KS Bancorp’s Board of Directors has announced leadership transitions.The Board of Directors has appointed Earl W. Worley, Jr., President and CEO of KS Bancorp, Inc., the holding company of KS Bank, Inc. Worley currently serves as President and CEO of... Read Story

WesBanco, Inc., a diversified, multi-state bank holding company, announced its affiliate, WesBanco Bank, has promoted David Klick to the role of Upper Ohio Valley (UOV) Market President and Senior Commercial Banker.In his new role, Klick will oversee... Read Story

Peoples Bancorp elected W. Glenn Hogan to the Peoples Board of Directors. He also joined the Board of Directors of Peoples' banking subsidiary, Peoples Bank. Mr. Hogan, 61, formerly served as Chairman of the Board of Directors of Limestone Bancorp... Read Story

River City Bank announced Rebecca Fabisch Miller as Executive Vice President, Commercial Banking Director. In this role, Fabisch Miller will focus on providing services to the bank's middle-market commercial clients. She will lead the bank's... Read Story

Northern Trust has appointed Patrick Cowan Chief Banking Officer for the West Region, where he will lead the strategic direction and execution of the banking business to accelerate growth in the region.Most recently, Cowan was the Chief Banking... Read Story

Fifth Third Bank announced Stephanie Green as South Florida region president. As region president, Green is responsible for the growth and strategic direction of the Bank’s commercial, wealth and asset management, business banking and treasury... Read Story

Valley Bank, a regional bank with operations along key East Coast markets and California, is expanding its Chicago office with the hiring of Matthew Weidle as First Senior Vice President and Midwest Regional President.In this new role, Weidle will... Read Story

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank appointed John P. O’Gorman as Senior Vice President, Head of Special Assets at Peapack-Gladstone Bank.  Working out of the Bank’s Headquarters in Bedminster, New Jersey, O’Gorman’s... Read Story

Mid Penn Bancorp announced its acquisition of Brunswick Bancorp was completed. In connection with the holding company merger, Brunswick’s banking subsidiary, Brunswick Bank &Trust Company, has been merged with and into Mid Penn’s subsidiary bank, Mid... Read Story

Comerica Bank announced Jenae Anderson has been named its first Colorado Market President. She previously served as Comerica's Head of Commercial Banking in this footprint, responsible for overseeing commercial lending and community engagement, which... Read Story

Cadence Bank appointed Jerrell Moore as the company’s new executive vice president and chief diversity officer.“Jerrell brings extensive experience in building inclusive cultures and is a well-respected thought leader on issues of diversity, equity... Read Story

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank appointed Vincent J. Mutarelli as Senior Managing Director, Commercial Private Banker at Peapack-Gladstone Bank. Mutarelli is responsible for growing a portfolio of commercial clients... Read Story

Berkshire Bank, a leading, socially responsible community bank with financial centers in New England and New York, announced that Greg Saint John, an experienced credit officer and banking industry veteran, was promoted to senior vice president... Read Story

First Internet Bank announced that Charles Wheaton has joined the organization as Vice President, Senior Business Development Officer. With his vast experience in all facets of corporate lending, their newest member further strengthens the Bank’s... Read Story

Premier Bank promoted John Houpt to Executive Vice President, Chief Credit Officer.Houpt joined Premier Bank in April 2022 as Deputy Chief Credit Officer where he was responsible for credit underwriting, approval and portfolio administration. In his... Read Story

BankUnited announced the hiring of three financial executives to form a new corporate banking team serving the New York Metropolitan area.“We are excited to welcome Matt, Dan and Laura to the BankUnited family,” said Thomas M. Cornish, BankUnited... Read Story

Nicolas “Nick” Goehring joined Associated Bank as Senior Vice President and Portfolio Manager Lead, Corporate Banking. He is responsible for the administration and risk management of client relationships, as well as the credit risk and quality of the... Read Story

Wells Fargo announced that Jeff Hogan has joined the Corporate & Investment Bank (CIB) as co-head of Global Mergers & Acquisitions (M&A) within the Banking division. He will co-lead the M&A team with David DeNunzio, who has led the business since he... Read Story

The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the... Read Story

The Board of Directors of Renasant Corporation announced that Kevin D. Chapman has been elected President of the Company and Renasant Bank (the “Bank”). Chapman will retain his current title of Chief Operating Officer. It was also announced that C.... Read Story

Oxford Bank Corporation, the holding company for Oxford Bank, awarded small business grants to four local businesses in Michigan through the Federal Home Loan Bank of Indianapolis Elevate Grant program. Elevate is an innovative grant program that... Read Story

TD Bank Group and First Horizon Corporation have entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on February 28, 2022. TD informed First Horizon that TD does not have a timetable for... Read Story

In light of recent reporting regarding strategic actions, PacWest Bancorp issued the following update:Our message remains consistent with what was conveyed last week with earnings. As previously announced, the Company has explored strategic asset... Read Story

Citizens Financial Group announced that Brendan Coughlin, Head of Consumer Banking, and Beth Johnson, Chief Experience Officer and Head of ESG, have been named Vice Chairmen. They join Don McCree, Head of Commercial Banking, and John Woods, Chief... Read Story

JPMorgan Chase acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). In carrying out this transaction, JPMorgan Chase is... Read Story

Federal Deposit Insurance Corporation (FDIC) Chief Risk Officer Marshall Gentry released FDIC’s Supervision of Signature Bank, an internal review evaluating the agency’s supervision of Signature Bank, New York, New York, from 2017 until its failure... Read Story

U.S. Bank is introducing a new Business Diversity Lending Program that will expand the ability of diverse business owners to obtain capital, building upon the bank’s broader efforts to support under-represented businesses and help address the wealth... Read Story

Bank OZK announced John Carter has returned as Chief Credit Officer. In this capacity, he will be responsible for oversight of the bank’s credit, loan operations, special assets and mortgage lending functions. In addition, Carter will participate in... Read Story

