Sharon Bank in Springfield, Pa., has a new CEO. The $164 million-asset mutual said in a LinkedIn post that William Mattern had also become its president. Mattern, who was chief lending officer, will also lead Sharon Bancorp and Sharon Mutual Holding Company. "Bill has played a significant role over the last seven years building strong partnerships within the community and executing Sharon’s lending strategy," the mutual said in the post.

MVB Financial in Fairmont, W.Va., sold its ownership in software development firm Trabian Technology. The $3.1 billion-asset company said in a press release that the sale occurred in January. The price wasn't disclosed. MVB bought a majority stake in Trabian in April 2021. The fintech helped MVB create automated workflows for card transaction data.

Orrstown Financial in Harrisburg, Pa., has set the stage for its next leader. The $5.4 billion-asset company said in a press release that Adam Metz had become its chief operating officer and it expected to become president and CEO in May 2026 when Thomas Quinn retires. Metz has been chief revenue officer since February 2019. Metz “understands the mission, culture and values that have driven Orrstown Bank’s growth over the

Wells Fargo in San Francisco has been released from another regulatory order. The $1.9 trillion-asset company said in a press release that the Office of the Comptroller of the Currency terminated a 2018 consent order tied to its compliance risk management program. It is the tenth consent order closed by Wells Fargo’s regulators since 2019. In recent weeks, Wells Fargo has been released from an order from the Consumer Financial

Wise, a U.K.-based remittance firm, plans to close its Tampa, Fla., office and lay off about 307 employees. All affected employees were notified and will be given at least 60 days as a notice period before they are let go, Wise said in a WARN Notice sent on Feb. 7 to the Florida Department of Commerce. The layoffs will take place in three phases on April 8, May 2, and

Stephen Gordon has finally put some of the capital committed to acquisitions to work. Genesis Bank in Newport Beach, Calif., agreed to buy EH National Bank in Beverly Hills, Calif., for an undisclosed amount of cash. EH National operates as the $300 million-asset Excel Bank, which has three branches, $238 million in loans and $242 million in deposits. Excel specializes in banking real estate investors, property management companies and homeowners

Superior Choice Credit Union in Superior, Wis., is looking for a new leader. Tim Foster shared in a LinkedIn post that he had resigned as CEO. He has led the credit union since January 2021. "The experience has been truly remarkable, providing invaluable lessons that can't be learned in a training program or taught through mentoring," Foster said in his post. "Our achievements in growth, creating a strong culture, and

Standard Chartered will soon have a new CEO for the U.S. and Americas. The U.K. bank said in a press release that Mandy DeFilippo will take on the role on March 24. DeFilippo, who was a managing director and chief operating officer of legal and compliance at Citadel Securities, will succeed Steven Cranwell. “I’m eager to bring my international experience to an organization with an unparalleled global network and passion