Strategic Insights into Banking & Fintech

Community National Bank to buy Prairie Bank of Kansas

Community National Bank to buy Prairie Bank of Kansas

Community National Bank and Trust in Chanute, Kan., has agreed to buy the parent company of Prairie Bank of Kansas in Stafford. The deal is expected to close in the third quarter. The price wasn't disclosed. Community National has $2.2 billion of assets. Prairie Bank has $128 million of assets.

March 26, 2025
Volunteer Bank in Tenn. drops ‘State’ from its name

Volunteer Bank in Tenn. drops ‘State’ from its name

Volunteer State Bank in Nashville, Tenn., has shortened its name. The $1.5 billion-asset bank said in a press release that it has rebranded as Volunteer Bank. The move reflects the bank's growth beyond middle Tennessee. “For nearly 50 years, we have built relationships rooted in trust, service, and local decision-making,” Tony Gregory, the bank's chairman, president and CEO, said in the release. “As we evolve ... we do so with

March 26, 2025
Financial software provider CSI sets stage for new CEO

Financial software provider CSI sets stage for new CEO

CSI, a provider of end-to-end financial software and technology, is preparing to have a new CEO. The Paducah, Ky., company said in a press release that David Culbertson is set to become its vice chair. While the company has its next CEO lined up, it said it would announce who it is at a later date. “CSI has been my home for 36 years," Culbertson, who became president in 2018 and

March 26, 2025
Forte Bank in Wis. selects insider as next CEO

Forte Bank in Wis. selects insider as next CEO

Forte Bank in Hartford, Wis., has lined up its next leader. The $410 million-asset bank said in a press release that Aaron Lensink will become president and CEO on July 1. Lensink, the bank's executive vice president of commercial banking, will succeed Tim Purman, who is retiring. "It has been an incredible honor to serve as President & CEO of Forte Bank," Purman said in the release. "The strength of

March 26, 2025
Fintech Mercury raises $300 million, adds Mayopoulos to board

Fintech Mercury raises $300 million, adds Mayopoulos to board

Fintech Mercury raised $300 million in capital while adding four new directors. The San Francisco company said in a press release that the Series C investment round, led by Sequoia Capital, represents a valuation of $3.5 billion. Other participants included new investors Spark Capital and Marathon, along with existing backers Coatue, CRV and Andreessen Horowitz. Mercury, founded in 2017, added Tim Mayopoulos, Tom Brown, Sonya Huang and Jason Zhang to

March 26, 2025
Triumph in Dallas taps three execs to run key divisions

Triumph in Dallas taps three execs to run key divisions

Triumph Financial in Dallas has elevated the roles of three executives to serve as division presidents. The $5.9 billion-asset Triumph said in a press release that the moves are designed to "strengthen its organizational structure and position the company for long-term growth and innovation in the transportation and financial services industry." Kim Fisk was named president of factoring. Fisk, Triumph's chief operating officer, succeeded Tim Valdez, who is now chairman

March 25, 2025
Dream First in Kansas agrees to buy BancCentral in Oklahoma

Dream First in Kansas agrees to buy BancCentral in Oklahoma

Dream First Bank in Syracuse, Kan., has agreed to buy BancCentral in Alva, Okla. The $689.7 million-asset Dream First did not disclose how much it will pay for the $268 million-asset BancCentral. “We are excited to bring BancCentral customers our community-focused and personal approach to banking,” Chris Floyd, Dream First's president and CEO, said in a press release. “We have been firmly established for more than 100 years, and family-owned for

March 24, 2025
BankFirst agrees to buy Magnolia State in Mississippi

BankFirst agrees to buy Magnolia State in Mississippi

BankFirst in Columbus, Miss., has agreed to buy Magnolia State Corp. in Bay Springs, Miss. The $2.8 billion-asset BankFirst said in a press release that it plans to buy the $456 million-asset Magnolia State in the third quarter. The price wasn't disclosed. The acquisition "will further strengthen BankFirst as we continue to grow and expand our presence in the south Mississippi market," Moak Griffin, BankFirst's president and CEO, said in

March 24, 2025