Bloomberg reported PacWest Bancorp is exploring a sale of its lender finance arm, according to people familiar with the matter. The California-based bank is working with a financial adviser to solicit interest in the business, said the people, who... Read Story

BMO announced the appointment of Darrel Hackett as U.S. Chief Executive Officer of BMO Financial Group, President & CEO of BMO Harris Bank N.A., and CEO of BMO's U.S. holding company, BMO Financial Corp. (BFC). Mr. Hackett will report to Chief... Read Story

Mitsubishi UFJ Financial Group (MUFG) announced the hiring of five senior executives, and a total of at least 20 new team members, to significantly expand the capabilities of its Technology, Media and Telecom (TMT) Banking group to support the... Read Story

The Federal Reserve Board announced its approval for UBS Group AG, of Zürich, Switzerland, to acquire the U.S. subsidiaries of Credit Suisse Group AG, of Zürich, Switzerland.The application was submitted in connection with UBS Group AG's... Read Story

MC Bank hired Steve Bergeron as Chief Credit Officer. Bergeron has been in the banking industry since 1980. He previously worked at Hancock Whitney and Regions Bank. For the last 12 months, Bergeron has been working in a consulting role with M C Bank... Read Story

Wells Fargo announced that Mary Mack will retire from the company this summer and Saul Van Beurden, head of Technology at Wells Fargo, will succeed Mack as CEO of Consumer & Small Business Banking (CSBB), effective May 15. Van Beurden will continue... Read Story

U.S. Bank announced several changes to its executive leadership team to succeed two leaders who are leaving the company this summer.“We are proud of our longstanding history of attracting, developing and supporting talented leaders who position us... Read Story

Citizens Financial Group, Inc. announced Richard Stein will assume the role of Chief Risk Officer upon the retirement of Malcolm Griggs in the first quarter of 2024. Upon assuming the CRO role, Stein will report to Bruce Van Saun, Chairman and CEO... Read Story

Texas Capital Bancshares, the parent company of Texas Capital Bank, announced David A. Youngberg Jr. has joined the firm as Managing Director and Chief Credit Officer.Youngberg brings more than two decades of credit risk and enterprise risk... Read Story

Wells Fargo Corporate & Investment Bank (CIB), announced that Rachel Goldin Jinich will lead Specialty Real Estate Finance (SREF) within its Commercial Real Estate (CRE) group and oversee all SREF teams, including Hospitality Finance, Seniors Housing... Read Story

First Business Bank added Ed Sloane as Consultant to its Bank Consulting team after retiring March 31 from the role he held for over seven years as Chief Financial Officer of First Business Financial Services, Inc., parent company of First Business... Read Story

Bloomberg reported U.S. bank lending contracted significantly in the last two weeks of March, indicating a tightening of credit conditions. According to the Bloomberg report, commercial bank lending declined nearly $105 billion in the two weeks ended... Read Story

Regions Bank announced veteran commercial banking leader Mark Evans will serve as the company’s first market executive focused exclusively on San Antonio and surrounding areas as Regions builds on its Texas presence yet again.Regions is one of the... Read Story

Huntington National Bank selected Christian Corts as its new director, overseeing its regional banking teams across Huntington's 11-state footprint. Most recently, Corts served as the North Texas regional president at Truist Financial Corporation.In... Read Story

Bank economists expect credit conditions to weaken over the next six months as economic growth slows and interest rates trend higher, according to the American Bankers Association’s latest Credit Conditions Index released today.The latest summary of... Read Story

Webster Bank announced two members of its executive management team have been promoted.Luis Massiani has been promoted to Senior Executive Vice President and appointed President of Webster Bank. He continues in his role as Chief Operating Officer, a... Read Story

BankUnited is expanding its Florida corporate banking division with the addition of three bankers who will help serve the bank’s growing portfolio of middle-market and large corporate companies doing business throughout the region. “We are excited to... Read Story

First Business Bank has added Jerry Huynh as Managing Director - SBA Lending.With nearly 30 years of experience in helping businesses accomplish their goals through commercial and SBA Lending, Huynh brings extensive knowledge and significant... Read Story

Bank of America has named Scott Vanderpool as President of Bank of America Phoenix. The company also announced that widely known business leader Benito Almanza plans to retire April 6 after 45 years of service with the company and 22 years as Phoenix... Read Story

Patriot National Bancorp., the parent company of Patriot Bank, announced the promotion of David Lowery to become President and CEO of the Bank, succeeding Robert Russell.Effective after a transitionary period through late April 2023, Russell will be... Read Story

Regions Bank announced the launch of its International Subsidiaries Banking Group, a dedicated team focused on delivering financial insights and customized banking services to subsidiaries of international corporations operating in the United... Read Story

Versana announced the addition of four new leading banks – Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo – as investors in its industry backed, digital data and technology platform transforming the $5 trillion syndicated loan market.... Read Story

J.P. Morgan Private Capital appointed Alex Bell as a Partner of its Sustainable Growth Equity (SGE) platform, bringing close to two decades of private equity experience with a focus on energy and climate technology. Based in New York, Bell will... Read Story

First-Citizens Bank & Trust Company, a subsidiary of Raleigh-headquartered First Citizens BancShares, Inc. entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase out of FDIC receivership substantially all loans... Read Story

FinWise Bank, a subsidiary of FinWise Bancorp, announced that the Board of Directors approved the promotion of Chief Credit and Chief Strategy Officer, James Noone to succeed President Kent Landvatter effective immediately. Mr. Landvatter will remain... Read Story

Stifel Financial Corp. announced a significant expansion of its business serving growth companies in the venture community through the addition of three key partners formerly with Silicon Valley Bank, (“SVB”). Jake Moseley, Matt Trotter, and Ted... Read Story

