Location Root Tag

First Financial Bancorp. in Cincinnati has issued $120 million in subordinated debt and plans to use the proceeds for potential stock repurchases and to support growth.

Oak Valley Bancorp in Oakdale, Calif., has agreed to buy Mother Lode Bank in Sonora, Calif.

BankMobile, the fee-free, digital-only offshoot of Customers Bancorp in Wyomissing, Pa., is launching a technology development division called BankMobile Technologies.

CIT Group in New York has formed a joint venture with the private equity firm TPG Capital to provide commercial lending.

Avadian Credit Union in Birmingham, Ala., has agreed to buy American Bank of Huntsville in Alabama.

Eagle Bancorp Montana in Helena has appointed a building contractor and real estate developer to its board.

Northfield Bancorp in Woodbridge, N.J., has agreed to buy Hopewell Valley Community Bank in Pennington, N.J.

Tim Colvin used to make consumer loans at Community Trust Bank. Now, as the bank's "dream manager," he spends his workday counseling the bank's employees on everything from figuring out how to adopt a baby to landing their ideal job.

Many of the bank's policies bubbled up through meetings of the Employee Excellence Council, a group of roughly 50 volunteers — from tellers to senior vice presidents — that offers input on benefits, working conditions and anything else that comes to mind.

Tri-Valley Bank in San Ramon, Calif., plans to raise $1.35 million in a private placement of its common stock.

Poage Bankshares in Ashland, Ky., has promoted its bank president to chief executive, following the resignation of Ralph "Gene" Coffman.

Algonquin State Bank in Illinois has promoted several employees in a revamping of executive management.

SBT Bancorp in Simsbury, Conn., plans to raise about $7.5 million through a private placement of subordinated debt and $8.6 million through a public offering of common stock.

Citizens First in Bowling Green, Ky., has appointed a Tennessee businessman and a Kentucky government official to its board.

ASB Bancorp in Asheville, N.C., has received its second demand in less than a month to put itself on the auction block.

First Financial Northwest in Renton, Wash., has added a former Sandler O'Neill investment banker and a PacWest Bancorp director to its board.

Santa Cruz County Bank in California has named Angelo DeBernardo its chief lending officer.

Cecil Bancorp in Elkton, Md., has been ordered by federal regulators to raise more capital or sell itself.

First Horizon National in Memphis, Tenn., is giving itself another two months to complete its purchase of TrustAtlantic Financial.

United Bancshares in Columbus Grove, Ohio, has resolved a looming hole in its lineup — chief financial officer. Anthony Eramo will start Sept. 5 as CFO of the $629 million-asset company and its subsidiary, Union Bank Co.