The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

GreenState Credit Union plans to buy two banks

GreenState Credit Union plans to buy two banks

GreenState Credit Union in North Liberty, Iowa, has agreed to buy banks in Illinois and Nebraska. The $7.5 billion-asset credit union said in a press release Tuesday that it has purchase-and-assumption agreements to acquire the $730.8 million-asset Oxford Bank & Trust in Oak Brook, Ill., and the $344.6 million-asset Premier Bank in Omaha, Neb. Oxford Bank has $405 million of loans and $635 million of deposits. Premier Bank had $253 million of

May 26, 2021
RBB in Los Angeles splits chairman, CEO roles

RBB in Los Angeles splits chairman, CEO roles

RBB Bancorp in Los Angeles has separated its chairman and CEO positions. The $3.7 billion-asset company said in a press release Tuesday that James Kao had become its chairman, succeeding President and CEO Alan Thian. Kao has been a director at RBB since 2015. Thian, who has been RBB’s chairman since the company’s formation in 2011, will remain on the board. Kao “is an experienced member of the board and

May 26, 2021
Horizon in Michigan to buy divested TCF branches

Horizon in Michigan to buy divested TCF branches

Horizon Bancorp in Michigan City has agreed to buy 14 Michigan branches from TCF Financial in Detroit. TCF will sell the branches, along with $975.7 million of deposits and $278 million of loans, as part of its pending sale to Huntington Bancshares in Columbus, Ohio. The branch sale is expected to close in the third quarter. TCF is selling the branches as part of securing regulatory approval from the Department of Justice

May 26, 2021
NorthWest Indiana Bancorp rebrands as Finward

NorthWest Indiana Bancorp rebrands as Finward

NorthWest Indiana Bancorp in Munster, Ind., has taken on a new identity. The $1.6 billion-asset company said in a press release Monday that it had rebranded as Finward Bancorp in a move that took place last month. The company changed its stock symbol to “FNWD” as part of the rebranding. The company said the new name "reflects its “growth and evolution … in recent years” while conveying the “dynamic forward movement” in

May 25, 2021
Former TexasCapital, CrossFirst CEO George Jones dies

Former TexasCapital, CrossFirst CEO George Jones dies

Veteran banker George Jones passed away on Friday.Jones, 77, had been dealing with a “long illness,” according to an obituary in the Dallas Morning News. Jones helped found Texas Capital Bancshares in Dallas in 1998, serving as its CEO from 2008 to 2013. He became CEO of CrossFirst Bancshares in Leawood, Kan., in May 2018 before retiring last June. He was succeeded by Mike Maddox, who had been the president and CEO

May 24, 2021
Customers Bancorp creating blockchain payments platform

Customers Bancorp creating blockchain payments platform

Customers Bancorp in Wyomissing, Pa., is planning to launch a closed-loop real-time payments platform. The $18.8 billion-asset company said in a press release Thursday that its bank will work with Tassat, a company that provides blockchain technologies for digital payments, to create the platform. Customers said the effort should enhance payments functionality for its business clients while bringing in more low-cost core deposits. The platform should benefit customers that deal

May 21, 2021
First Community in S.C. adds former banker to its board

First Community in S.C. adds former banker to its board

First Community in Lexington, S.C., has added a veteran banker to its board. The $1.5 billion-asset company said in a press release Thursday that it had recruited Jan Hollar to become one of its directors.Hollar recently served as interim CEO of the Myrtle Beach Area Chamber of Commerce. She has 40 years of experience in banking, most recently serving as CEO of HCSB Financial and unit Horry County State Bank. Under her

May 21, 2021
How Enterprise tapped connections to land California deal

How Enterprise tapped connections to land California deal

Enterprise Financial Services in Clayton, Mo., had an advocate when it decided to pursue First Choice Bancorp in Cerritos, Calif., earlier this year. The $10.2 billion-asset Enterprise agreed on April 26 to buy the $2.5 billion-asset First Choice for $398 million in cash and stock. The deal is expected to close in the third quarter. The conversations began on Jan. 19, when Richard Sanborn introduced Jim Lally, Enterprise’s CEO, and

May 19, 2021

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