Barclays appointed John J. Erdmann as Chief Financial Officer for Barclays US Consumer Bank and Barclays Bank Delaware (BBDE). Erdmann will oversee the bank’s consumer financial operations in the United States, including financial reporting, planning... Read Story

WSFS Bank, the primary subsidiary of WSFS Financial Corporation announced that the following 13 Associates from across the organization have been appointed to Senior Vice President (SVP) positions: Brian Adelson – SVP, Director of Technology... Read Story

SVB Financial Group filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York to preserve value.SVB Securities and SVB Capital's funds and general... Read Story

UBS announced it plans to acquire Credit Suisse. The combination is expected to create a business with more than $5 trillion in total invested assets and sustainable value opportunities. It will further strengthen UBS’s position as the leading... Read Story

New York Community Bancorp, Inc. announced its bank subsidiary, Flagstar Bank, N.A. (the "Bank") has acquired certain assets and assumed certain liabilities of Signature Bridge Bank ("Signature") from the Federal Deposit Insurance Corporation (the... Read Story

Peter Malmstrom has joined Associated Bank as Senior Vice President & Regional Senior Credit Officer, Corporate Banking. He is responsible for approval and concurrence duties for the bank’s commercial lending groups.Malmstrom brings more than 20... Read Story

Bank of America, Citigroup, JPMorgan Chase and Wells Fargo announced they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY-Mellon... Read Story

While the recent and sudden deterioration of several U.S. banks has been most impactful to the depositors, shareholders and lenders to these institutions, non-bank financial institutions, insurance companies and funds have experienced a variety of... Read Story

Oxford Bank Corporation, the holding company for Oxford Bank, announced the appointment of two executive leaders, Michael ("Mick") Goik, President, Oxford Commercial Finance and Matthew Lowman, Oxford Bank Executive Vice President, and Chief Risk... Read Story

Bloomberg reported that Moody’s Investors Service placed First Republic Bank and five additional U.S. lenders on review for downgrade following the collapse of Silicon Valley Bank.According to the Bloomberg report, Western Alliance Bancorp., Intrust... Read Story

First Citizens Bank announced that its Middle Market Banking group is expanding yet again – this time to better support the financial needs and goals of midsize businesses in the Midwest and South Central U.S. First Citizens Middle Market Banking has... Read Story

Signature Bank, New York, NY, was closed on March 12th by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC transferred all the deposits... Read Story

Truist Financial Corporation announced that John Gregg will retire, and that Tom Hackett has been named chairman and chief executive officer of Truist Securities, Truist's full-service corporate and investment bank, effective March 31.Based in... Read Story

Cornerstone Bank promoted five employees to senior leadership positions: Douglas Schmeling is now Senior Vice President, Chief Credit Officer. Thomas Moschos is now Senior Vice President, Commercial Lender. Jessica Johnson is now Vice President... Read Story

TD Bank Group (TD) announced the following appointments to reflect the expanded mandates of two Senior Executive Team (SET) members.Barbara Hooper will become Group Head, Canadian Business Banking, TD Bank Group, effective May 1, 2023. Barbara has... Read Story

Citizens named Jessica Rascionato to lead its Commercial Real Estate team and expanded Joanne Wyper’s role to head of Commercial Banking Digital and Operations to drive the Commercial Bank’s digital-forward strategy. Bragg Comer will succeed... Read Story

On March 1, First Citizens Bank celebrated its 125th year of delivering long-term value and excellent service to clients and strong results to shareholders.  First Citizens is recognizing this significant service milestone with a celebration... Read Story

U.S. Bank has added portfolio optimization capabilities to its Pivot client platform, giving collateralized loan obligation (CLO) clients comprehensive insights for faster and more effective trading. Using a set of criteria selected by the client... Read Story

Citizens M&A Advisory served as the exclusive financial advisor to Apogee IT Services, backed by Brook Venture Partners, on the sale of its U.S. assets to Magna5. Magna5 is a national provider of managed IT, cybersecurity and cloud-based services and... Read Story

Bridge Business Credit announced the appointment of two new regional managing directors, reflecting the company's recent rebranding and business expansion plans.Jeff Stirling joins the company as regional managing director, operating out of the... Read Story

Manufacturers Bank, a member of SMBC Group, announces the appointment of Hillary Savoie as Executive Vice President and Chief Banking Officer.In this newly created role, Savoie is responsible for all client, marketing, and product development-related... Read Story

Webster Bank promoted Ann Meade to Regional President, Boston and Managing Director, Commercial Lending, leading Middle Market Banking, in the Greater Boston market.  Meade has been a strong presence in the Boston marketplace for Webster and has been... Read Story

BMO Financial Group and BNP Paribas announced a long-term commercial agreement and new cross-border framework to enhance coverage and access to a global network for their commercial banking clients. They will also enter into a comprehensive leasing... Read Story

Customers Bank announced the launch of a new Loan Syndications Banking Team, expanding the bank’s lending services for middle market businesses and lead deals to support the bank’s existing and future national lines of business.The Loan Syndications... Read Story

IDB Bank announced the expansion of its Sponsor & Leverage Finance team. As part of this expansion, IDB aims to further its presence within the leverage finance space, a key area of growth over the next several years.The recent expansion welcomes... Read Story

Signature Bank announced Co-founder, President and Chief Executive Officer Joseph J. DePaolo plans to transition into a senior advisor role during 2023. Chief Operating Officer Eric R. Howell will succeed DePaolo as President, effective March 1, 2023... Read Story

BMO Financial Group announced the appointment of Nadim Hirji as Group Head, BMO Commercial Banking. Hirji will report to Chief Executive Officer Darryl White and join the bank's Executive Committee. His appointment is effective March 1, 2023."Across... Read Story

The Board of Directors of Farmers & Merchants Bank and The Bank of Fayetteville has welcomed Matt Mason back to The Bank of Fayetteville as the Northwest Arkansas Market President, where he will oversee retail and lending operations for eight bank... Read Story

