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Management

Republican Patrick McHenry is expected to lead the House Financial Services Committee as chair
The deal will add approximately $500 million in assets to the Virginia-based company
A downturn could be the best time to pick up a good deal – but few banks are positioned to do so
Plus: New faces at Merchants Mortgage, and First Republic expands wealth management division
Bank to sell 10 sites across three states with the aim of appeasing regulators
Plus: ICBA hires payments policy lead; Wells Fargo and Arvest Bank fill DEI roles
Seven locations will be consolidated over the next six months after 10 were closed last year
Transaction to add 20 Kentucky locations and more than $1 billion in total assets
Plus: Trio of promotions at Synchrony, and new senior appointments at TowneBank, Gateway First, and SouthState
The litigation related to four former staff that departed in the wake of a 2015 acquisition
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