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F.N.B. Corporation Promotes Mizerak to Chief Digital Officer

F.N.B. Corporation promoted Scott Mizerak to chief digital officer of its banking subsidiary, First National Bank and its affiliates. In his new role, Mizerak will oversee and direct the future of the bank's digital banking products, services and overall strategy. read more

Blue Ridge Bank Appoints Beale CEO

Blue Ridge Bankshares, the holding company of Blue Ridge Bank and BRB Financial Group, appointed G. William Beale CEO of the bank, effective immediately. Brian K. Plum will continue as president and CEO at the holding company and focus on broader strategy. read more

Air India Chooses GE Aerospace to Power Recent Aircraft Order

Air India, part of Tata Sons, signed a firm order for 40 GEnx-1B and 20 GE9X engines, plus a multi-year TrueChoice engine services agreement. The deal was signed in coordination with the airline’s firm order for 20 Boeing 787 and 10 Boeing 777X aircraft. read more

National Capital Bancorp Changes Leadership

Richard B. (Randy) Anderson Jr. of National Capital Bancorp is set to retire as CEO of its subsidiary, The National Capital Bank of Washington, on Dec. 31. James Olevson, the current president of the bank, will succeed Anderson, effective Jan. 1. read more

Schwartz to Retire from TowneBank

TowneBank’s president and chief operating officer, Brad E. Schwartz, will retire from the company on Dec. 31. read more

b1BANK Names Vascocu Chief Administrative Officer

Business First Bancshares and b1BANK hired Jerome “Jerry” Vascocu Jr. as chief administrative officer. Vascocu will be the first chief administrative officer for the bank. He brings more than 27 years of banking experience. read more

Holt Jr. to Retire as President and CEO of NexBank; Siekielski Named Successor

John L. Holt, Jr. will retire as president and CEO of NexBank Capital, the parent company of NexBank, at the end of this year. Matt Siekielski, who is a director, executive vice president and chief operating officer of the company, will succeed Holt Jr. read more

XPO Logistics’ Board Approves Separation, Declares Distribution of RXO Shares

XPO Logistics’ board of directors approved the separation of its tech-enabled brokered transportation platform through the distribution of all the outstanding shares of common stock of its subsidiary RXO to holders of XPO common stock.  read more

BNSF Railway Invests $1.5B+ to Construct New Rail Facility in Southern California

BNSF Railway will invest more than $1.5 billion to construct a state-of-the-art master-planned rail facility in Southern California with the first being developed by a Class 1 railroad. read more

Medical Equipment Manufacturer Invacare Announces Leadership Changes

Invacare, a manufacturer of medical equipment, named Geoffrey P. Purtill, current senior vice president and general manager in the EMEA and APAC regions, interim president and CEO. The company also appointed Michael J. Merriman Jr. a director and non-executive chairman of the board. read more

TowneBank Chooses Foster III to Succeed Davis as CEO

TowneBank’s board of directors selected William (Billy) I. Foster III to succeed J. Morgan Davis as CEO. Davis will step down as CEO on Dec. 31 and will retire on March 31, 2023, after assisting with the transition process. read more

National Capital Bank Adds Duncan and Biehl to Construction and Commercial Lending Teams

National Capital Bank named Bradley J. Duncan senior vice president and construction lending director and Sean A. Biehl vice president and commercial loan officer. read more

GE Makes Senior Leadership Changes to GE Aviation Team

GE named H. Lawrence Culp Jr. CEO of GE Aviation. John Slattery will now serve as executive vice president and chief commercial officer of the business, while Rahul Ghai will serve as CFO and Russell Stokes will serve as president and CEO of commercial engines and services.  read more

F.N.B. to Acquire UB Bancorp, Union Bank

F.N.B. Corporation and UB Bancorp signed a definitive merger agreement for FNB to acquire UB Bancorp, including its wholly-owned banking subsidiary, Union Bank. read more

United Community Banks Merges with Reliant Bancorp, Transaction Valued at $517MM

United Community Banks and Reliant Bancorp executed a definitive merger agreement pursuant to which United will acquire Reliant and its wholly-owned subsidiary, Reliant Bank, in an all-stock transaction with an aggregate value of approximately $517 million. read more

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