TD Bank Group and First Horizon Corporation have mutually agreed to extend the outside date of their proposed transaction from February 27 to May 27, 2023, in accordance with the terms of the merger agreement.TD and First Horizon are fully committed... Read Story

Silicon Valley Bank announced that Ashraf Hebela has been named the new Head of Technology & Healthcare Banking for North America. He succeeds Dave Sabow who SVB recently named as CEO of Silicon Valley Bank UK and Head of EMEA, pending regulatory... Read Story

First Citizens Bank announced its Middle Market Banking business is launching a business-focused webinar series to provide a range of expert insight to owners, executives, service providers and others engaged with middle market companies.The first... Read Story

WSFS Bank, the primary subsidiary of WSFS Financial Corporation, announced the hires of Brionna L. Denby as Senior Vice President, General Counsel, and Michael Dzielak, MBA as Senior Vice President, Director of Financial Crimes.In her new role, Denby... Read Story

CIBC Innovation Banking announced that Mark Usher has been appointed Senior Vice-President, Innovation Banking; President and Executive Managing Director, CIBC Innovation Banking, effective February 28, 2023, taking on the role currently held by Mark... Read Story

The Private Banking arm of Brown Brothers Harriman & Co. (BBH) announced the expansion and strengthening of its Corporate Advisory and Banking team in Philadelphia with the hiring of Dan Vereb. This is reflective of the firm’s deep commitment to... Read Story

Bridge Bank announced that its Capital Finance Group has added three new hires to support key markets. The new team members, based in Seattle, Chicago and Las Vegas, will serve Bridge Bank clients nationwide.In addition to providing traditional... Read Story

BMO Financial Group, and its subsidiaries BMO Financial Corp. and BMO Harris Bank N.A. (together, "BMO"), announced it has completed the acquisition of Bank of the West from BNP Paribas.BMO's acquisition of Bank of the West brings nearly 1.8 million... Read Story

U.S. Bancorp Asset Management has named Jim Link as head of its institutional Outsourced Chief Investment Officer (OCIO) practice, housed within its wholly-owned subsidiary PFM Asset Management, LLC. In this role, Link will be responsible for... Read Story

Wintrust Financial Corporation announced the planned transition of the Chief Executive Officer role. Effective May 1, 2023, Timothy S. Crane, who currently serves as Wintrust’s President, will assume the additional role of Chief Executive Officer.... Read Story

Comerica announced it is promoting three executive leaders to newly established positions: Peter Sefzik, Executive Vice President (EVP), Executive Director, Commercial Bank, will assume the role of Senior EVP, Chief Banking Officer; Megan Crespi... Read Story

Barclays announced the appointments of Douglas Melsheimer as a Managing Director in Technology Investment Banking, and Vladimir Ganchev as a Managing Director in Technology M&A. Mr. Melsheimer will focus on software, with emphasis on Human Capital... Read Story

U.S. Bank announced the hire of Guillaume Mascotto as the company’s head of Sustainable Finance. In this new leadership role, Mascotto will build and lead a new team focused on identifying sustainable finance opportunities across the entire... Read Story

Provident Bank announced that Scott Hurlbert has joined the bank as Senior Vice President, Digital Channels Director with the Information Technology team. Mr. Hurlbert will be based in the bank’s Iselin, N.J. administrative headquarters.In this... Read Story

BHI appointed Nitin Aeri as Head of Cash Management. Nitin brings to BHI more than 12 years of experience in Treasury and Cash Management across commercial, corporate and multinational client segments covering the management of product P&L, sales... Read Story

Bank of America named Vaughn Reynolds President of Bank of America Columbia. The company also announced that well-known South Carolina business and community leader Kim Wilkerson plans to retire in March after 42 years with the bank and nearly two... Read Story

First Business Financial Services announced promotions among its commercial banking team, advancing key leaders across its Midwest business banking markets.“We are pleased to elevate our long-tenured teammates as part of First Business Bank’s ongoing... Read Story

EagleBank, one of the largest community banks in the Washington, DC area, appointed Jay Namputhiripad as Chief Risk Officer, replacing Jeff Curry after his retirement this month. A 23-year veteran in the risk and compliance field, Namputhiripad will... Read Story

Washington Federal reports that on Jan. 2, 2023, the President and CEO of Washington Federal, Inc. and Washington Federal Bank (dba WaFd Bank), Brent Beardall, was one of four people on board a private plane that crashed in Provo, UT shortly after... Read Story

Provident Bank released the results of its 2023 Economic Outlook Survey. The survey polled 1,000 small-to-medium-sized business owners and executives and explores predictions for 2023’s economic outlook in addition to measuring respondents' thoughts... Read Story

Brookline Bancorp, Inc. received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System, New York State Department of Financial Services and Massachusetts Board of Bank Incorporation necessary to complete its... Read Story

The First Bancshares, Inc., the holding company for The First Bank, and Heritage Southeast Bancorporation, Inc. (HSBI), the holding company for Heritage Southeast Bank, announced the previously announced merger between First Bancshares and HSBI... Read Story

FNBC Bank has hired Edward Haddock to lead its Small Business Division, according to President & CEO Marty Sellars. Haddock brings over a decade of experience working for the U.S. Small Business Administration.“In October, we shared with our... Read Story

Farmers National Banc Corp., the holding company for The Farmers National Bank of Canfield, completed the merger of Emclaire Financial Corp., the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”) with and into FMNB Merger... Read Story

Seattle-based First Sound Bank announced it has reached a mutual agreement with BM Technologies, Inc. (BMTX) to terminate its previously announced merger agreement. The Bank will continue to do business as a locally owned, independent community bank... Read Story

