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Opus Bank in Irvine, Calif., will cut about 10% of its workforce and cancel contracts for redundant systems and services.

Merchants Bancshares in South Burlington, Vt., has named an interim principal financial officer after its chief financial officer resigned.

Associated Banc-Corp in Green Bay, Wis., will increase its fourth-quarter allowance for loan losses by $13 million to compensate for potential late payments or defaults on loans in its energy portfolio.

Patriot National Bancorp in Stamford, Conn., said that its chief financial officer resigned this week and that it has hired a former Connecticut community bank executive to replace her.

Ohio Valley Banc Corp. in Gallipolis, Ohio, has agreed to buy Milton Bancorp in Wellston, Ohio. The $808 million-asset Ohio Valley said it will pay about $20 million in cash and stock for the parent of Milton Banking Co.

First Express of Nebraska in Gering and First Wyoming Bancorp. in Laramie have agreed to merge. The companies did not disclose the price of the deal, which is expected to close by mid-2016.

Johnson Financial Group in Racine, Wis., has agreed to buy the wealth management business of Cleary Gull Advisors.

Tompkins Financial in Ithaca, N.Y., said that its Tompkins Insurance Agencies unit bought Shepard, Maxwell & Hale Insurance.

Deloitte has named Kenny Smith leader of its financial services industry group in the U.S., succeeding Robert Contri, who had held the role since 2011.

Several small banks are beginning to offer employer-based loans, a payday loan alternative for under-banked consumers.

MainSource Financial Group in Greensburg, Ind., has named Karen Woods as chief risk officer and corporate counsel.

First Republic Bank in San Francisco has appointed Katherine August-deWilde to the newly created position of vice chair.

Enterprise Financial Services in Clayton, Mo., has announced the retirement of its bank's executive chairman and chief credit officer.

First Republic Bank in San Francisco has appointed Katherine August-deWilde to the newly created position of vice chair.

Northway Bank in Berlin, N.H., has exited the Small Business Lending Fund.

Carolina Financial in Charleston, S.C., has agreed to buy Congaree Bancshares in Cayce, S.C.

BancorpSouth in Tupelo, Miss., has agreed to settle a lawsuit tied to how it determines overdraft fees on debit card and ATM transactions.

OceanFirst Financial in Toms River, N.J., has agreed to buy Cape Bancorp in Cape May Court House, N.J.

Ally Financial in Detroit has received a demand from an activist investor to explore strategic alternatives, including a possible sale of the company. The activist is also seeking two board seats.

Community Shores Bank Corp. in Muskegon, Mich., has raised about $5.3 million and has been released from an enforcement action.