Paul Davis

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.

South State in South Carolina has agreed to buy Southeastern Bank Financial in Georgia, which is run by Daniel Blanton, the chairman of the American Bankers Association.

A megabank on the surface might not seem like the right fit for the financing needs of upstart craft breweries, but Bank of America's Brian Mulvaney has cooked up quite a niche business.

Competitive pressure and revenue challenges are creating a need for executives to focus more on strategic planning, and CFOs want a piece of the action. Unfortunately, many CFOs are bogged down with checklists and mundane tasks.

FirstMerit reached out to a foreign bank last fall in an effort to negotiate a sale, but the Ohio company eventually agreed to sell itself to Huntington Bancshares for $3.4 billion.

Farmers & Merchants Bancorp in Lodi, Calif., has agreed to buy Delta National Bancorp in Manteca, Calif.

Trustmark in Jackson, Miss., reduced its workforce by more than 6% by offering early retirement packages.

Wintrust Financial in Rosemont, Ill., is planning to raise about $160 million through a common stock offering.

The $1.7 billion-asset company disclosed in a regulatory filing Monday that it recently agreed to buy a 25% stake in ASC Trust Corp. in Hagatna.

First Federal Bank of Wisconsin in Waukesha has a new chief executive lined up.

Heartway Bancorp. in Wayland, Iowa, has agreed to buy Peoples State Bank in Winfield, Iowa.