Mission Valley Bancorp in Sun Valley, Calif., has a new president. The company said in a press release that Brian Carlson had also become president and CEO of Mission Valley Bank. Carlson, who was managing director of SBA and president of total SBA, succeeded Tamara Gurney. Gurney, who remains the company's CEO, will also become its executive chair. "I have known Brian for many years and have seen both his

Gulf Winds Credit Union has agreed to buy Madison County Community Bank in Madison, Fla. The $1.3 billion-asset credit union said in a press release that it will also rebrand as TruWorth Credit Union beginning in the spring. Gulf Winds didn't disclose how much it will pay Madison Community Bancshares for its $212 million-asset bank. “We’re going to have the same people, just more,” Gulf Winds President and CEO Daniel

Gateway Commercial Bank in Mesa, Ariz., will split the president and CEO roles after James Christensen retires next year. The $231.4 million-asset bank said in a LinkedIn post that Christensen will retire in June 2027. He will remain on the board. Josh Flake, Gateway's chief credit officer, will become CEO. Scott Morris, a market president, will become the bank's president. "Gateway is bigger than any one person, including me," Christensen

An investor group has agreed to buy Hazlehurst Investors, the parent of Bank of Hazlehurst in Georgia. Brighton Capital, an Alpharetta, Ga., group led by former Piedmont Bank executive Taylor Watson, aims to buy the $134 million-asset bank. The deal is expected to close in the fourth quarter. The price wasn't disclosed. The group plans to rebrand as Peachtree Banking Co. after the deal closes. Watson would serve as the company's

Cashmere Valley Bank in Cashmere, Wash., which has been facing investor pressure to sell, has a new CEO. The $2.3 billion-asset Cashmere Valley said in a press release that LenDevaisher will join the bank on Oct. 5 and succeed Greg Oakes on Dec. 31. Devaisher was president and chief operating officer of MidWestOne Bank in Iowa City when it was sold to Nicolet Bankshares in Green Bay, Wis. Down Range

American Savings Bank in Honolulu has filed a registration statement in advance of its planned initial public offering. The $9 billion-asset American Savings, which has been owned by a private group since it bought the bank from Hawaiian Electric Industries in late 2024, filed its paperwork with the Office of the Comptroller of the Currency on Aug. 24. American Savings did not disclose how many shares it plans to sell

Profinium Financial Holdings in Fairmont, Minn., has agreed to buy F&M Community Bank in Preston, Minn. The parent of the $533.1 million Profinium Bank did not disclose the price it will pay for the $211.1 million-asset F&M. F&M has four branches, $184 million in deposits and $148 million in loans. “Profinium was the best fit for our staff, customers, and the communities we serve,” Dan Christianson, F&M's chairman and CEO,

Valley National Bancorp in New York has agreed to buy Providence Financial in South Holland, Ill. The $66 billion-asset Valley said in a press release that it will pay $247 million in cash and stock for the $1.6 billion-asset Providence. The deal, which is expected to close in early 2027, priced Providence at 145% of its tangible book value. Providence has 14 branches, $1.3 billion in deposits, and $1.1 billion