Jacob Passy

Avidbank Holdings in Palo Alto, Calif., has raised $12 million through a private placement of debt.

County Bancorp in Manitowoc, Wis., has selected former Kimberly-Clark executive Kathi Seifert to be a director.

Square is expanding its payroll offering to Florida.

TotalBank in Miami has terminated 58 employees in operating and commercial job functions, after it upgraded its technology.

First South Bancorp in Washington, N.C., will close three branches as part of a larger branch-restructuring plan.

Apple Pay has gone Down Under, reaching its fourth country since its 2014 launch in the U.S.

Private-equity investors in Opus Bank in Irvine, Calif., are cashing in some of their chips.

Farmers Capital Bank in Frankfort, Ky., has hired a business lawyer as chief operating officer.

Apple Pay has come to its third market, Canada, following a 2014 debut in the U.S. and a mid-2015 expansion to the U.K.

City Holding in Charleston, W.Va., will be looking to name a new chairman, after Philip McLaughlin said he will resign at the end of the year.