PacWest Bancorp, the parent of Pacific Western Bank in Los Angeles, reported earnings of $85.1 million in the second quarter, up 16% from the prior quarter.

Peoples Bancorp in Ohio wants to encourage cross-selling but limits the use of employee incentive payments to make it happen. Instead, Peoples is trying to build a corporate culture in which employees understand all of its products and want to help their colleagues sell them.

BancFirst in Oklahoma City has agreed to buy CSB Bancshares in Yukon, Okla.

BCB Bancorp has sold $2.4 million of preferred stock in a private placement.

Citigroup has agreed to sell its retail and commercial banking businesses in Panama and Costa Rica to Canada's Scotiabank.

Banks better get ready for a quick, steep increase in deposit costs after the Fed raises rates. Technology, new regulations and other factors have changed the slower-paced retail-banking game of old, JPMorgan Chase executives say.

Signature Bank in New York has partnered with Financial Software Solutions to expand the products and services that it offers bankruptcy trustees.

Regions Financial in Birmingham, Ala., said in a press release that it had absorbed Ronald F. Holehouse Agency and its team of agents. Regions did not disclose how much it paid for the insurance agency’s client accounts.

A breakdown of M&A announcements in the financial services industry for the week ended July 11

Prairie Community Bank in Marengo, Ill., has raised $2.48 million in a private placement of its preferred stock.

Sunshine Financial in Tallahassee, Fla., has asked for permission to switch to a state bank charter from a federal thrift charter.

Signature Bank in New York has formed a subsidiary to specialize in municipal finance and hired three executives for the division.

Piper Jaffray has agreed to buy River Branch Holdings, a Chicago investment bank that focuses on financial institutions.

Colorado state regulators on Friday closed the $31.7 million-asset Premier Bank in Denver.

Capital One Financial has purchased another digital design studio as it works to deepen its reach in Silicon Valley.

Bank of Stockton in California has agreed to acquire three California branches of from First Banks in Clayton, Mo, according to The Record in Stockton.

BB&T's top executives are set to get up to $2.6 million in bonuses if the Susquehanna deal goes well. While viewed as a good way to make sure the deal works out well, some analysts note that M&A already contributes to executive compensation when it boosts earnings per share and return metrics.

BankFirst Capital in Columbus, Miss., has agreed to buy Newton County Bancorp. in Newton, Miss.

Deposit premiums could rise at 20% of banks with up to $10 billion in assets. Many of those banks could rethink asset concentrations that would trigger higher assessments.

JPMorgan Chase is looking to lower its overhead by shifting more than 2,100 jobs from New York City to New Jersey.