Paul Davis

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.

Bank of Montreal has agreed to buy Greene Holcomb Fisher, a boutique advisory firm in Minneapolis.

First Bancorp in San Juan, Puerto Rico, has sold an insurance agency.

The regional bank has extensively studied the viability of such platforms, but has been unable to develop a plan to fits its risk appetite.

Financial Institutions in Warsaw, N.Y., said it had secured enough votes to prevail in a fight with a big shareholder.

Chemung Financial in Elmira, N.Y., is set to form an insurance unit.

Union Bankshares in Richmond, Va., will open a loan production office after hiring a team that worked at NewBridge Bancorp.

Prudential Bancorp in Philadelphia has agreed to buy Polonia Bancorp in Huntingdon Valley, Pa.

Castle Creek Capital Partners has appointed a director to serve on the board at HCSB Financial in Loris, S.C.

Summit Financial Group in Moorefield, W.Va., has agreed to buy First Century Bankshares in Bluefield, W.Va.

Banks announced 41 mergers through May 31, representing a 16% decline from the same period in 2015, according to data from Keefe, Bruyette & Woods and S&P Global Market Intelligence.

Civista Bancshares in Sandusky, Ohio, will record a gain of roughly $1.5 million in the second quarter after a nonperforming loan was fully repaid.

First South Bancorp survived a close vote on a shareholder proposal to "immediately" take steps to sell the Washington, N.C., company.

Institutional and private-equity investors are more demanding of regular face time with decision makers like CFOs, who better be prepared to answer questions not just about balance sheets and income statements, but also underwriting standards, loan concentrations and accounting methods.

Carver Bancorp in New York has entered into a formal agreement with the Office of the Comptroller of the Currency that includes mandates tied to the Bank Secrecy Act and commercial real estate.

The $2.5 billion-asset company disclosed in a regulatory filing Friday that Martyn Pell, president of its First Community Bank, had resigned, effective immediately.