Joseph Kellard

Bank of Southern California in San Diego has agreed to sell $7 million of its common stock to the asset management firm Castle Creek Capital.

First Merchants Corp. in Muncie, Ind., has agreed to buy a minority stake in Independent Alliance Banks in Fort Wayne, Ind.

Triumph Bancorp in Dallas plans to issue $50 million in subordinated debt and said proceeds from the offering may be used for acquisitions.

Seven other CUs reportedly in talks with EPL.

The $2.2 billion-asset company disclosed in a regulatory filing that it redeemed $12.2 million, the remaining half of its SBLF shares, on Sept. 22 at a liquidation value of $1,000 each for $12.4 million.

Brookline Bancorp in Boston said James McCarthy will succeed Russell Cole next month as president and CEO of First Ipswich Bank.

First Bancorp in Southern Pines, N.C., has terminated loss-share agreements tied to a pair of failed-bank acquisitions.

The $8.3 billion-asset CVB said Thursday that it would pay $57.5 million in cash and stock for the $416 million-asset parent of Valley Business Bank.

Lisa McDougald, the deputy general counsel at the $222 billion-asset BB&T in Winston-Salem, N.C., and Leon Holschbach, chief executive at Midland States Bancorp, a $3 billion-asset company in Effingham, Ill., were appointed to the board this summer.

Home BancShares co-founder and Chairman John Allison is shrinking his ownership stake in the Conway, Ark., company for estate-planning purposes.