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Bay Banks of Virginia in Kilmarnock has agreed to buy Virginia BanCorp in Petersburg.

Opus Bank in Irvine, Calif., which reported a third-quarter loss tied to credit issues, has elevated two lending officers to executive-level posts.

Heartland Financial in Dubuque, Iowa, is looking to raise $53.5 million through a public offering.

The former chairman of the failed Premier Bank in Wilmette, Ill., was sentenced to five years in prison after he pleaded guilty to defrauding the Treasury Department's Troubled Asset Relief Program.

Alibaba is taking advantage of a consumer shift to shopping on mobile devices as it uses its massive computing power and investments in data centers.

Cathay General Bancorp in Los Angeles has agreed to a community reinvestment plan tied to its deal to buy SinoPac Bancorp from Bank SinoPac in Taiwan.

BNC Bancorp in High Point, N.C., has rebranded its banking unit to reflect its expansion beyond the Tarheel State. The $7.5 billion-asset company said in a press release Tuesday that Bank of North Carolina is now BNC Bank.

SunTrust Banks in Atlanta has agreed to open almost 200 new locations of Operation Hope's financial-counseling centers inside its branches by 2020.

OptimumBank Holdings in Fort Lauderdale, Fla., has appointed a former Florida credit union CEO, John H. Clifford, to its board.

Square 1 Bank, a unit of PacWest Bancorp, has hired two financial services veterans to expand its banking services for venture capital and private-equity firms and named a new leader of that practice.

A community bank in New Jersey has raised millions in funding from Silicon Valley's star fintech venture capitalists.

F.N.B. Corp. in Pittsburgh will add the president and chief executive of Yadkin Financial to its board after buying the Raleigh, N.C., company.

A small New Jersey bank that is a so-called rent-a-charter partner of more than a dozen marketplace lenders has raised millions of dollars from some household names in the venture capital world.

Acquisition costs ate into third-quarter profit at Old National Bancorp in Evansville, Ind.

Less than a week after revealing it will bring Alipay payment options to U.S. terminals, Ant Financial has signed an agreement with Commonwealth Bank of Australia.

Sun Bancorp’s third-quarter profit declined, as the Mount Laurel, N.J., recorded almost $3 million of one-time gains a year ago. Sun’s expenses, however, continued to improve.

Heartland Financial in Dubuque, Iowa, has agreed to buy Founders Bancorp in San Luis Obispo, Calif.

The president of the Kansas City Federal Reserve Bank is best known for her dissenting votes on monetary policy, but that's not the only way she stands out. Her background as a farmer and former bank examiner gives her a unique perspective among Fed officials.

Can banks outdo online lending startups in head-to-head competition? We're about to find out. Goldman Sachs, Wells Fargo and Quicken have all entered the digital lending business, putting early entrants on the defensive.

As banks grow and their business models become more complex, some find that adding a general counsel to the staff makes sense. Bank SNB in Stillwater, Okla., says hiring one allowed it to reduce its legal fees by 80%. Here are the pros and cons.