Paul Davis

North Shore Bank in Brookfield, Wis., has agreed to buy Layton Park Financial Group in West Allis, Wis.

Banc of California in Irvine has changed its bylaws to allow for majority voting for directors.

The $685 million-asset Pinnacle Financial in Elberton, Ga., said in a press release Friday that it will pay $32.8 million in cash for the $184 million-asset Independence Bank of Georgia in Braselton.

MVB Financial in Fairmont, W.Va., has sold most of its insurance business to USI Insurance Services in Valhalla, N.Y.

The $5.5 billion-asset company said in a press release Wednesday that Vincent Palagiano, who has been its chief executive since 1989, will retire at the end of this year. Kenneth Mahon, Dime's president and chief operating officer, will succeed Palagiano, who will remain chairman.

Canadian Imperial Bank of Commerce in Toronto has agreed to buy PrivateBancorp in Chicago for $3.8 billion, finally giving the Canadian bank a meaningful retail presence in the United States.

First Midwest Bancorp in Itasca, Ill., has agreed to buy Standard Bancshares in Hickory Hills, Ill.

Dollar Bank in Pittsburgh has agreed to buy Bank @lantec in Virginia Beach.

A trio of banks will buy more than $1.4 billion in franchise loans from GE Capital.

Berkshire Hills Bancorp in Pittsfield, Mass., has agreed to buy First Choice Bank in Lawrenceville, N.J.

People's United Financial in Bridgeport, Conn., has agreed to buy Suffolk Bancorp in Riverhead, N.Y.

Old National Bancorp in Evansville, Ind., has negotiated an exit from its loss-share agreements with the Federal Deposit Insurance Corp.

The $3 billion-asset First United did not disclose how much it will pay for the $2.3 billion-asset American Bank. The deal is expected to close later this year.

The $380 million-asset company disclosed in a regulatory filing Wednesday that it had appointed Lawrence Seidman to its board, effective July 1.

Southern Banc in Gadsden, Ala., said it could report a loss for its fiscal year after recording a charge tied to a bad loan.

First Mid-Illinois signed a confidentiality agreement last fall to pursue a mystery bank in Illinois. It soon discovered that the bank — First Clover Leaf — was an institution it had heavily courted three years earlier.

Two directors have resigned at 1st Constitution Bancorp as part of a dispute over changes to the Cranbury, N.J., company's board structure.

Pacific Continental in Eugene, Ore., is planning to issue $35 million in subordinated debt that could help it fund future acquisitions.

Umpqua Holdings in Portland, Ore., will have a new chief executive in 2017. The company said Monday that Ray Davis, 67, will step down as president and CEO, effective Jan. 1. Davis, who will become executive chairman, will be succeeded by Cort O'Haver, who was named president of Umpqua Bank in April.

Citizens Community Bancorp in Eau Claire, Wis., has hired an investment bank to help it explore strategic options.