Foresight Financial Group in Winnebago, Ill., has hired a new president. The $1.6 billion-asset company said in a press release that Jeffrey Hultman had also become its chief banking officer. He will lead the revenue, sales, and service activities for Foresight and its banks. Hultman was CEO at Illinois Bank and Trust, a division of Heartland Financial USA. Four other bankers from Illinois Bank joined Hultman at Foresight. “We are

OneUnited Bank is moving its headquarters out of Boston. The $756 million-asset Black-owned bank will relocate to Roxbury, Mass. “The move will bring us geographically closer to our customers, align our executive office better with our local branch, which is essential to help us create new products and services to meet the needs of low to moderate income communities, and provide more room for the growth in our employees,” CEO

Wintrust Financial in Rosemont, Ill., has agreed to buy Macatawa Bank in Holland, Mich. The $57 billion-asset Wintrust said in a press release that it will pay $510.3 million in stock for the $2.7 billion-asset Macatawa. The deal is expected to close in the second half of this year. Macatawa has 26 branches, $2.4 billion of deposits and $1.3 billion of loans. “Macatawa provides an ideal platform to expand into

BOM Bank in Natchitoches, La., has agreed to buy nine Texas branches from American State Bank in Arp, Texas.   The $1 billion-asset BOM Bank filed an application with the Federal Deposit Insurance Corp. on April 12 tied to the proposed acquisition. The sale is expected to close in the fourth quarter. The price wasn’t disclosed.   The $953 million-asset American State would have seven branches after the deal closes,

A New York group looking to form a blank-check company to buy failed banks has applied for deposit insurance. Organizers of Porticoes National Bank submitted an application with the Federal Deposit Insurance Corp. on April 9. The application wasn’t immediately available. The Office of the Comptroller of the Currency in December granted the proposed bank conditional approval with an understanding that the group will apply for Federal Reserve membership and obtain deposit

Bank of Springfield in Illinois has a new CEO. The $1.6 billion-asset bank said in a press release that Jason Knoedler has succeeded Tom Marantz, who remains chairman of the bank and parent company Spring Bancorp. Knoedler has been a senior vice president and vice chairman since 2006, according to his LinkedIn profile. "Jason’s proven track record of leadership and his ability to inspire those around him make him the

At least 16 teams of bankers have left New York Community Bancorp to accept posts at Peapack-Gladstone Financial in Bedminster, N.J., and Dime Community Bancshares in Hauppauge, N.Y. Peapack said in a press release that it hired Andrew Corrado as president of Peapack Private’s commercial bank in New York City. He became Flagstar’s head of commercial and private banking in the Northeast after New York Community bought the failed Signature

Adro, a New York fintech that aims to help international students access U.S. financial services, has raised $1.5 million pre-seed funding. The company said in a press release that the round was led by Era, with participation from Ex Nihilo Ventures and the Cornell Tech Syndicate. Adro said it will use the funds to add to its engineering team and accelerate its platform’s development. “Once in the U.S., internationals face