Republic First Bancorp, Inc., the holding company for Republic First Bank d/b/a Republic Bank, announced several leadership changes.Thomas (Tom) X. Geisel has been appointed Chief Executive Officer and President, and as a member of the Board of... Read Story

Banc of California, the holding company for Banc of California, announced the promotions of several senior executives effective January 1, 2023. The Company also announced the retirement of Lynn Sullivan as the Company’s Executive Vice President and... Read Story

Wilmington Trust, a leader in wealth management and corporate and institutional services and a wholly-owned subsidiary of M&T Bank Corporation, announced an agreement with Madison Dearborn Partners, LLC ("MDP"), a leading private equity firm based in... Read Story

Provident Bank announced that Aleksei Somarsingh recently joined the Bank’s Plymouth Meeting-based commercial lending team as Vice President and C&I Relationship Manager. Somarsingh is tasked with growing the commercial loan portfolio in Metro... Read Story

The Board of Directors of Washington Trust Bancorp announced Mark K.W. Gim will retire as President and Chief Operating Officer, effective with the Corporation's 2023 Annual Meeting of Shareholders in April 2023. The Board also announced that Gim was... Read Story

Keeping pace with the volume, scope and breadth of regulatory changes tops the list of key concerns facing U.S. banks, credit unions, and other lenders, according to the results of Wolters Kluwer’s latest Regulatory & Risk Management Indicator survey... Read Story

TD Bank has named Sheryl L. McQuade as the Regional President of its New England Metro.In this role, McQuade will lead TD Bank’s New England consumer and small business, commercial, and middle-market banking and lending services throughout a network... Read Story

Axiom Bank has launched a new Commercial Finance Division headquartered in Dallas, TX. The new division will service businesses seeking Asset Based Lending, Factoring, and Equipment Financing credit facilities ranging from $2 million and greater and... Read Story

F.N.B. Corporation successfully completed its acquisition of Greenville, North Carolina-based UB Bancorp, including its wholly-owned banking subsidiary, Union Bank (Union).As a result of the acquisition of Union, FNB has nearly $44 billion in total... Read Story

Summit Financial Group and PSB Holding Corp. announce the signing of a definitive merger agreement between Summit and PSB.Subject to the terms of the merger agreement, PSB shareholders will receive 1.2347 shares of Summit common stock for each... Read Story

Bank of America named Jim Morehead president of Bank of America Seattle. The company also announced that Alex Yang will become Seattle Market Executive, replacing Jeremey Williams who was recently promoted to Community Relations Manager (CRM)... Read Story

Minority Depository Institutions (MDIs) provide vital financial services to underserved communities and are key to helping close the racial wealth gap. Since 2020, JPMorgan Chase has made more than $100 million in direct equity investments in diverse... Read Story

Northeast Bank announced that since September 30, 2022, the Bank has purchased or entered into agreements to purchase primarily commercial real estate loans in the amount of unpaid principal balance of up to $1.16 billion. The Bank’s commercial real... Read Story

BNP Paribas appointed several senior executives to its Global Markets Americas division. The appointments demonstrate the bank’s commitment to the Americas region and ambition to grow its Global Equities, Global Credit and Global Macro... Read Story

First Foundation, a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced Christopher M. Naghibi, who has served as Executive Vice President, Chief Credit Officer of... Read Story

Citizens Financial Group has been named Bank of the Year 2022 for the U.S. by The Banker, an outlet of The Financial Times, as part of the magazine’s annual global banking awards.In announcing the award, the magazine noted Citizens’ successful growth... Read Story

CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business has provided a $35 million revolving credit facility to Utopia Deals.Based in Plainview, N.Y., Utopia Deals is a leading seller of linens, towels, bedding and... Read Story

Wells Fargo has unveiled Vantage, a new digital banking platform for Commercial Banking and Corporate & Investment Banking clients. Previously known as the Commercial Electronic Office – or CEO Portal – Vantage offers enhanced features to drive a... Read Story

U.S. Bancorp completed the acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. The transaction brings together two premier organizations to serve customers and communities across California... Read Story

Newtek Business Services Corp. received conditional approval from Office of the Comptroller of the Currency (“OCC”) to complete its acquisition of the National Bank of New York City. Newtek announced last week that it received approval from the... Read Story

The Commercial Bank of TD Bank made a $5 million equity investment in Citizens Trust Bank in Atlanta, Ga., to help expand opportunities for minority businesses as it eyes further expansion into the region. Citizens Trust Bank is a black-owned... Read Story

HSBC Holdings plc announced its wholly owned subsidiary, HSBC Overseas Holdings (UK) Limited, has entered into an agreement to sell its banking business in Canada (HSBC Canada) to Royal Bank of Canada (RBC), subject to regulatory and governmental... Read Story

1st Source Corporation and 1st Source Bank are announced that its Board of Directors has recently made two promotions with an eye on its future.Effective December 1, 2022, Andrea G. Short, President of 1st Source Bank will also become its CEO.... Read Story

National Capital Bancorp announced Richard B. (Randy) Anderson, Jr. has decided to retire as Chief Executive Officer of its subsidiary, The National Capital Bank of Washington on Dec. 31, 2022 after a 47-year career including the last seven years... Read Story

Axiom Bank, a Maitland-based bank, expanded its team with the hiring of Todd A. Davock as Senior Vice President, Business Development Officer in its asset-based lending division headquartered in Dallas.Davock brings nearly 25 years of experience in... Read Story

Jude Melville, President and CEO of b1BANK, announced N. Jerome “Jerry” Vascocu, Jr. as Chief Administrative Officer for Business First Bancshares, Inc. and b1BANK. Vascocu will be the first Chief Administrative Officer for the bank. He has over 27... Read Story

M&T Bank appointed Sam Bluso to lead the bank's new Institutional Real Estate Group focused on expanding M&T's corporate real estate business. As Head of Institutional Real Estate for M&T, Bluso will rely on his 25 years in the real estate capital... Read Story

