S&T Bancorp in Indiana, Pa., will soon have a new leader. The $9.3 billion-asset company said in a press release Monday that Christopher McComish will become its CEO on Aug. 23. McComish will succeed David Antolik, who has been interim CEO since April. Antolik will remain the company’s president, a position he has held since January 2019.Antolik filled in as interim CEO following Todd Brice's March 31 retirement. McComish previously

Lakeland Bancorp in Oak Ridge, N.J., has agreed to buy 1st Constitution Bancorp in Cranbury, N.J.The $7.8 billion-asset Lakeland said in a press release Monday that it will pay $244.4 million in stock for the $1.3 billion-asset 1stConstitution. The deal, which is expected to close by early 2022, priced 1st Constitution at 157% of its tangible book value.The acquisition will give Lakeland its first branches in New Jersey’s Mercer, Middlesex

Bank of New York Mellon in New York has agreed to buy Milestone Group, a company that provides fund management technology.The $460 billion-asset BNY Mellon said in a press release Thursday that it expects to complete the acquisition in the second half of this year. The company did not disclose the price it will pay. BNY Mellon and Milestone formed an alliance more than a year ago to create a suite

Heritage Commerce in San Jose, Calif., has set aside $4 million to cover a legal settlement.The $5 billion-asset company said in a regulatory filing Wednesday that the settlement addresses claims its bank was negligent in handling, supervising and managing depository accounts for DC Solar debtors and related investment funds. The settlement must be approved by the bankruptcy court.Heritage Commerce said the settlement will run through noninterest expenses for the second quarter

The CEO of United Bancorp. in Atmore, Ala., has retired. The $949 million-asset company said in a press release Wednesday that Bob Jones, 69, also retired as president, effective July 2. He had been the company’s president and CEO since 1992. David Swift, the company’s chairman, will serve as interim CEO. Mike Vincent, United’s chief credit officer, was named interim president. Gwen Braden was named chief operating officer of United

Ray Grace has retired as North Carolina’s commissioner of banks.Gov. Roy Cooper announced in a recent press release that he had appointed Katherine M.R. Bosken to serve as interim commissioner, pending approval from the state’s General Assembly.Bosken, who joined the North Carolina Office of the Commissioner of Banks in 2013, previously served as an associate at Gebhardt & Smith in Baltimore.Grace had been in charge of banking oversight in North Carolina

Codorus Valley Bancorp in York, Pa., is facing calls from an activist investor to find a buyer. Driver Management in New York said in a Tuesday regulatory filing that it wants the board of the $2.3 billion-asset Codorus Valley to “immediately hire a financial advisor and conduct a comprehensive review of all available options for increasing shareholder value, including a sale.”Driver, which has a roughly 6.3% stake in Codorus Valley, said

Select Bancorp in Dunn, N.C., decided early on to deal exclusively with First Bancorp in Southern Pines, N.C., according to a regulatory filing tied to their pending merger. The companies announced a $314 million deal in early June. First, a review of the acquisition’s terms: The deal, expected to close in the fourth quarter, priced the $1.8 billion-asset Select at 185% of its tangible book value. The $7.7 billion-asset First Bancorp said