said in a press release that it will pay $4.1 billion in cash and stock for the $26.8 billion-asset FirstBank. The deal is expected to close in early 2026. FirstBank has 95 branches in Colorado and Arizona. PNC intends to expand its corporate and private banking franchises in those markets. "FirstBank

Dan O'Malley is back. O'Malley, who co-founded and then led Numerated when it sold to Moody's, was named CEO of Engageware, a fintech that provides AI-powered customer engagement solutions. Rick Lowrey will remain executive chairman of the company. “Enterprises are using real-world interaction and outcome data to rethink how they harness AI to deliver more personalized, flexible, and impactful customer experiences," O'Malley said in the release. "Engageware’s platform powers streamlined

Bradford Bancorp in Greenville, Ill., has agreed to buy St. Jacob Bancshares in St. Jacob, Ill. The $633 million-asset Bradford said in a press release that it expects to buy the $92 million-asset St. Jacob by early 2026. The price wasn't disclosed. “Both organizations have demonstrated great success by providing outstanding customer service and building strong relationships with the communities they serve," Michael Ennan, Bradford's president and CEO, said in

GBank Financial Holdings in Las Vegas has a new CEO. The company disclosed in a press release that Ed Nigro had taken over from T. Ryan Sullivan, who opted against renewing an employment agreement that expired on Aug. 31. The company is in talks with Sullivan, who was also president and a director, about taking on a consulting role to "support a smooth transition." Nigro is the company's chairman. There

Core banking software firm Temenos has parted ways with its CEO. The Swiss company said that Jean-Pierre Brulard had stepped down, effective immediately. He became CEO in May 2024. Takis Spiliopoulos, the company's chief financial officer, was named interim CEO while a search is conducted for a permanent successor. "After careful consideration, the board determined that this is now the right time to move forward with new leadership to execute

UCSB Financial Holdings in Doral, Fla., bought stock from one of its biggest investors. The company disclosed in a regulatory filing that it bought about 2 million shares of common stock from a group that includes Patriot Financial Partners, paying $17.19 a share, or about $34.4 million. The negotiated price reflects a 1% discount to the 10-day volume-weighted average price on Sept. 2.

PeoplesBank in Holyoke, Mass., has a new CEO lined up. The $7 billion-asset bank said in a press release that Tom Senecal will retire at the end of this year. He will remain chairman. Todd Tallman, CEO of Cornerstone Bank, will succeed Senecal as CEO. The holding companies for PeoplesBank and Cornerstone merged earlier this year, though the banks still operate separately. Brian Canina will remain president of PeoplesBank and

ModernFi, a deposit management fintech, has raised $30 million in a Series B funding round. The funding round was led by Canapi Ventures, with participation from Andreessen Horowitz, Curql, Remarkable Ventures, and Intercontinental Exchange. ModernFi’s total funding now tops $60 million. “Our job at ModernFi is to support the scale and diversity of the American banking landscape so that institutions of all sizes can continue to grow and compete,” Paolo