MVB Financial (MVBF) in Fairmont, W.Va., has raised more than $37 million by issuing subordinated debt and selling preferred stock.

Sun Bancorp (SNBC) in Mount Laurel, N.J., has provided more details on its sweeping restructuring initiative.

First Midwest Bancorp (FMBI) in Itasca, Ill., has agreed to buy Great Lakes Financial Resources (GLFL) in Chicago.

Community Bank of Bergen County (CMTB) in Maywood, N.J., has started an online mortgage center.

American Bank in Fond du Lac, Wis., has agreed to buy InvestorsBank in Waukesha, Wis. American Bank, a unit of NEB Corp., will have more than $450 million in assets when the merger is completed.

Idaho Independent Bank (IIBK) in Boise will offer medical savings accounts to American Health Value customers.

Steele Street Bank & Trust decided to find a buyer when CEO Bob Malone realized the bank lacked the size to adequately court business in the Mile High City.

Banc of California (BANC) in Irvine says it booked more than $1.4 billion in loans during the second quarter.

Many small banks lack the resources to make necessary investments in cybersecurity. One solution could be to institute regional centers that would allow banks to pool resources, train staff and investigate potential breaches.

GNB Financial Services in Gratz, Pa., has agreed to buy FNBM Financial in Minersville, Pa.

MainStreet Bank (MNSB) in Fairfax, Va., reported higher profits on double-digit loan and deposit growth in the second quarter.

Plaza Bank (PZBW) in Seattle has raised $4.2 million through a stock offering. The $79 million-asset bank said in a press release Thursday that unnamed individual investors participated in the offering.

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Investar Holding (ISTR) in Baton Rouge, La., raised more than $40 million from its initial public offering.

TFS Financial announced dividend plans recently that have many wondering whether it is headed toward a second-step conversion in the near future. The speculation makes sense, but the Cleveland company would face some obstacles.

UMB Financial (UMBF) in Kansas City, Mo., will settle a dispute over an asset purchase agreement.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Savings Bank of Danbury and Greylock Federal Credit Union are working with Fiserv and the University of Connecticut to examine how Millennials interface with mobile banking.

MBT Financial (MBTF) in Monroe, Mich., has been freed from a consent order under which it had been operating for the last four years.

Sun Bancorp (SNBC) in Mount Laurel, N.J., will eliminate nearly 40% of its work force as part of a major cost-cutting effort.