Strategic Insights into Banking & Fintech
Central Plains Bancshares in Grand Island, Neb., will soon have a new CEO. The company disclosed in a regulatory filing that Danny Garness will also become its president on May 20. Garness, who was chief lending officer at Field & Main Bank in Henderson, Ky., will succeed Steven Kunzman, who is retiring but will remain chairman.
Upstart Holdings in San Mateo, Calif., entered into a one-year strategic partnership with OnePay to focus on marketing consumer lending products to Walmart customers. Upstart disclosed in a regulatory filing that its agreement with OnePay, which is majority-owned by Walmart, will include co-branded direct mail campaigns and other collaborative offerings. Upstart said it does not expect the deal to have a material impact on its financial condition or 2025 results.
The Independent Community Bankers of America announced the participants in its ninth ICBA ThinkTECH Accelerator program, with artificial intelligence serving as a major focus. The program is set to run from May 19 to July 25 and will include: Beta Financial Services, which offers an AI-powered credit scoring platform Clockout, a white-labeled Earned Wage Access (EWA) infrastructure provider. DeepSee, which offers a flexible AI operating system that streamlines operations. Overwatch
First Business Financial Services in Madison, Wis., is entering the final stage of succession planning. The $3.9 billion-asset company said in a press release that Corey Chambas plans to retire as CEO on May 2, 2026. David Seiler, the company's president and chief operating officer is set to succeed Chambas, who will remain on the board. “Corey’s commitment to First Business Bank’s founding mission – to be the experts our
Foresight Financial Group in Winnebago, Ill., has consolidated six banks under a single charter. The $1.6 billion-asset company said in a press release that it formed Foresight Bank by collapsing the charters of the former German American State Bank, Northwest Bank of Rockford, State Bank of Freeport, Lena State Bank, State Bank of Davis, and State Bank of Herscher. The consolidation “allows us to better serve our customers and communities,”
Frontier Credit Union in Idaho Falls has agreed to buy First Citizens Bank of Butte in Montana. The $687 million-asset credit union announced the planned purchase of the $75 million-asset bank on its website. The price wasn't disclosed. “We’re not just expanding our footprint—we’re extending our mission of helping people build better lives," Frontier CEO Dan Thurman said in the release. “This transaction brings tremendous opportunities for our customers and
American Bancorp in Atlanta has a new leader. The $540 million-asset bank said in a press release that Dominik Mjartan had become its CEO. Mjartan joined American from Optus Bank in South Carolina, where he was president and CEO. "With Dom on board, we are entering an exciting new season for the bank," Adam Patel, the bank's chairman, said in the release. "His vision and dedication are driving us forward as
Steven Sugarman has a bigger role at Patriot National Bancorp in Stamford, Conn. The company disclosed in a regulatory filing that Sugarman, who joined as president in December, will become its CEO on May 6. Separately, Patriot National hired Angie Miranda as chief risk officer. Miranda was the chief risk officer and BSA officer at The Change Company, where Sugarman is the founder and CEO. Sugarman is leading a group
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