First Foundation Inc., a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced that Chief Executive Officer, Scott F. Kavanaugh, has been named President of First... Read Story

KeyCorp announced Donald R. Kimble, Chief Financial Officer (CFO) and Chief Administrative Officer, will retire on May 1, 2023.  He will be succeeded by Clark H.I. Khayat, currently Chief Strategy Officer."Don is a highly respected leader both inside... Read Story

Frost Bank announced Howard Kasanoff, a Senior Executive Vice President who has been with the bank since August 1992, will become Chief Credit Officer at the beginning of 2023. Kasanoff will succeed Bill Perotti, Frost's long-serving Chief Credit... Read Story

California Bank of Commerce (CBC) has formed a new division to focus on existing specialty lines of business. The division will look to expand both credit and treasury solutions to the Bank’s commercial markets. Known as CBC Specialty Banking, the... Read Story

WSFS Bank, the primary subsidiary of WSFS Financial Corporation announced that Steven J. Cunningham has been named Senior Vice President, Director of Small Business Administration (SBA) Sales, reporting to Candice Caruso, Senior Vice President, Chief... Read Story

First Citizens Bank announced that its CIT Bank division has completed its conversion of its branches to First Citizens’ operations and systems. This conversion integrates CIT Bank branch customer accounts into First Citizens products and... Read Story

BHI appointed Danielle Ofek as Head of High Tech. Ofek has more than 15 years of experience founding and leading technology start-ups and serving as an executive in the corporate technology sector.  “Technology is a critical and strategic growth... Read Story

Washington Federal, Inc. and Luther Burbank Corporation jointly announced the signing of a definitive merger agreement pursuant to which Washington Federal will acquire Luther Burbank and its wholly-owned subsidiary, Luther Burbank Savings, in an all... Read Story

NexBank Capital, parent company of NexBank, announced John L. Holt, Jr.'s decision to retire as President and CEO at year end. Holt will continue to serve the company in his role as Chairman of the Bank and new appointment as Vice Chairman of the... Read Story

U.S. Bank announced executive leadership changes that will change how the company manages technology and operations for its employees and customers.Jeff von Gillern, Vice Chair of Technology and Operations Services, intends to retire from the company... Read Story

Santander Bank announced the appointments of Donna Cleary to Market Manager and Jim Bravyak to Head of Underwriting & Portfolio Management. In her new role, Cleary will lead an additional team of bankers to focus on the vast opportunity with middle... Read Story

First Business Bank added Jamie Buckley as Senior Vice President – Director of Commercial Banking to lead the Commercial & Industrial Lending team in their Kansas City Metro office.Buckley has 20 years of experience working in Kansas City, Oklahoma... Read Story

Rockland Trust added Slayton Purcell to its Asset Based Lending Team as Vice President, Relationship Manager. In his role, Slayton is responsible for managing a growing portfolio of clients while underwriting and building new relationships. Prior to... Read Story

SMBC Nikko Securities America announced that Raffi Dawson has joined the firm as Managing Director, Head of Structured Finance Group. In this new role, Dawson will be responsible for overseeing the securitization businesses, including conduit... Read Story

Barry Bobrow has joined Regions Business Capital (RBC) as Managing Director, Head of Credit Markets, according to a posting on LinkedIn. Bobrow brings over 35 years of banking experience to this new role, including significant leadership positions in... Read Story

Aligning with a long-term strategic plan to refocus on the company’s retirement business and Nuveen, its asset manager, TIAA has entered into a definitive agreement to sell TIAA Bank to new investors with extensive experience in financial services.... Read Story

Pinnacle Bank, headquartered in Gilroy, CA, announced Michael Khan has joined the bank as Executive Vice President, Senior Lending Officer.“We are pleased to welcome Michael Khan to the Pinnacle Bank family. Michael has over 20 years of lending... Read Story

In the 16 months between two U.S. Bank CFO surveys, finance leaders faced a wave of new challenges, from high inflation to the effects of the war in Ukraine. The 2022 U.S. Bank CFO Insights Report found that finance leaders’ priorities have shifted... Read Story

Peapack-Gladstone Financial Corporation announced Frank A. Cavallaro joined the Company and Peapack-Gladstone Bank as Senior Executive Vice President, and will assume the role of Chief Financial Officer on Nov. 10Cavallaro joins the Bank from... Read Story

Pathward Financial announced Sonja Theisen, 41, currently Executive Vice President, Governance, Risk and Compliance, will succeed Glen W. Herrick, 60, as Chief Financial Officer, effective April 30, 2023.Brett Pharr, Chief Executive Officer, said... Read Story

Republic Bancorp, the parent company of Republic Bank & Trust Company, and Cincinnati-based CBank announced the signing of an Agreement and Plan of Merger under which Republic will acquire CBank and its wholly-owned subsidiary, Commercial Industrial... Read Story

TD Bank appointed Gregory Carlisle as its Commercial Market President for South Jersey/Coastal New Jersey. He succeeds Robert Curley III, following his move to Regional President of the Pennsylvania and New Jersey Metro.In this role, Carlisle will... Read Story

 Republic First Bancorp the parent company of Republic Bank, promoted Steve McWilliams to Executive Vice President, Chief Lending Officer.McWilliams has spent over 30 years in the banking industry, previously serving as Republic Bank’s Market... Read Story

The national Citizens Business Conditions Index™ (CBCI) rose to 56.1 in the third quarter, regaining momentum after a drop in second quarter economic sentiment prompted by inflation concerns. This quarter’s score extends the index’s streak to eight... Read Story

BMO Commercial Bank announced two executive appointments in support of its strategic priorities in Quebec.René Douville has been appointed Special Advisor, BMO Commercial Bank, Canada. Mr. Douville's appointment follows seven years as Head of... Read Story

