Chris Cumming

BancorpSouth (BXS) in Tupelo, Miss., will take a $10.9 million charge for an early-retirement program meant to cut costs in the long term — and an additional charge is possible.

The $76 million-asset lender raised the sum from local investors. It began the effort in October and finished at the end of May, its financial advisor, Community Capital Advisors, announced on Monday.

The financial software company Misys has introduced a new system to aid banks in managing risk.

Nomura Securities has begun using a mobile application for asset managers from Nomura Research Institute.

AmericanWest Bank in Spokane, Wash., has agreed to buy eight southern California branches from First PacTrust Bancorp in Irvine, Calif.

The Federal Reserve Board hit Naugatuck Valley with a memorandum of understanding on May 21, the $526 million-asset company said late Friday.

BBVA Compass is ramping up efforts along the East Coast with plans to open loan-production offices in New York and Washington.

Oxford Bank in Michigan has terminated its planned sale to Level One Bancorp due to regulatory delays and an improvement in Oxford's financial condition.

Clarkston Financial in Michigan has implemented a 10-for-1 reverse stock split.

The T. Rowe Price Group has agreed to sell its banking unit to the investor Jacob Safra.

The Federal Reserve Board has taken action against two banks and terminated orders with four others, and the Federal Deposit Insurance Corp has freed Synovus Financial from an order.

The Federal Reserve Board has terminated an enforcement action with CIT Group.

Hugh McColl, who made his name in banking by building one of the nation's largest financial institutions in Bank of America, is lending his heft to an academic program that should benefit community bank.

ViewPoint Bank in Plano, Texas, has hired Chris Parada to lead its newly formed energy-finance division, which will provide senior debt financing to oil and gas companies throughout the country

Carlyle Group plans to sell roughly $40 million of common stock in Boston Private Financial Holdings.

The $385 million-asset credit union has begun using FMSI's Teller Management System, the Atlanta-based technology company said Wednesday.

Small-business owners are generally satisfied with their access to funding and about one in five plans to apply for a loan in 2013, according to a new survey from Bank of America (BAC).

Norcross was appointed to the Jacksonville, Fla., company's board on Wednesday. He became president of FIS last year, and has held a range of positions in his 25 years with the company.

Skowhegan Savings has agreed to buy five branches from fellow Maine lender Camden National Corporation.

The Treasury Department has proposed a rule designed to seal off the U.S. financial system from Liberty Reserve, the digital currency issuer authorities charged Tuesday with laundering more than $6 billion for criminal groups.