GBank Financial Holdings in Las Vegas has a new CEO. The company disclosed in a press release that Ed Nigro had taken over from T. Ryan Sullivan, who opted against renewing an employment agreement that expired on Aug. 31. The company is in talks with Sullivan, who was also president and a director, about taking on a consulting role to "support a smooth transition." Nigro is the company's chairman. There

Core banking software firm Temenos has parted ways with its CEO. The Swiss company said that Jean-Pierre Brulard had stepped down, effective immediately. He became CEO in May 2024. Takis Spiliopoulos, the company's chief financial officer, was named interim CEO while a search is conducted for a permanent successor. "After careful consideration, the board determined that this is now the right time to move forward with new leadership to execute

UCSB Financial Holdings in Doral, Fla., bought stock from one of its biggest investors. The company disclosed in a regulatory filing that it bought about 2 million shares of common stock from a group that includes Patriot Financial Partners, paying $17.19 a share, or about $34.4 million. The negotiated price reflects a 1% discount to the 10-day volume-weighted average price on Sept. 2.

PeoplesBank in Holyoke, Mass., has a new CEO lined up. The $7 billion-asset bank said in a press release that Tom Senecal will retire at the end of this year. He will remain chairman. Todd Tallman, CEO of Cornerstone Bank, will succeed Senecal as CEO. The holding companies for PeoplesBank and Cornerstone merged earlier this year, though the banks still operate separately. Brian Canina will remain president of PeoplesBank and

ModernFi, a deposit management fintech, has raised $30 million in a Series B funding round. The funding round was led by Canapi Ventures, with participation from Andreessen Horowitz, Curql, Remarkable Ventures, and Intercontinental Exchange. ModernFi’s total funding now tops $60 million. “Our job at ModernFi is to support the scale and diversity of the American banking landscape so that institutions of all sizes can continue to grow and compete,” Paolo

Patriot National Bancorp in Stamford, Conn., is raising $25.6 million by selling securities. The company disclosed in a regulatory filing that it has signed purchase agreements to sell nearly 19.2 million shares of voting common stock and nearly 12.8 million shares of non-voting common stock to unnamed buyers. The shares will be issuable six months after the offering's closing upon exercise of three-year warrants. Shares are being sold at $1.25

Solowin Holdings in Hong Kong is planning to buy a U.S.-licensed bank. The company, which specializes in traditional and digital assets, said in a press release that it "is in the advanced stages of negotiating" an acquisition through a designated affiliate. The acquisition would only involve the charter; all assets and liabilities would be removed before closing. The bank wasn't identified. The license would let Solowin offer services such as

CB Financial Services in Washington, Pa., has repositioned its balance sheet. The company said in a press release that it sold $129.6 million of investment securities at an after-tax loss of $9.3 million. The securities included $121.1 million of mortgage-backed securities/collateralized mortgage obligations, $5 million of U.S. government agency securities, and $3.5 million of municipal securities. The company said it plans to buy $117.8 million of higher-yielding securities. The moves