Capital One announced that Mark Killingsworth and Mark Brown have joined Capital One Public Funding as Senior Vice Presidents. In these roles, Killingsgworth and Brown will be responsible for originating municipal transactions for Capital One’s... Read Story

SMBC, a member of SMBC Group, announced the appointment of Robin Milberg as Chief Human Resources Officer (CHRO) and Paul Sweeney as Head of Strategy & Transformation. Both report to the SMBC Group in the Americas Chief Operating Officer, Debbie... Read Story

Cadence Bank announced the launch of its new brand identity and corporate website, underscoring its continued commitment to helping people, companies and communities prosper and delivering on its brand promise of creating ease for customers.The... Read Story

Webster Bank announces that Abby Parsonnet is now Executive Managing Director, Head of Asset Based Lending (ABL) for Webster Bank. In her role, she will oversee the nationwide Asset Based Lending and Commercial Services teams at Webster, which also... Read Story

Citizens announced the appointment of Rebecca O’Connell as its New York City Metro Market Executive. In this capacity, she will represent Citizens throughout the region as the bank partners with customers, businesses, and communities to help them... Read Story

Synovus Bank announced additions to its leadership team in its expanding corporate & investment banking (CIB) line of business. These new leaders will strategically grow client relationships through deeper industry expertise and broader corporate... Read Story

U.S. Bancorp has received all required U.S. regulatory approvals to complete the previously announced acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group, including approvals from the Board of... Read Story

WSFS Bank announced that Shari Kruzinski has been named Executive Vice President, Chief Consumer Banking Officer, reporting to Rodger Levenson, WSFS Chairman, President, and CEO. In her new role, she will oversee all aspects of the Consumer Banking... Read Story

Regions Bank and subsidiary Sabal Capital Partners, a diversified commercial real estate lender, announced the hiring of Jason Scott as managing director and head of Conventional Loan Production for the companies.In this role, Scott will oversee... Read Story

First Citizens Bank announced that James Ligman has joined as a managing director in its Middle Market Banking business to lead expansion efforts in the Orange County and Inland Empire regions.In this role, Ligman will be responsible for developing... Read Story

TD Bank announced Steve Boyle has been named Chief Operating Officer, a newly created position reporting to Leo Salom, President and CEO. Boyle will be responsible for scaling the bank’s operations to support its growth priorities, continuing the... Read Story

First Citizens Bank announced the expansion of its Middle Market Banking unit to support the financial needs and goals of midsize businesses across Southern California and the Southwest region. The expansion follows the official launch of First... Read Story

Wintrust Business Credit (WBC), the asset-based lending (ABL) unit of Wintrust Commercial Banking, announced the hiring of Andy Hall as National Portfolio Manager as part of its nationwide expansion effort. Working alongside National Sales Manager... Read Story

The American Bankers Association Foundation named Pathward, formerly known as MetaBank, a winner of its 2022 Community Commitment Award. The award recognizes Pathward’s Community Impact Program in the Volunteerism category. The Foundation presented... Read Story

Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, announced the completion of its acquisitions of Apollo Bancshares, Inc. (Apollo), parent company of Apollo Bank and of Drummond Banking Company (Drummond)... Read Story

First Interstate BancSystem announced the appointment of Ashley Hayslip as Executive Vice President, Chief Banking Officer (CBO). In her new role, effective Nov. 28, Hayslip will lead First Interstate Bank’s retail and commercial teams as well as... Read Story

American Banker has recognized U.S. Bank leaders in its 2022 Most Powerful Women in Banking, naming vice chairs Gunjan Kedia and Kate Quinn and senior vice president Vanessa Angeles among 75 individual honorees.Kedia, a vice chair and member of the... Read Story

Signature Bank, a New York-based full-service commercial bank, announced expansion of its West Coast presence with the appointment of veteran banking professionals and the opening of a new private client banking office in Reno, NV.Signature Bank is... Read Story

CIBC President and CEO Victor Dodig announced senior leadership appointments to further the bank's client-focused strategy.The following leadership changes are effective November 1, 2022:Mike Capatides, Senior Executive Vice-President and Group Head... Read Story

American Banker announced the 2022 honorees of The Most Powerful Women in Banking™. Now celebrating its 20th anniversary, the program recognizes individuals and teams for demonstrating exceptional leadership skills, strong performance and a... Read Story

SMBC, a member of SMBC Group, announced the appointment of Rick Davison as Chief Financial Officer for the Americas.Hirofumi Otsuka, CEO of SMBC Group in the Americas and President & CEO of SMBC Americas Holdings, Inc., said, “Rick brings to SMBC a... Read Story

Citizens Financial Group announced that Michelle Hecht has been named Head of Corporate Affairs. In this capacity she will oversee public affairs, corporate philanthropy, community engagement and volunteerism initiatives that support the company’s... Read Story

Citizens Bank and Trust Company (the Bank) announced the promotion of C. Taylor Quicke to the position of President and the promotion of Cetric A. Gayles to the position of Executive Vice President/Chief Credit Officer. Joseph D. Borgerding will... Read Story

WSFS Bank, the primary subsidiary of WSFS Financial Corporation, announced the following six Associates from across the organization have been elevated to Senior Vice President (SVP) positions: Ed Andrewlevich – SVP, Director of Analytics &... Read Story

Regions Bank announced Kelly Henderson has joined the company’s Real Estate Capital Markets division and will serve as syndications lead for Regions’ Affordable Housing group.As syndications lead, Henderson will manage the distribution of Low-Income... Read Story

David Jeter has been named executive director for BOK Financial’s Commercial Banking line of business. The line of business, which generally serves owner-managed companies and nonprofits with $5 million to $50 million in revenue, is one of the... Read Story

Provident Financial Services, the parent company of Provident Bank, and Lakeland Bancorp, Inc., the parent company of Lakeland Bank, announced that they have entered into a definitive merger agreement pursuant to which the companies will combine in... Read Story

