First Republic Bank in San Francisco now has two CEOs.The $161 billion-asset bank said in a press release Monday that Hafize Gaye Erkan had become co-CEO, sharing responsibilities with Jim Herbert. First Republic also said it had renewed the contract for Herbert, who is also the bank’s chairman, through the end of next year.Erkan will remain the bank’s president and a director.“In extending and enhancing their collaboration, the board believes

F.N.B. Corp. in Pittsburgh has agreed to buy Howard Bancorp in Baltimore. The $38 billion-asset F.N.B. said in a press release Tuesday that it will pay $418 million in stock for the $2.6 billion-asset Howard. The deal, which is expected to close in early 2022, priced Howard at 160% of its tangible book value.Howard, which entered Baltimore with the 2018 acquisition of 1st Mariner Bank, has 13 branches, $2 billion of

RBB Bancorp in Los Angeles has agreed to buy a branch in Honolulu from Bank of the Orient. The $3.7 billion-asset RBB said in a press release Monday that it will also gain $77.8 million of deposits and $10 million of performing loans. RBB said the total consideration is $2.8 million. The deal is expected to close by Dec. 31. “This transaction accelerates our goal of expanding our presence in

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