Kristin Broughton

People's United Bank in Bridgeport, Conn., expects to raise $400 million through an offering of subordinated debt.

LoopPay now offers an iPhone charging case that doubles as a mobile wallet.

Opus Bank (OPB) in Irvine, Calif., has launched a small-business banking division.

Umpqua Holdings (UMPQ) in Portland, Ore., will close 27 branches by the end of this year as part of its integration of Sterling Financial in Spokane, Wash.

First Community Bank in Lexington, S.C., has agreed to acquire First South Bank's deposits in Columbia and some loans for approximately $800,000.

Open Bank (OPBK) in Los Angeles has raised $30 million in a private offering of common stock.

Spindle, a mobile commerce provider in Scottsdale, Ariz., has integrated its payment aggregation services with RisePay's merchant platform.

American Express has hired Laureen Seeger as its new general counsel.

American Express has hired Laureen Seeger as its new general counsel.

The bank's Sapphire Preferred card is sponsoring the James Beard Foundation's 10-city dining tour in further pursuit of big-spending foodies.

Bango, a payment technology company in the U.K., has released its direct operator billing system to some digital merchants.

Chesapeake Bank & Trust in Chestertown, Md., has begun searching for a new chief executive.

Union Savings Bank in Ridgefield, Conn., kept sponsoring its local symphony even during the recession when a lot of businesses cut back on giving to the arts.

Melissa Bean, a former three-term member of Congress, has been named chair of JPMorgan Chase's (JPM) Midwest business.

Chemical Financial (CHFC) in Midland, Mich., expects to raise $70 million through the sale of common stock.

Nearly one third of retirement plan participants have borrowed against their savings, according to a survey released Wednesday by TIAA-CREF.

ViewPoint Financial Group in Plano, Texas, has pushed back the expected closing date for its purchase of LegacyTexas Group, citing a lengthy regulatory approval process.

Dwolla, an alternative payments provider, has launched a service that allows customers to send money to a business without having to enter bank account information.

Global Payments, an Atlanta-based payment processor, has signed a deal with Bigcommerce, an e-commerce software firm, to provide its merchants with online shopping sites.

Alfred DelliBovi, the former chief executive of Federal Home Loan Bank of New York, will join the board of Flushing Financial Corporation (FFIC) in Lake Success, N.Y.