Location Root Tag

Spencer Savings Bank in Elmwood Park, N.J., has agreed to buy the banking operations of New Jersey Manufacturers Insurance.

State Bank Financial is in no rush to extract costs from Georgia-Carolina Bancshares, preferring instead to take its time in an effort to retain the best employees and clients.

People's United Bank in Bridgeport, Conn., expects to raise $400 million through an offering of subordinated debt.

Peapack-Gladstone Financial (PGC) in Bedminster, N.J., has named Kevin Runyon as executive vice president of information technology.

Opus Bank (OPB) in Irvine, Calif., has launched a small-business banking division.

MOUNTAIN VIEW, Calif. — Credit unions should partner with members to battle all the mobile banking attacks that will likely strike the United States following the first major mobile security threat to hit the nation earlier this month.

Philip W. Tomlinson, CEO of Total Systems Services (TSYS), will retire on July 31. He will be succeeded by M. Troy Woods, the company's president and COO.

Green Bancorp in Houston has filed to raise $100 million by going public. The company said in its filing that it plans to use $8 million of the IPO's net proceeds to partially pay for its pending $46 million acquisition of SP Bancorp in Plano, Texas.

State Bank Financial (STBZ) in Atlanta has agreed to buy Georgia-Carolina Bancshares (GECR) in Augusta, Ga. The $2.6 billion-asset State Bank will pay about $82 million, or $22.35 a share, in cash and stock.

Umpqua Holdings (UMPQ) in Portland, Ore., will close 27 branches by the end of this year as part of its integration of Sterling Financial in Spokane, Wash.

NASHVILLE — The merger between Kentucky Corporate FCU and Volunteer Corporate CU moved a step closer to completion with NCUA approving the deal earlier this month in a closed meeting.

First Community Bank in Lexington, S.C., has agreed to acquire First South Bank's deposits in Columbia and some loans for approximately $800,000.

Great Southern in Missouri completed its fifth failed-bank deal on Friday. The company stated that the deal's strategic benefits outweigh the fact that it received a smaller upfront gain from its latest purchase.

Community banks in the Old Line State have benefitted from a strong economy, but higher regulatory costs, rate pressure and competition could force many to consider selling in coming months.

Open Bank (OPBK) in Los Angeles has raised $30 million in a private offering of common stock.

U.S. Bancorp (USB) in Minneapolis has completed its purchase of Citizens Financial Group's Charter One franchise in Chicago.

First National Bank of the Gulf Coast in Naples, Fla., will change its name when it becomes a state-chartered bank.

OKLAHOMA CITY — A Tinker FCU member was rescued from kidnappers Saturday by an off-duty police officer who was working security at the credit union.

Regulators seized the two subsidiaries of Iowa-based River Valley Bancorp. on Friday, one in Illinois and the other in Florida.

Highlights from the New York Fed's small-business Credit Innovation forum.