Peapack-Gladstone Financial in Bedminster, N.J., has a new president for its equipment finance unit. The $6.2 billion-asset company said in a press release Monday that Dennis Smith had accepted the post. He previously served as the unit’s chief operating officer. Peapack-Gladstone also said that Richard Johnston had been named national director of sales. Johnston previously served as the unit’s senior vice president of capital markets. Smith and Johnston, who joined

First National Bank of Syracuse in Kansas has rebranded as Dream First Bank. The $444 million-asset bank said in a press release Monday that the family ownership, management and values remain unchanged. “We remain the same people our customers have come to depend on with a smile, a handshake and a way to help people reach their next goal,” Chris Floyd, Dream First’s president and CEO, said in the release.

GreenState Credit Union in North Liberty, Iowa, has cut about 5% of its workforce. The $10.7 billion-asset credit union eliminated 42 positions, citing lower loan demand. Most of the cuts came in GreenState’s mortgage lending and commercial banking operations.  “This action was necessary due to the market corrections currently taking place that have a direct impact on GreenState’s operations,” Jim Kelly, the credit union’s chief marketing officer, wrote in an

BCB Bancorp in Bayonne, N.J., is facing claims of wrongfully removing a director. The $3.1 billion-asset company disclosed in a regulatory filing Friday that it had received a letter from a lawyer representing August Pellegrini claiming Pelligrini was removed after objecting to improper board practices. The letter claimed that, since April 2019, Pellegrini had observed “numerous irregularities in the manner in which the board carried out its audit oversight.” He also claimed

Capital One Financial in McLean, Va., has been freed from a 2020 consent order from the Office of the Comptroller of the Currency. The $435 billion-asset company was hit with the order after a 2019 data breach. The order, terminated on Aug. 31, required Capital One to form a compliance committee and pay an $80 million fine.Capital One also had to provide progress reports detailing efforts to improve its risk management,

U.S. Bancorp in Minneapolis and Japan’s Mitsubishi UFJ Financial Group have pushed back the termination date for U.S. Bancorp’s proposed purchase of MUFG Union Bank. The companies said in a press release Friday that the date was moved from Sept. 30 to Dec 31. Both parties said they remain committed to completing the transaction, which still needs regulatory approval.The announcement comes days after the $558 billion-asset U.S. Bancorp said it was

Banc of California in Santa Ana has acquired payments platform Global Payroll Gateway. The $9.5 billion-asset Banc of California said in a press release that it will pay $24 million in cash and stock for Global Payroll and unit Deepstack Technologies. Based in Jupiter, Fla., Deepstack provides merchant processing, payments acceptance and disbursements, among other things. Banc of California said it would use Deepstack to market payment processing services to a range

Unity National Bank of Houston has entered into a written agreement with the Office of the Comptroller of the Currency requiring the bank to improve its processes.The OCC said in the order that it intervened after it found “unsafe or unsound” practices tied to strategic and capital planning, credit risk management, the loan-loss allowance methodology, corporate governance and internal controls. The $247 million-asset bank is required to form a compliance committee