A group in Owensboro, Ky., is planning to form a bank. Organizers, operating as DC Storage LLC, have applied to the Federal Deposit Insurance Corp. to open Cornerstone Community Bank. The proposed de novo would focus on small and midsize businesses and their owners and employees, real estate investors and developers, and professionals. Kyle Aud, a former market president at German American Bank, would serve as CEO. Jonathan Lawson, a

Evolve Bank & Trust in West Memphis, Ark., has a new leader. The bank said that it hired Bob Hartheimer, a senior advisor at consulting firm Klaros Group, to become its CEO. Hartheimer, a director at CardWorks, also has experience at the Federal Deposit Insurance Corp. and Promontory Financial Group. The hiring "marks a turning point for Evolve,” Chairman Steve Valentine said in the release. Hartheimer "was selected for his

ENB Financial in Ephrata, Pa., has agreed to buy Cecil Bancorp in Elkton, Md. The $2.3 billion-asset ENB said in a press release that it will pay $30.8 million in cash for the $222 million-asset Cecil. The deal is expected to close in the first quarter. Cecil has four branches, $192 in deposits, and $163 million of loans. The acquisition "furthers ENB’s strategic plan of delivering consistent, profitable organic growth

Gouverneur Bancorp in Gouverneur, N.Y., will soon have a new CEO. The $196.7 million-asset company said in a press release that Stephen Jefferies will also become president on Sept. 2. Jefferies, who was president and CEO of Community Bank & Trust in LaGrange, Ga., will succeed Charles Van Vleet Jr., who is retiring. Van Vleet, who is interim president and CEO, will remain at the company until the end of this

America’s Credit Unions will soon have a new leader. The trade association said in a press release that Scott Simpson will become its president and CEO on Nov. 3. Simpson, president and CEO of the California Credit Union League, Nevada’s Credit Unions, and Utah’s Credit Unions, will succeed Jim Nussle. He will be based in Washington. Simpson "brings a powerful blend of state and national advocacy experience, a strategic mindset,

AOD Federal Credit Union in Oxford, Ala., has agreed to buy a branch in Prattville, Ala., from Merchants & Farmers Bank of Greene County in Eutaw, Ala. The $442 million-asset credit union did not disclose how much it will pay the $123 million-asset bank for the branch. The deal also includes $15 million in deposits and $10 million in loans. The deal is expected to close in the fourth quarter.

Primis Financial in McLean, Va., lowered its second-quarter profit after downgrading three performing loans. The company disclosed in a regulatory filing that the changes reduced quarterly earnings by $6 million to $2.4 million. The changes stem from updated evaluations, including a $6.4 million commercial loan moved to “special mention,” a $30.7 million office property loan downgraded to “substandard accruing,” and a $40.1 million office property loan moved to “substandard nonaccrual.”

Protection Bank Holding in Protection, Kan., has applied with regulators to buy Haviland Bancshares in Haviland, Kan. The parent of the $96.8 million-asset Bank of Protection submitted its application with the Federal Reserve to buy the holding company for the $49.2 million-asset Haviland State Bank. The price hasn't been disclosed. Protection Bank Holding will also acquire Banco Insurance Agency as part of the deal.