Naureen Hassan will succeed Tom Naratil in her new role as president and CEO of UBS Americas, following her departure from the New York Fed

Several new hires see the bank offering commercial, institutional, and non-profit banking services across the East Coast region

The acquisition also allows Alerus to significantly expand its existing business segments

After 36 years of service, the OCC’s senior deputy comptroller for supervision risk and analysis is set to retire as a number of membership changes to the executive committee are announced

Plus: New board appointments at Regions, Atlantic Union, Horizon, and First Merchants

What are the practical points and advantages related to being a publicly traded bank rather than a publicly traded bank holding company

The transaction enables the firms to provide a unified set of banking solutions across several markets

Development comes amid intense scrutiny of credit unions’ M&A activity involving banks

Relocations to help capitalize and expand the market reach in promising regions

The bank has also made several changes to its leadership team to support the transformation