Chris Cumming

Banking technology firm Temenos has launched a tool designed to help banks integrate new IT systems with existing software.

Pathie McKee, the chief financial officer of ViewPoint Financial (VPFG), will step down on July 31. She will remain as a consultant through yearend, the Plano, Texas, company announced Wednesday.

Virginia Heritage Bank (VGBK) in Tysons Corner raised $22 million in its recent public offering.

The Treasury Department plans to sell its stake in eight more institutions as it seeks to continuing winding down the 5-year-old Troubled Asset Relief Program.

First Merchants (FRME) in Muncie, Ind., has reduced its ties to the Treasury Department's Small Business Lending Fund.

Serial acquirer Grandpoint Capital has agreed to buy Gilmore Bank. Both are in Los Angeles.

First ULB (FUBP) in Oakland, Calif., has agreed to buy Union Financial in Albuquerque, N.M.

Consumers Bancorp (CBKM) in Minerva, Ohio, has completed a $9.7 million rights offering and will seek to raise an additional $300,000 through a public offering of common stock.

Peoples Bancorp in Marietta, Ohio, plans to enter the Cleveland market by acquiring Ohio Commerce Bank in Beachwood.

The former president of the failed Mutual Bank in Harvey, Ill., has been banned from the banking industry by the Federal Deposit Insurance Corp.

Eastern Virginia Bancshares (EVBS) has closed a $5 million rights offering. The offering followed a $45 million private placement announced in March, in which the company sold a 30% stake to institutional investors.

John Kanas is losing his top lieutenant at BankUnited (BKU) in Miami Lakes, Fla. The $12.7 billion-asset company said Tuesday that John Bohlsen has resigned as chief lending officer and vice chairman for personal reasons.

Unity Bancorp (UNTY) in Clinton, N.J., has received approval to buy back its remaining shares issued to the Treasury Department through the Troubled Asset Relief Program.

Bank of Marin Bancorp (BMRC) in Novato, Calif., has agreed to acquire NorCal Community Bancorp (NCLC) in Alameda, Calif.

The companies announced last week an agreement to merge Acacia into Stifel Bank and Trust, the investment bank and brokerage's $3.9 billion-asset bank. The terms were not disclosed.

The president and chief executive of Sierra Vista Bank (SVBA) in Folsom, Calif., has stepped down.

Continuing its string of acquisitions in its home state, Prosperity Bancshares in Houston has agreed to buy FVNB Corp. in Victoria, Texas.

First PacTrust Bancorp in Irvine, Calif., has raised $50.9 million through a common stock offering.

A veteran banking regulator has been promoted to become the commissioner of Georgia’s Department of Banking and Finance.

A former bishop of a Mormon church in Connecticut was sentenced to nearly four years in federal prison for running a fraud scheme that roped in a participant in the Troubled Asset Relief Program.