Pioneer Bancorp in Albany, N.Y., has created a human resources consulting business. The $2 billion-asset company said in a press release that the new division will be led by Miriam Dushane, who was hired as vice president of HR consulting. The division will provide HR expertise and services to small and midsize companies. "Pioneer is deepening its commitment to supporting small and medium-sized companies that are the backbone of our

Grasshopper Bank in New York raised $46.6 million in capital while adding four new directors. The $1.4 billion-asset bank said in a press release that the funding round was led by Patriot Financial Partners with participation from Glendon Capital Management. This investment will support Grasshopper's acquisition of Auto Club Trust, which closed in April, and the continued expansion of the bank's digital platform. "From the beginning, our vision has been

The group planning a bank in Clearwater, Fla., plans to have three branches and a loan production office in the first three years of operation. Organizers of the planned Echelon Bank plan to raise $23 million of initial capital, which will be partially offset by about $1.4 million of organizational expenses. Echelon "will be a full-service, relationship driven, community bank, offering both commercial and retail banking services to its customers,

Marquette National in Chicago has a new leader. The $2 billion-asset company said in a press release that Betty Harn also became its president. Harn, who was an executive vice president, succeeded George Moncada, who will remain a senior advisor and director. "Betty's leadership, strategic thinking and dedication are key attributes that will guide her successfully as president and CEO," Paul McCarthy, the company's chairman, said in the release. "She

BayFirst Financial in St. Petersburg, Fla., has ended an SBA lending program and suspended quarterly dividends. The $1.3 billion-asset company said in a press release that it had discontinued its Bolt 7(a) SBA program. The program was designed to provide expedited small balance loans to small businesses, typically used for working capital. BayFirst said it is reviewing how it can strengthen its core SBA 7(a) offerings, improve operations, and adapt

Simmons First National in Pine Bluff, Ark., will have a new leader next year. The company said in a press release that George Makris Jr. will retire on Dec. 31. Jay Brogdon, the company's president, will become CEO and join the board on Jan. 1. Marty Casteel, a former chairman, CEO, and president of Simmons Bank, will become chairman on Jan. 1. “We are very thankful to George for his decade-plus

Adriana Kugler is resigning as governor of the Federal Reserve Board. Kugler, who has been a governor since September 2023, will step down on Aug. 8. She plans to return to Georgetown University as a professor this fall. "It has been an honor of a lifetime to serve on the Board of Governors of the Federal Reserve System," Kugler said in her resignation letter. "I am especially honored to have

Fulton Financial in Lancaster, Pa., announced that its president is retiring. The $32 billion-asset company said in a press release that Angela Snyder will retire on Dec. 31. There was no announcement about her successor. "Throughout her time at Fulton, Angela has been a pillar of strength, vision, and integrity. Her leadership has helped shape who we are today, and her impact will be felt for years to come," Chairman