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The companies announced last week an agreement to merge Acacia into Stifel Bank and Trust, the investment bank and brokerage's $3.9 billion-asset bank. The terms were not disclosed.

A consortium of Mexican investors led by former Banco Popular executive Roberto Herencia has completed its recapitalization of Metropolitan Bank Group in Chicago, Crain's Chicago Business reported.

FNB United in Asheboro, N.C., announced Friday that its planned name change to CommunityOne Bancorp will take effect Monday.

Sussex Bancorp in Franklin Lakes, N.J., plans to sell up to $7.2 million in common stock, offering 1.2 million shares to current shareholders at a price of $6 per share.

A former bishop of a Mormon church in Connecticut was sentenced to nearly four years in federal prison for running a fraud scheme that roped in a participant in the Troubled Asset Relief Program.

Huntington Bancshares said Thursday that it has forged a pact with Cleveland State University that gives its Huntington Bank the exclusive right to operate branches and automated teller machines on campus.

After less than a year on the job, BNC Financial CEO Peyton Patterson is looking at new markets, products and a plan to bring in up to $50 million in capital.

The $3.5 billion asset company will invest in Religare Enterprises, an Indian firm that is applying for a banking license in India, Customers said Thursday. It will spread the investment out over the next 18 months.

Jack Choi, the chief credit officer at Wilshire Bancorp (WIBC) in Los Angeles, will step down on July 1 to become president and chief executive of an unnamed bank.

Jacksonville Bancorp is in the market for a new CEO at a time when it is also trying to sell more stock and conduct a reverse stock split.

Alamogordo Financial Corp. (ALMG) in New Mexico has agreed to buy Bank 1440 (BFFO) in Phoenix.

In an effort to simplify its mortgage process and improve compliance, BOK Financial (BOKF) in Tulsa, Okla., has chosen DocuTech's mortgage loan document software.

Avidbank Holdings (AVBH) in Palo Alto, Calif., has raised $16 million selling roughly 1.6 million shares of common stock in a private offering.

The Federal Reserve Board has terminated a written agreement with Farmers Bank in Ault, Colo. The May 2010 pact obligated the $232 million-asset bank's directors to strengthen oversight of management.

An uptick in fees and a drop in expenses lifted Pinnacle Bancshares in the first quarter.

The chief executive and three directors of Atlantic Coast Financial (ACFC) are leaving the company after shareholders rejected a proposed sale to Bond Street Holdings earlier this month.

The NCUA has approved the mergers of several struggling credit unions, including four more in California.

F&M Bank Corp. (FMBM) in Timberville, Va., has named new chief financial and administrative officers at its bank unit as part of a series of promotions.

First PacTrust Bancorp (BANC) in Irvine, Calif., is planning to raise about $46 million through a sale of common stock.

The Federal Deposit Insurance Corp. has charged nine former directors of Southern Community Bank in Fayetteville, Ga., with approving risky loans that later led to its collapse in 2009.