Joseph Kellard

The combined institution will now serve more than 16,000 members with $142 million in assets.

First Colebrook Bancorp in Colebrook, N.H., has raised $5 million to exit the Small Business Lending Fund.

A PrivateBancorp investor is urging other shareholders to reject the Chicago company's proposed sale to CIBC in Toronto.

Needham Bank in Massachusetts has hired a banking veteran as its next chief executive.

TriCo Bancshares in Chico, Calif., has hired a Wintrust Financial executive as its chief operating officer.

Horizon Bancorp in Michigan City, Ind., has restructured its balance sheet to improve its margins and financial returns.

CHROME Federal Credit Union in Washington, Pa., has selected SmartCore by NYMBUS as its new core banking platform to help reach a financial milestone.

CIT Group in Livingston, N.J., has promoted Steve Solk to president of consumer banking in California.

Credit Union of Texas in Dallas has selected three new systems to more efficiently extract, integrate and harness data.

Heritage Oaks Bancorp in Paso Robles, Calif., has been freed from a consent order tied to Bank Secrecy Act and anti-money-laundering compliance.

Opus Bank in Irvine, Calif., has hired a veteran risk manager to structure senior debt for commercial and specialty banking.

Glen Burnie Bancorp in Maryland has announced an executive departure for the second time in three months.

The credit union is celebrating its 65th anniversary this year, and has returned more than $66 million to members as bonus dividends over the past 12 years.

EverBank Financial's biggest investor is cashing out ahead of the Jacksonville, Fla., company's sale to TIAA.

Trina Hoff, EVP at Duluth, Minn.-based Northern Communities CU, has been announced as the next CEO at the $72 million-asset credit union, succeeding Larry Champeaux, who is set to retire on Dec. 2.

The largest shareholder at HopFed Bancorp in Hopkinsville, Ky., is calling on the company's president and chief executive to resign.

Two Midwest community banks plan to close a total of 11 branches and record charges to pay for the shutdowns.

Citizens Building and Loan in Greer, S.C., will have a new president and chief executive next year.

James Cope, a former Pinnacle Financial Partners director who pleaded guilty to insider trading in October, was supposed to pay a $55,000 fine as part of a plea deal. But the judge hearing the case contends he should pay more.

The longtime CEO of Oconee Federal Financial in Seneca, S.C., is handing the reins to his son. Curtis T. Evatt, Oconee's president and chief financial officer, will succeed T. Rhett Evatt as CEO of the $484 million-asset holding company and Oconee Federal Savings and Loan Association on Jan. 1.