Location Root Tag

Washington Federal in Seattle said its chief financial officer, Diane Kelleher, plans to step down at yearend.

Severn Bancorp in Annapolis, Md., has hired a former Susquehanna Bancshares executive as its chief lending officer.

In an effort to get a head start on the feeding frenzy, Malvern Federal Savings Bank in Paoli, Pa., will hold job fairs to gobble up employees laid off by BB&T in Pennsylvania.

The acquisition would be Alerus' first since it bought Private Bank Minnesota in Minneapolis in June 2014. The Beacon deal would boost Alerus' total assets in Minnesota to about $771 million.

Catskill Hudson Bank in Kingston, N.Y., has hired Orville Aarons as its president. Aarons, a former director at Naugatuck Valley Financial, had been working as a consultant to Catskill Hudson since April.

Codorus Valley Bancorp in York, Pa., has hired Dwight Utz as its chief operating officer. Utz succeeded Mike Allen, who resigned in March and is now executive-in-residence of The Graham Center for Entrepreneurial Leadership Studies at Penn State University.

Chile's Banco de Credito e Inversiones has received regulatory approval to acquire City National Bank of Florida, more than two years after the deal was announced.

First Midwest Bancorp in Itasca, Ill., has agreed to buy Peoples' Bank of Arlington Heights in Illinois.

Kent Wiechert, owner of Weststar Mortgage in Albuquerque, N.M., has acquired Goldwater Bank in Scottsdale, Ariz.

Atlantic Capital Bancshares in Atlanta plans to issue $50 million in subordinated debt to finance its acquisition of First Security Group in Tennessee.

Fidelity Bank in Fuquay-Varina, N.C., has agreed to buy a branch from First Citizens BancShares.

Money360, a marketplace lender that focuses on commercial real estate, has hired mortgage industry veteran Gary Bechtel as its president.

Peoples State Bank in Albia, Iowa, has agreed to acquire a branch from Iowa City's MidWestOne Bank.

California Bank of Commerce in Lafayette, Calif., has agreed to buy Pan Pacific Bank in Fremont, Calif.

BB&T will close a loan-processing center in Hagerstown, Md., which it obtained from its acquisition of Susquehanna Bancshares.

First Horizon National in Memphis, Tenn., has received regulators' approval to acquire TrustAtlantic Financial, after it delayed the closing date.

Merchants Bank of Bangor in Pennsylvania has tapped its chief operating officer, Tracey Smith, to become chief executive next year.

The Bank of New Mexico said that its chairman and chief executive will switch roles at the beginning of next year.

Brian Moynihan, Bank of America's chairman and CEO, told investors Thursday that revenue from fixed-income and equity markets should decline by 5% to 6% in the third quarter compared with a year ago. The Charlotte, N.C., bank will continue to have a higher efficiency ratio relative to its peers because of the high costs of paying financial advisers.

Codorus Valley Bancorp in York, Pa., has Brian Brunner to the board of its PeoplesBank. Brunner is the division president of account and item processing sales within Fiserv's global sales organization.