Tanaya Macheel

U.S. Bank has promoted Jeffrey W. Jones to president of its corporate payment systems group after he spent nearly 15 years as head of global treasury management.

Codorus Valley Bancorp in York, Pa., has hired Dwight Utz as its chief operating officer. Utz succeeded Mike Allen, who resigned in March and is now executive-in-residence of The Graham Center for Entrepreneurial Leadership Studies at Penn State University.

Circle Internet Financial, the Bitcoin services company and wallet provider, has become the first company to receive a BitLicense from the New York State Department of Financial Services.

New York's regulation of Bitcoin businesses is "still not perfect," a Circle Internet Financial executive says, but it didn't want to pull its services from the state as some have.

Atlantic Capital Bancshares in Atlanta plans to issue $50 million in subordinated debt to finance its acquisition of First Security Group in Tennessee.

U.S. Bank has promoted Jeffrey W. Jones to president of its corporate payment systems group after he spent nearly 15 years as head of global treasury management.

BB&T will close a loan-processing center in Hagerstown, Md., which it obtained from its acquisition of Susquehanna Bancshares.

Studies are showing that companies predominantly led by women perform better than those led by men; worldwide trends are showing a continuing uptick in the number of women on boards, but they still account for less than 20% of directors.

The Bank of New Mexico said that its chairman and chief executive will switch roles at the beginning of next year.

Codorus Valley Bancorp in York, Pa., has Brian Brunner to the board of its PeoplesBank. Brunner is the division president of account and item processing sales within Fiserv's global sales organization.