Colony Bankcorp in Fitzgerald, Ga., has redeemed about 17% of its Troubled Asset Relief Program preferred shares for about $4.3 million.
Prudential Savings Bank in Philadelphia has hired Douglas Smith to be its chief lending officer. Smith most recently served as chief credit officer at Noah Bank in Elkins Park, Pa.
Northwest Bancorp. in Spokane has raised $20 million from a private placement of common stock. Northwest plans to use some of the proceeds to complete its acquisition of Fairfield Financial Holdings, which was announced in late June.
Riverview Bancorp in Vancouver, Wash., has reached a truce with the activist investment firm Ancora Advisors.
The National Association of Federal Credit Unions is calling for stricter regulation of marketplace lending.
K2 Intelligence, a cybersecurity consulting firm, has hired a former FBI cryptocurrency expert and a former regulator who worked on New York's digital currency regulations.
Bill Cooper is set to retire as chief executive of TCF Financial in Wayzata, Minn., at the end of this year.
Key Private Bank has named David Reynolds as its market sales leader for Cleveland.
Stewardship Financial in Midland Park, N.J., has issued $16.6 million in subordinated debt and plans to exit the Small Business Lending Fund program.
Regions Financial in Birmingham, Ala., has named Kate Randall Danella as executive in charge of several wealth management functions.
Sunshine Financial in Tallahassee, Fla., will restate earnings for the first and second quarters after it discovered an accounting error.
Bank of America has settled a national class-action lawsuit brought by former employees who claimed they weren't paid for overtime work.
First Banks in St. Louis has promoted an executive to chief operating officer and has made two additional promotions.
Harvard Illinois Bancorp shareholders have approved an agreement to sell the company, a big step toward a plan to wind down operations.