Jacob Passy

Firstmark Credit Union and St. Joseph’s Credit Union in San Antonio, Texas, have finalized an agreement for the two to merge.

Sage Bank in Lowell, Mass., has agreed to pay about $1.2 million to settle Justice Department allegations of discrimination against minorities in mortgage lending.

U.K. Banks Pass Stress Tests; Banks Up Benefit

Evans Bancorp in Hamburg, N.Y., has hired John Connerton to become its chief financial officer.

Cloud-based payroll, payments and business analytics platform CloudPay has brought on Brian Radin as its chief revenue officer.

Brazilian Banker Arrested in Petrobras Scandal; Wells Fargo Probed

The Federal Housing Administration's annual financial report demonstrates the outsize influence of reverse mortgages on the performance of its insurance fund, fueling a debate about whether those loans belong there.

People’s United Financial in Bridgeport, Conn., has dismissed three employees in the wake of alleged fraud on commercial real estate loans.

SunTrust Banks in Atlanta has hired Corinne Cuthbertson as a brand, advertising and digital marketing executive.

The $938 million-asset company will incur $400,000 in expenses from shutting down the unit, including $300,000 for contract termination costs and $100,000 for severance and employee benefits.

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.