John Asbury

Founders Federal Credit Union's chief financial officer takes over as president after its board reversed an earlier succession plan involving a longtime executive.

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Blue Ridge Bank CEO Billy Beale retired from the company, effective March 6, the Virginia-based lender announced Thursday. Chief Credit Officer Harry Golliday will become interim CEO and president of the bank’s holding company, and interim CEO of the bank, according to a release. https://lnkd.in/e2UY6y7r

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Del-One Federal Credit Union secured final approval for its acquisition of Louviers FCU, paving the way for Del-One to have $900 million deposits in #Delaware. #DelOne #Louviers #FCU #NetDE https://lnkd.in/egKkyqWd

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Alabama ONE Credit Union Acquires Peoples Independent Bank "TUSCALOOSA, AL — Alabama ONE Credit Union announced Wednesday it has signed a purchase and assumption agreement to acquire substantially all assets and liabilities of Peoples Independent Bank, a northeast Alabama community bank headquartered in Boaz." https://lnkd.in/e5trRdJt

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PACB - Pennsylvania Association of Community Bankers President and CEO Kevin Shivers responds to Governor Shapiro's 2026-27 budget address, calling for action to empower banks to help consumers keep their funds safe from fraud. https://lnkd.in/eePpz2fv

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#SBA 7(a) update that matters for operators interested in acquiring a competitor: The SBA has removed the “same geographic area” test for business expansions. Now, if your current company and the target acquisition share identical ownership and the same NAICS code, the deal qualifies as a business expansion. What this unlocks: ✅ Up to 100% SBA financing ✅ No equity injection required ✅ A clear path to acquire competitors while preserving cash If you’re an owner looking to roll up a competitor, this change makes it far easier to move quickly while preserving liquidity. #LoanBud #smallbusiness #expansion

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PNC Wealth Management plans to recruit 300 to 500 advisors and update 200 branches with the goal of working with more emerging earners.

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