Capital City Bank Group in Tallahassee, Fla., has a new bank president. The $4.5 billion-asset company said in a press release that Bethany Corum will take on the role on July 1. Corum, who was chief operating officer, will succeed Tom Barron, who was named president of Capital City Bank Group and bank chairman. William Smith Jr. remains the company's chairman and CEO. “For almost two decades, I have had

Southern Bancorp in Little Rock, Ark., has agreed to buy Ozarks Heritage Financial in Springfield, Mo., in a deal that would combine community development financial institutions. The $2.8 billion-asset Southern Bancorp said in a press release that it plans to acquire the parent of the $1.9 billion-asset Legacy Bank and Trust in the fourth quarter. The price wasn't disclosed. “For nearly four decades, our purpose and principles have centered around

Thrivent Financial for Lutherans has merged its credit union into the newly created Thrivent Bank. The industrial bank, which is based in Salt Lake City, absorbed Thrivent Federal Credit Union in Appleton, Wis., on June 1. Thrivent was required to infuse at least $280 million of capital into the bank.

Greenlite AI has raised $15 million in Series A funding, bringing its total funding to $20 million. Greylock led the funding round with participation from Thomson Reuters, Canvas Prime, and Y Combinator. Greenlist AI said the new funding will allow for engineering team growth, go-to-market scaling and deepening partnerships with top financial institutions.

Wells Fargo in San Francisco has agreed to sell the assets of its rail equipment leasing business. The $1.9 trillion-asset company said in a press release that it will sell the business to a newly formed joint venture between GATX Corp. and Brookfield Infrastructure for $4.4 billion. The transaction is expected to close by the first quarter. “This transaction is consistent with Wells Fargo’s ongoing strategy of simplifying our businesses

MainStreet Bancshares in Fairfax, Va., disclosed a data security incident that exposed information tied to less than 5% of its customers. The company disclosed in a regulatory filing that it became aware in March that an outside vendor to the core bank had been compromised. MainStreet activated its incident response process, concluding that "the incident's impact would likely not be material." MainStreet said it "swiftly" ceased all activity with the

Princeton Bancorp in Princeton, N.J., will recognize a $9.9 million impairment charge tied to two delinquent commercial real estate loans where it is a participant. The company disclosed in a regulatory filing that, at March 31, it $25.3 million of its nonperforming assets were tied to the CRE credits. Princeton said the lead lender for the participation is marketing the underlying collateral for potential sale. The decision to take the

Merchants National Bank in Hillsboro, Ohio, is ready to finalize its CEO succession. The $1.3 billion-asset bank said in a press release that Paul Pence Jr. will retire as CEO on Dec. 31. He will remain chairman. Denise Fauber, the bank's president and chief operating officer, will succeed Pence. Fauber will remain president. The board "expresses its deep appreciation for Paul’s long-tenured leadership, recognizing the steadfast commitment and vision he