CIBC announced Ramsey Naber, managing director and business development officer, has joined its Asset-based Lending team in the Western Region.In his role, Naber will be responsible for new deal originations and relationship development in the... Read Story

The PNC Financial Services Group has acquired Linga, a point of sale (POS) and payments solutions firm providing an industry-leading, cloud-based restaurant operating system. The acquisition of Linga and its technology will further expand PNC's... Read Story

Farmers & Merchants State Bank announced the appointment of Eric Faust as the Senior Vice President and Chief Risk Officer (CRO). F&M also announced Benét Rupp, Chief Administrative Officer, has been promoted to Executive Vice President.Lars Eller... Read Story

NJ-based Columbia Bank announced it hired Matthew Rickert as Executive Vice President, Chief Credit Officer. In his role, Rickert is responsible for the Bank’s credit policies, including all aspects of Commercial Credit and Special Assets.Rickert has... Read Story

Huntington National Bank celebrates the grand opening of Detroit's Huntington Tower, located at 2025 Woodward Avenue. The new tower is located in the heart of The District Detroit, a world-class, mixed-use sports and entertainment district emerging... Read Story

Provident Bank announced that Damiano Tulipani has joined the organization as Senior Vice President, Chief Information Security Officer.In this role, Mr. Tulipani will play a critical role in providing vision, leadership, oversight, and management of... Read Story

Bridge Bank announced a significant expansion of its growing asset-based lending team, part of the bank’s Capital Finance Group.Seven recent hires support the ongoing buildout of monitoring support for the Capital Finance Group, which serves clients... Read Story

Fifth Third Bank has launched its Mortgage Warehouse Finance business to meet the needs of independent mortgage bankers. As one of the largest regional banks in the U.S., Fifth Third offers the liquidity, credit and banking solutions independent... Read Story

Wintrust Business Credit announced plans to expand its geographic reach from a regional provider to a national ABL platform.  Since its founding in 2008, WBC has provided best-in-class asset-based lending solutions with a focus on middle-market... Read Story

U.S. Bancorp and Mitsubishi UFJ Financial Group (MUFG) have mutually agreed to exercise their right under the purchase agreement for U.S. Bank’s acquisition of MUFG Union Bank’s core regional banking franchise to extend the outside termination date... Read Story

SVB Financial Group, parent of Silicon Valley Bank, announced the appointment of Thomas King, former Chief Executive Officer of Investment Banking at Barclays, to its board of directors, effective September 13, 2022. King will also serve on the... Read Story

Umpqua Bank, a subsidiary of Umpqua Holdings Corporation announced the expansion of its Phoenix-based middle market banking team with the addition of five new members to support its rapid growth in serving mid-size companies across Arizona.Today's... Read Story

Truist Financial Corporation announced that Mike Maguire, Truist's chief consumer finance and payments officer, has been named chief financial officer (CFO) effective Sept. 15. Maguire succeeds current Truist CFO Daryl Bible, whose retirement was... Read Story

Mitsubishi UFJ Financial Group (MUFG) announced the expansion of its newly formed Direct Lending business with the hiring of Claude Mattessich and Will McCarthy. Both Mattessich and McCarthy have joined the bank as Managing Directors and Senior... Read Story

Western Alliance Bank announced the promotions of several senior executives and the formation of a new Executive Leadership Team as part of the bank’s continuing commitment to align its management structure to support its industry-leading growth.“I... Read Story

First Citizens Bank announced the official launch of its Middle Market Banking unit to support the financial needs and goals of midsize businesses across the Southeastern U.S. Headquartered in Charlotte, First Citizens Middle Market Banking is now... Read Story

Nicole Cangelosi was named Senior Vice President, Head of Retail Finance Group Underwriting and Origination, at Bank of America Business Capital, based in New York City.  Cangelosi is responsible for a team of underwriters and analysts dedicated to... Read Story

CIT Bank, the national online bank, has been ranked as No. 1 in the nation for humanizing the customer experience in an independent survey conducted by American Banker in partnership with Monigle, a brand experience agency. The survey, which covered... Read Story

WSFS Financial Corporation, the parent company of WSFS Bank, announced Kevin McKeown as Senior Vice President, Director of Healthcare Banking, reporting to Jim Wechsler, Senior Vice President, Chief Operating Officer, Commercial Banking. McKeown will... Read Story

Atlantic Union Bank has named Sherry Williams as its new Chief Risk Officer. Williams will be responsible for the company’s enterprise and regulatory risk management functions that serve to safeguard its customers, investors, reputation and... Read Story

Genesis Bank launched Genesis Bank Exchange, the Bank’s 1031 exchange division. Genesis Bank Exchange will serve as a Qualified Intermediary to facilitate Section 1031 exchanges of like-kind investment and business real property, will hold client... Read Story

Regions Bank on Thursday announced Ryan Sladek has joined the company’s Institutional Services division and will lead a team of strategists to deliver customized investment services for corporations, businesses, nonprofits, municipalities, and... Read Story

Provident Bank announced that Ravi Vakacherla has joined the organization as Executive Vice President, Chief Digital and Innovation Officer. This position redefines the Chief Information Officer role and underscores the company’s commitment to... Read Story

Dechert LLP advised Huntingdon Valley Bank (HVB) in connection with a master participation arrangement to sell participations in commercial loans to the MakerDAO PROTOCOL, believed to be the first commercial loan participation between a U.S.... Read Story

Trustmark National Bank, a wholly owned subsidiary of Trustmark Corporation, announced the introduction of a new line of business, Equipment Finance, in its Specialty Banking division that is based in Atlanta, GA.“We are pleased to add equipment... Read Story

Citigroup Inc. announced that, as part of its continued efforts to reduce its operations and exposure in Russia, it will wind down its consumer banking and local commercial banking operations in the country. As part of the wind-down, Citi will also...