Tanaya Macheel

Oak Valley Bancorp in Oakdale, Calif., has promoted Jeff Gall to chief financial officer. Gall had been the vice president of finance and accounting.

Banks have made changes to overdrafts, such as lowering fees offering clearer explanations. They better, as the CFPB will soon offer new rules for overdrafts. Plus, overdraft revenue has declined at many banks. Still unanswered is the question of how to offer short-term credit, if overdrafts disappear.

Customers Bancorp in Wyomissing, Pa., plans to raise $30 million in an aggregate offering of its common stock.

BB&T Corp. in Winston-Salem, N.C., has received approval from the Federal Reserve Board to buy National Penn Bancshares in Allentown, Pa.

California Republic Bancorp in Irvine has securitized $380 million of its prime auto loans.

Northwest Bancorp. in Spokane, Wash., has announced that Chief Executive Randall Fewel will retire at the end of the year.

Citi adds two more female directors, including Ellen Costello; social media allows small banks to connect with people who aren't coming into the branch, says one of our community bankers of the year (and if you're on Twitter, you probably already know who), and Mary Wisniewski asks, how can fintech hope to disrupt banking when it's no different than banking? (Hard not to notice the sexism and the dearth of women when you are one.)

Digital Asset Holdings is reportedly seeking a $35 million funding round that would put the blockchain technology startup’s valuation at $100 million.

Citigroup has appointed Ellen Costello, former BMO Financial chief executive, and Intel President Renee James to its board.

Investors Bancorp in Short Hills, N.J., has hired a former Capital One Financial executive to head its enterprise risk management team.