Webster Five in Auburn, Mass., has a new leader. The $1 billion-asset bank said in a LinkedIn post that Brian Westerlind had become its president and CEO. Westerlind, who was the bank's chief financial officer, succeeded Don Doyle, who retired. “Webster Five is ... a vital part of the communities we serve, a committed partner to local businesses, and a trusted financial resource for our customers and the broader community,"

Capital One Financial in McLean, Va., is shutting down Discover’s home equity lending business. A notification at the top of the Discover Home Loans website states that the business "is no longer accepting applications for new home equity or mortgage refinance loans, although we will continue to process applications that are in progress.” The message directs people with pending applications or current loans to a page with contact information. Capital

Waypoint Bank in Cozad, Neb., has agreed to buy a branch in Sutton, Neb., from Astra Bank in Scandia, Kan. The $373 million-asset Waypoint said in a press release that it expects to buy the branch later this summer. The price wasn't disclosed. “We’re excited to welcome Sutton into the Waypoint Bank family,” Tim Sladek, the bank's chairman, president, and CEO, said in the release. “This expansion strengthens our branch

Brandon Luetkenhaus was named president and CEO of the Nebraska Credit Union League. Luetkenhaus succeeded Scott Sullivan, who retired on June 30. “I am excited to work with Brandon and appreciate his extensive League dedication," Robin Larson, president and CEO of Cobalt Credit Union and the league's chair. "His experience and leadership qualities are exceptional. He is well-known in the credit union industry and is a strong voice for all

Bank of Hillsboro in Illinois is rebranding. The $646 million-asset bank said it will become Constitution Bank on Sept. 2. “Constitution Bank is more than a name change, it’s a renewed commitment to who we’ve always been,” Misty Borrowman, the bank's president and CEO, said in a press release. “We remain locally owned and community-focused, with the same trusted people and the same commitment to the customers and communities we

First Community in Lexington, S.C., confirmed that it has engaged in "preliminary discussions" with Signature Bank of Georgia in Sandy Springs about a merger. The $2 billion-asset company referred to a media report and an erroneously issued press release by the $249 million-asset Signature Bank. "No definitive agreement has been entered into, and there can be no assurance that any agreement will be reached or that any transaction will ultimately

Business First Bancshares in Baton Rouge, La., has agreed to buy Progressive Bancorp in Monroe, La. The $7.8 billion-asset Business First said in a press release that it will pay $82.6 million in stock for the $752 million-asset Progressive. The deal, which is expected to close in the first quarter, priced Progressive at 122% of its tangible book value. Progressive has nine branches, $673 million of deposits and $583 million

Norwood Financial in Honesdale, Pa., has agreed to buy PB Bankshares in Coatesville, Pa. The $2.4 billion-asset Norwood said in a press release that it will pay $54.9 million in cash and stock for the $467 million-asset PB Bankshares. The deal, which is expected to close by the first quarter of next year, priced PB Bankshares at 106.6% of its tangible book value. PB Bankshares "is a growing and respected