The Bancorp in Wilmington, Del., is looking for a new chief executive. The $4.7 billion-asset company said that Frank Mastrangelo resigned as CEO to become its technologist in residence.

Under Jill Castilla, the once-sleepy Citizens has been transformed into a thoroughly modern institution that has become a model for other small banks trying to stay relevant in an increasingly competitive financial services marketplace. For that reason and more, she is one of American Banker's three community bankers of the year.

Salisbury Bancorp. in Lakeville, Conn., has issued $10 million in subordinated debt and plans to exit the Small Business Lending Fund.

First United Bancorp in Madisonville, Ky., has agreed to buy Town & Country Financial in Beaver Dam, Ky.

Community bank executives are wary about the year ahead. Cybersecurity threats, the real possibility of even tighter margins after the Federal Reserve acts, and compliance woes are among their concerns.

Anchor Bancorp in Lacey, Wash., has named an accountant to its board, to settle a dispute with an activist investor.

Strong financials were an important consideration behind the $1 billion merger, but it often takes more than good numbers to compel Korean-American banks to merge. Hanmi Financial found that out the hard way after its unsolicited bid for BBCN largely fell on deaf ears.

A large investor in 1st Source is planning to sell nearly $37 million of the South Bend, Ind., company’s stock.

The $1.1 billion-asset company said in a press release Thursday that Thomas Vertin will also become its president on Jan. 1.

Southwest Bancorp in Stillwater, Okla., has cut ties with its chief banking officer and promoted three executives.

The best commercial lenders take enough interest in their clients to speak up when they see credit as not serving the long-term success of a company.

The $30.2 million-asset Citizens, in Hartford, Ky., agreed to pay a 1.77% premium for the branch's average daily balance of assumed deposits for the ten days prior to the closing date.

Carolina Financial in Charleston, S.C., plans to raise $30 million in a public offering of its common stock.

Bank of Lancaster in Kilmarnock, Va. has promoted Susan Pittman to the newly created position of chief lending officer.

Patriot National once suffered seven straight years of losses. Again profitable, the company is looking to use capital to buy back leased branches, improve technology and make the first acquisition in its 21-year history.

Several CEOs hitting the magic age of 63 have chosen to sell their institutions, suggesting a dearth of younger executives waiting in the wings.

Bank of the Ozarks in Little Rock, Ark., which has made 15 bank deals since 2010, has raised $110 million in an offering of its common stock.

Cardinal Bankshares in Floyd, Va., has named a new chairman and made additional executive appointments ahead of its merger with Grayson Bankshares in Independence, Va.