In this week's banking news roundup: BMO hired former CEO of Citi Private Bank Halé Behzadi to accelerate the bank's growth strategy in California; Pennsylvania's Linkbancorp received regulatory approval to sell its New Jersey operations to a credit union; Dream First Bank announced plans to gain branches throughout Oklahoma; and more.

BMO hires ex-Citi executive to oversee California market
Behzadi, who departed Citi in June after a 22-year career at the megabank, is now BMO Bank's vice chair of California, a newly created role focused on growing brand awareness, deepening client relationships and expanding market share across the Golden State, BMO said in a press release. Behzadi is based in Los Angeles and reports to Darrel Hackett, BMO's U.S. CEO.
The announcement of Behzadi's hiring comes one week after

Linkbancorp’s sale to a credit union gets regulatory go-ahead
The deal with Philadelphia-based American Heritage Financial Credit Union, which was
The transaction involves the sale of three Linkbancorp branches in New Jersey as well as the associated loans, deposits and fixed assets that Linkbancorp acquired when it
Post-sale, Linkbancorp will operate branches in Pennsylvania, Delaware, Maryland and Virginia. It has 26 branches in those four states, according to the Federal Deposit Insurance Corp. —Allissa Kline

Dream First Bank to expand in Oklahoma with acquisition
"By joining forces, we can deliver greater value to our customers, invest in our communities, and build a more sustainable future for our employees," Taylor Horst, CEO of BancCentral, said in the release.
In 2023, Dream First

Triumph Financial in Dallas names three division presidents
The moves were made to "strengthen its organizational structure and position the company for long-term growth and innovation in the transportation and financial services industry," the $5.9 billion-asset Triumph said in a press release.
Kim Fisk was named president of the bank's factoring division. She joined Triumph in 2012 and has served in key leadership roles within the factoring segment's credit, underwriting and operations. Fisk succeeded Tim Valdez, who became chairman of the factoring unit.
Todd Ritterbusch, president of Triumph's bank unit, expanded his role to president of payments and banking. David Vielehr, who was a senior vice president of Triumph's digital banking platform for the trucking industry, was named president of LoadPay. —Jim Dobbs

Associated Banc-Corp hires commercial bankers from U.S. Bank
Alexander Burke, Matt Flynn and Mitchell Hind joined Associated's commercial banking team in Kansas City, Missouri, on March 21, the $43 billion-asset company said in a press release.
Flynn is a business segment and region leader, while Burke is the Kansas City market leader. Hind joins the company as a relationship manager.
Flynn reports to Phillip Trier, head of corporate and commercial banking. Burke and Hind report to Flynn.
Associated launched an initiative to

Utah Governor signs earned wage access bill
The bill's ratification follows an

City National hires Fifth Third executive to lead commercial banking
Yurosek joins Los Angeles' largest bank from Fifth Third Bank, where he was regional president for Western markets, overseeing middle market expansion in California and Texas.
"In his new role, Yurosek will lead the line of business that drives commercial & corporate banking, specialty banking, capital markets, commercial real estate, consumer and commercial products, credit products and middle market banking for the bank," City National said Monday. —Mary de Wet

Texas’ Lakeside Bank taps new president and CEO
Williams was a founding member of BTH Bank in Dallas, which merged in 2022 with Origin Bank. He most recently served as regional executive vice president at Origin, Lakeside said in a press release on Monday.
The bank said Williams will focus on enhancing efficiency; expanding banking products to elevate client service; and advancing technology to optimize operations and enhance the customer experience.
Williams succeeds Ana Rodriguez. —Mary de Wet

Stearns Bank splits president, CEO roles
Plumski will report to Kelly Skalicky, who will remain as CEO, the
It's the latest move for the bank, which has bolstered its leadership with new hires over the past six months and
Plumski's new duties include overseeing day-to-day operations, driving Stearns' national strategic plan and championing product innovation. Skalicky will focus on driving the bank's strategic priorities and revenues, while continuing to increase employee ownership and engagement and maximize company value. She will remain as a member of the board.
Plumski will be the first president of Stearns after more than 60 years of Skalicky and her father in that role, Skalicky said. —Mary de Wet

IncredibleBank taps Alloy for identity verification
"Before Alloy, our account-opening platform leveraged a single data source and was completely manual," said Phil Suckow, vice president of innovation at IncredibleBank. "Our application volume varied month-to-month, from a few hundred to a few thousand applications, requiring significant back-end resources during spikes. Now, everything is instant."
Alloy helped reduce application review time by 88% and manual reviews by 90%, according to IncredibleBank. This helped reallocate a full-time employee from application reviews to sales-focused tasks, according to the bank.
Other companies that provide end-to-end digital identity verification include Onfido, Socure, Persona and Sumsub. —Carter Pape

The Savings Bank creates small-business unit
It's the first strategic move announced by the Wakefield, Massachusetts, bank since it
The new team aims to develop personalized banking and lending strategies for each business, TSB said in a press release.
Rossetti joined TSB in 2021 and has experience in commercial deposit products and services, as well as small-business lending, the bank said.
In February,

Hancock Whitney gets regulator OK on acquisition
The deal is slated to close on May 2 and be immediately accretive to earnings through fee income growth, Hancock Whitney said in a release. St. Petersburg, Florida-based Sabal has about $3 billion in assets under management, and four locations in the Tampa and Orlando metropolitan areas.
"This transaction is an excellent strategic opportunity to expand our wealth and asset management group within the high-growth Florida market and to add a strong team to our wealth and asset management business," said John Hairston, president and CEO of the $35 billion-asset bank, in a prepared statement.
Financial terms of the deal, which was first announced in January, weren't disclosed. —Catherine Leffert

Miami-based bank taps two new executives
Michael MacIntyre joined the bank as chief banking officer, responsible for real estate banking, commercial banking and personal banking. MacIntyre has worked in a number of roles focused on growing U.S. market share for international banks, most recently at City National Bank, the American subsidiary of Royal Bank of Canada. He also spent 18 years at HSBC, including as U.S. head of business banking.
City National Bank of Florida tapped Christian Sundblad as chief wholesale and international banking executive, and he will oversee corporate banking, specialty finance and capital markets. Sundblad spent the last 19 years at Citibank, and has held international finance positions in Argentina, Chile and Mexico. — Catherine Leffert

UC Berkeley hires three Biden administration officials
The three senior fellows are Seth Frotman, former general counsel and senior advisor at the Consumer Financial Protection Bureau; Sam Levine, former director of the Federal Trade Commission's Bureau of Consumer Protection; and Doha Mekki, former acting assistant attorney general at the Department of Justice's Antitrust division. —Kate Berry