Community Trust Bancorp in Pikeville, Ky., will have a new CEO in 2022.The $5.5 billion-asset company said in a press release Wednesday that Jean Hale, will retire as CEO on Feb. 7. Hale has been Community Trust’s CEO for the last 23 years.Mark Gooch was named the company’s president, effective immediately, succeeding Hale. He will succeed Hale as CEO and as a director when she retires.Gooch will remain president and

Horizon Bancorp in Michigan City, Ind., plans to close 10 branches.The $6.1 billion-asset company said in a press release Tuesday that it will shutter nine locations in Indiana and one in Michigan. The closures are expected to take place on Aug. 27.Horizon announced in May that it would buy 14 TCF National Bank branches in Michigan, along with $976 million of deposits and $278 million of loans. The company said

Citizens Financial Group in Providence, R.I., has agreed to buy Investors Bancorp in Short Hills, N.J. The $185.1 billion-asset Citizens said in a press release Wednesday that it will pay $3.5 billion in cash and stock for the $27 billion-asset Investors. The deal, which is expected to close by mid-2022, priced Investors at 130% of its tangible book value. Investors has 154 branches, with 130 around New York City. It

TriCo Bancshares in Chico, Calif., has agreed to buy Valley Republic Bancorp in Bakersfield, Calif.The $8 billion-asset TriCo said in a press release Monday that it will pay $165.6 million in stock for the $1.4 billion parent of Valley Republic Bank. The deal, which is expected to close in the fourth quarter, priced Valley at 157% of its tangible book value.Valley has four branches, $988 million of loans and $1.2

CVB Financial in Ontario, Calif., has agreed to buy Suncrest Bank in Visalia, Calif.The $15 billion-asset CVB said in a press release Tuesday that it will pay $204 million in cash and stock for the $1.3 billion-asset Suncrest. The deal is expected to close by early 2022.CVB said it expects the deal to be 3.5% accretive to its 2023 earnings per share, excluding merger-related expenses and assuming full realization of

First Busey in Champaign, Ill., plans to close 15 branches. The $12.4 billion-asset company said in a press release Tuesday that it will close the locations in the fourth quarter. The closures are designed “to ensure a balance between the company’s physical banking center network and its robust digital banking services,” the release said. The move is expected to save First Busey $3.5 million annually. The company plans to incur

Organizers of Genesis Bank in Newport Beach, Calif., have raised enough capital to open their proposed de novo.The group said in a press release Monday that it brought in $57 million in a capital raise led by Stephen Gordon of Gordon Ventures and Arkview Capital.Gordon, who is set to serve as the bank’s chairman and CEO, is the former CEO of Opus Bank. Arkview, founded by Joon Chang, Pavel Chernyshov and Vijay Mehta, is

MainStreet Bancshares in Fairfax, Va., has added a former regulator to its board. The $1.7 billion-asset company said in a press release that Rafael DeLeon has become one of its directors. DeLeon, a senior vice president of industry engagement for Ncontracts, recently retired as director for banking relations at the Office of the Comptroller of the Currency. At the OCC, he led and instructed the workshops for community bank directors and