Jacob Passy

Amboy Bancorp in Amboy, Ill., has agreed to buy Franklin Grove Bank in Franklin Grove, Ill.

New York Community Bancorp in Westbury has finished the balance sheet repositioning it previewed as part of its agreement to buy Astoria Financial in Lake Success, N.Y.

The $1.3 billion-asset company said in a press release that CEO Stephen Wilson will retire at the end of the year.

Samsung plans to expand its Samsung Pay service to more phones in 2016, including its lower-priced models.

First Priority Financial in Malvern, Pa., has redeemed $6 million in preferred stock associated with the Troubled Asset Relief Program.

CalWest Bancorp in Irvine, Calif., has raised $14 million through a private offering to recapitalize and to retire its Troubled Asset Relief Program funds.

F&M Bank in Clarksville, Tenn., has named Tennessee banking veteran Brad Barrett to its board of directors.

Foreign Banks Profit off Rate Hike; Sanders Blasts Fed

Boston Private Financial Holdings has appointed its chief executive, Clayton Deutsch, as CEO of its bank subsidiary, Boston Private Bank & Trust.

Three banks have redeemed shares of preferred stock to make their exits from the Small Business Lending Fund.