Colony Bankcorp Announces Organizational Changes

Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”), the bank holding company for Colony Bank (the “Bank”), today announced senior management organizational changes designed to position the Company for long-term success on its mission to build a sustainable, high-performing independent bank. M. Eddie Hoyle, Executive Vice President and Chief Banking Officer, has informed the Company that he intends to retire on December 31, 2022, following 11 years of service to Colony and 44 years...

INB, N.A. Enters Florida Commercial Banking Market

INB, N.A. announces its strategic partnership and entry into the Florida commercial banking market. INB has partnered with a team of well-known, well-rounded bankers who have extensive experience in multiple business sectors across Florida. INB’s Florida Market CEO Allen Brinkman says, “Long-term relationships were instrumental in our entry into the Florida market. We have several board members located in Florida who are significant shareholders of INB.” INB CEO and President Sarah Phalen says, “Everything just fell into place.  It was an organic and philosophical conversation at...

Aquila broadens global fintech reach through acquisition of Cibar

Aquila today announced the acquisition of Cibar Inc. (“Cibar”), best-in-class banking software solution for the international trade finance industry. Founded in 1969 and headquartered in Colorado Springs, USA, Cibar has been a pioneer and specialized provider of trade finance applications with modules extending across Imports/Exports, Standby Letter of Credit, Guarantees, Cash Letters, Wire Transfers and more. Through its marquee products “GTSnet” trade finance system, “ICCnet” customer portal and “CASHnet” cash letter system, Cibar provides one...

Dave Appoints Chien-Liang Chou as New Chief Technology Officer

Dave Inc. (NASDAQ: DAVE, DAVEW), a banking app on a mission to build products that level the financial playing field, today announced that Chien-Liang Chou has been named Chief Technology Officer, effective immediately. Mr. Chou previously served as Executive Vice President of Engineering at Dave, a position he held since 2020. In this role, he led the engineering, data infrastructure, security and information technology teams, spearheading various data initiatives resulting in greater efficiencies and a better member experience. He...

Fortis Appoints Mark Olson as Chief Financial Officer

Fortis, a high-growth commercial bank serving small- to medium-sized privately held businesses in Colorado and Utah, today announced the appointment of Mark Olson to the position of Chief Financial Officer, effective immediately. Mr. Olson brings over 30 years of experience in banking, having served most recently as the Chief Financial Officer of Altabank (NASDAQ: ALTA) in American Fork, UT prior to its sale to Glacier Bancorp in late 2021. “I have had the pleasure of knowing Mark over the years and am thrilled...

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