Location Root Tag

A group of bankers have banded together to buy First National Bank of Chillicothe in Texas and will use it to open a branch just outside of Dallas.

First Bancshares Inc. in Hattiesburg, Miss., said Monday that it had expanded along the Gulf Coast after buying eight branches that had belonged to Whitney National Bank.

The former Investors Savings Bank in Short Hills, N.J., has shortened its name to Investors Bank to better reflect its increasing commercial focus.

WSFS Financial Corp. in Wilmington, Del., has hired Paul D. Geraghty as its chief wealth officer.

Atlantic Coast Financial Corp. in Jacksonville, Fla., said in a regulatory filing last week that Robert J. Larison Jr. is retiring as its chief operating officer.

Happy Bancshares Inc. in Canyon, Texas, has agreed to acquire Signature Bancshares Inc. in Dallas.

First M&F Corp. in Kosciusko, Miss., is looking to shed six branches, or roughly 14% of its offices.

Opus Bank, Irvine, Calif., hired Michael L. Allison as chief credit officer and executive vice president.

Continuing a wave of consolidation among California community banks, AltaPacific Bancorp in Santa Rosa said late Wednesday that it is buying Stellar Business Bank in Covina for $17.4 million in stock.

Led by energy, and bolstered by a diversifying economy, the Texas metropolis is drawing a wave of new banks to vie with the city's incumbents.

Simone Lagomarsino reflects on the divisive debate on whether credit unions should be allowed to raise capital. Backers view such a move as a necessity for struggling credit unions, while detractors worry that it could cost the industry its tax-exempt status.

Simone Lagomarsino took the helm of Heritage Oaks in Paso Robles, Calif., on Monday. The veteran banker has a long track record of selling banks, but says she is here to build value.

In what would be its first whole-bank acquisition since 2008, Prosperity Bancshares Inc. in Houston has announced plans to buy the $72 million-asset Texas Bankers Inc. in Austin.

First Merchants Corp. in Muncie, Ind., used a regulatory filing Tuesday to disclose the names of the two private equity firms that participated in a recent private placement of common stock.

The Federal Reserve on Tuesday announced a written agreement with Pinnacle Bank Holding Co. in Orange City, Fla.

The chief executive at Texas Capital Bancshares Inc. says that regional banks like his are losing potential commercial loan business to deposit-rich larger banks that are undercutting them on rates and offering more favorable terms.

After making five acquisitions in less than three years, People's United Financial Inc. in Bridgeport, Conn., is now turning its attention to slashing overhead and growing its balance sheet more organically.

Michael Viazzoli, a former Bank of America Corp. executive, has been named president of Bank of Kansas City.

In its second-to-last quarter as an independent company, Parkvale Financial Corp. in Monroeville, Pa., reported a a profit of $1.7 for the quarter that ended June 30, compared to a loss of $21.2 million in the same period last year.

Continuing its aggressive expansion in Southern California, upstart Grandpoint Capital Inc. in Los Angeles is planning to buy Regents Bancshares Inc. in La Jolla.