Lincoln State Bank in Hankinson, N.D., will soon have a new president. The $118 million-asset bank said in a press release that Amanda Lingen will take on the role on April 1. Lingen "is a vital member of our team, and her promotion to President is a testament to her leadership, expertise, and dedication to our customers and staff,” Bob Wurl, the bank's chairman and CEO, said in the release.

Michael Quinn is retiring as president and CEO of Rhinebeck Bancorp in Poughkeepsie, N.Y., ending 40 years with the bank. The company said in a press release that Quinn will continue to serve as its leader until a successor is found. An executive search firm has been hired to oversee the process. "Our achievements are a direct result of our dedicated employees and the trust placed in us by our

The Office of the Comptroller of the Currency has determined that 42 North Private Bank in Canton, Mass., is in “troubled condition” and not an “eligible savings association.” The agency shared the assessment in a January cease-and-desist order against the $210 million-asset bank. The C&D order came after the OCC determined that 42 North failed to fully comply with a 2017 consent order tied to claims of unsafe or unsound

Patriot National Bancorp in Stamford, Conn., announced an agreement to raise $50 million, along with the departure of CEO David Lowery. The $974.1 million-asset company said in a press release that Steven Sugarman is leading a group that will inject capital in exchange for common stock and non-voting preferred stock. FlyHouse Management is also part of the investor group. The Nasdaq waived a shareholder approval requirement, allowing the company to

Shore Bancshares in Easton, Md., is winding down the operations of its real estate title company. The company said in a regulatory filing that Mid-Maryland Title will stop conducting real estate closings on March 31. Mid-Maryland will eventually dissolve itself. "Operations will continue for as long as necessary to ensure that work in progress is adequately addressed," the filing said.

The Federal Reserve issued a cease-and-desist order against Frankewing Bancshares in Frankewing, Tenn., after an exam found deficiencies in its ability to serve as a source of strength to its bank. The order requires the parent of the $508 million-asset Bank of Frankewing to take corrective measures that include capital conservation, debt restrictions, and enhanced regulatory oversight. Under the order, Frankenwing must strengthen its financial and managerial resources to serve as

A group led by banking veterans is looking to open a de novo in Edmond, Okla. Organizers of the proposed Novus Bank applied with the Federal Deposit Insurance Corp. on March 17. The group began planning the bank about a year ago, said Jim Canton, who is expected to serve as chairman and CEO. The management team would also include Jason Casey as president, and Mel Barnes as chief operating

Blue Ridge Bankshares in Charlottesville, Va., will sell certain assets of its Monarch Mortgage division to an unnamed buyer. The company said in a press release that the deal should close by the end of this month; the pricing wasn't disclosed. The decision "was an additional step in our strategy to refocus our efforts on community banking in our primary geographical footprint," G. William Beale, Blue Ridge's president and CEO,