Pacific Mercantile Bancorp in Costa Mesa, Calif., has reached an agreement to swap about 3 million shares of common stock for all of its outstanding preferred stock and warrants.

Colony Bankcorp in Fitzgerald, Ga., has redeemed about 17% of its Troubled Asset Relief Program preferred shares for about $4.3 million.

Northwest Bancorp. in Spokane has raised $20 million from a private placement of common stock. Northwest plans to use some of the proceeds to complete its acquisition of Fairfield Financial Holdings, which was announced in late June.

Riverview Bancorp in Vancouver, Wash., has reached a truce with the activist investment firm Ancora Advisors.

Suncrest Bank is hoping that its team of experienced executives, combined with organic growth and acquisitions, will help more than double its assets in the next few years.

Stewardship Financial in Midland Park, N.J., has issued $16.6 million in subordinated debt and plans to exit the Small Business Lending Fund program.

Harvard Illinois Bancorp shareholders have approved an agreement to sell the company, a big step toward a plan to wind down operations.

Wells Fargo has emerged as the front-runner to buy General Electric's railcar-financing unit, people with knowledge of the matter said.

Union Federal Savings & Loan Association and First Federal Savings & Loan Association, two mutuals in Kewanee, Ill., have agreed to merge.

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First NBC Bank Holding in New Orleans has agreed to raise its purchase price for State Investors Bancorp and has delayed the targeted completion date.

Premier Financial Bancorp in Huntington, W.Va., has received a $12 million loan from First Guaranty Bancshares in Hammond, La.

PayPal is increasing prices for thousands of small businesses as the company looks to maintain revenue growth and boost profit margins as a stand- alone business separate from EBay

Western Nebraska Bank in Curtis will buy a branch in Paxton, Neb., from Pony Express Community Bank.

First Financial Northwest is moving past its thrift roots three years after a proxy battle ousted its chief executive. Other banks in the same position are still trying to get back on track.

OceanFirst Financial in Toms River, N.J., has agreed to buy a branch office in its hometown from Provident Financial Services.

Toronto-Dominion Bank is open to buying "strategically compelling" financial assets in the U.S. even as it remains focused on internal growth, Chief Financial Officer Colleen Johnston said.

First Financial Bancorp. in Cincinnati has issued $120 million in subordinated debt and plans to use the proceeds for potential stock repurchases and to support growth.

Oak Valley Bancorp in Oakdale, Calif., has agreed to buy Mother Lode Bank in Sonora, Calif.

CIT Group in New York has formed a joint venture with the private equity firm TPG Capital to provide commercial lending.