Citigroup is preparing to sell Prime Reinsurance Co., a subsidiary created five years ago to ease the spinoff of life insurer Primerica, according to people familiar with the process.

CenterState Bank used April Fools' Day to unveil a fake #GreedTogether campaign that mocks Starbucks, McDonald's and the banking industry, promising ridiculous cash-back rewards and clothing printed with pictures of cash.

Carolina Bank Holdings in Greensboro, N.C., has raised $15.1 million through a private placement of convertible preferred stock.

CommunityOne Bancorp in Charlotte, N.C., has agreed to buy a branch in Lenoir, N.C., from CertusBank.

Delmarva, the parent of the $192 million-asset 1880 Bank, will pay $8 million in cash for the $133 million-asset Easton.

Atlantic Coast Financial in Jacksonville, Fla., has been released from an enforcement action that required it to improve its capital ratios.

The $317 million-asset State Bank said in a press release Tuesday that it will sell the Yuma, Ariz., branch — along with $17 million in deposits and $18 million in loans — for roughly $750,000.

Bank of Montreal can double its U.S. customer base without further acquisitions by its Chicago-based BMO Harris Bank unit, Chief Executive Officer William Downe said.

Sun Bancorp in Mount Laurel, N.J., has decided to sell another branch and consolidate nine others as part of the ongoing streamlining of its retail network.

Summit Financial in Moorefield, W.Va., has filed to raise $15 million over time.

Guaranty Bancorp in Denver is registering shares so that a number of large investors can sell stock over time.

CommunityOne Bancorp in Charlotte, N.C., is registering shares to make it easier for investors to sell stock over time.

Wilshire Bancorp in Los Angeles has opened its first branch in Georgia.

CertusHoldings in Greenville, S.C., is planning to exit North Carolina.

D+H in Toronto has agreed to buy the global payments solutions firm Fundtech.

Univest Corp. of Pennsylvania in Souderton has issued $50 million in subordinated debt.

The $20 billion-asset Wintrust will pay $17 million in cash for the $108 million-asset North Bank, which serves Chicago's River North and Streeterville neighborhoods.

Banc of California in Irvine has begun two securities offerings, one of which aims to raise $175 million.

A breakdown of M&A announcements in the financial services industry for the week ended March 28.

Pricing in Florida might be ticking higher as the state's economy booms, but some banks are still feeling the effects of the last downturn. Those banks are perhaps perfect candidates for acquirers looking to tap into the recovery.