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

Bank of Charles Town in West Virginia is rebranding. Potomac Bancshares, the holding company, said in a press release that the bank will change its name to Potomac Bank on Nov. 3. The new name reflects the bank's growth and expanding regional presence. The new brand is designed to reflect the diverse communities that the bank serves. “While our name is evolving, our iconic tree logo endures as a symbol

Equity Bancshares in Wichita, Kan., has agreed to buy Frontier Holdings in Omaha, Neb. The $6.4 billion-asset Equity said in a press release that it will pay $122.8 million in cash and stock for the parent of the $1.4 billion-asset Frontier Bank. The deal, which is expected to close in the fourth quarter, priced Frontier at 123% of its tangible book value. Separately, Equity said it sold about $358.8 million

Land of Lincoln Credit Union in Decatur, Ill., has agreed to buy Williamsville State Bank and Trust in Illinois. The $475 million-asset credit union said in a press release that it will pay cash for the $97 million-asset bank. The price wasn't disclosed. The deal is expected to close in the first half of next year. Williamsville has three branches. “The acquisition is part of Land of Lincoln’s strategic growth