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Wells Fargo has hired a new head of commercial real estate lending for its Orange County, Calif., office.

Members of Xceed Financial Center now have instant access to an associate through their smart phones, laptops or desktop computers with the credit union's new virtual banking product — Xperience Center — which recently went live.

American Founders Bank in Lexington, Ky., has agreed to sell itself to a real estate developer.

SmartFinancial in Pigeon Forge, Tenn., has hired a chief experience and strategy officer, ahead of its planned acquisition of Cornerstone Bancshares in Chattanooga, Tenn.

Royal Bancshares of Pennsylvania in Narberth has agreed to purchase a branch in Delaware County, Pa., from First CornerStone Bank.

Beneficial Bancorp in Philadelphia has hired a former Susquehanna Bank executive as a consultant.

Redwood Credit Union recently earned the highest mark on Glatt Consulting's Credit Union Industry HealthScore.

Valley National Bancorp in Wayne, N.J., is planning to issue a combined $200 million in preferred stock and debt.

NCR in Duluth, Ga., may be a target for a possible takeover by private equity firms Blackstone Group and Carlyle Group.

First Reliance Bancshares in Florence, S.C., is again current on its dividends tied to the Troubled Asset Relief Program.

NCUA plans to propose new data security rules for credit unions that would include requiring encryption or password protection for sensitive member data during examinations.

Zions Bancorp. in Salt Lake City has sold its remaining collateralized debt obligations.

Mechanics Bank in Walnut Creek, Calif., shook up its top leadership post following its sale to a Dallas investment group.

The $18.7 billion-asset company said in a press release Monday that Eric Yeaman will also become its chief operating office on June 22.

Actors FCU executive says CU made FinCEN's list for one simple reason: it was doing exactly what it was supposed to do.

SunTrust Banks in Atlanta has promoted its head of commercial specialty segments to corporate treasurer.

The $5.9 billion-asset company sold the subsidiary, First Merchants Insurance Group, on June 12 to USI Insurance Services, an insurance brokerage firm in Valhalla, N.Y.

Opus Bank in Irvine, Calif., has named a new head of commercial real estate lending after its current leader resigned.

Community Bank in Pasadena, Calif., has completed a debt restructuring that will reduce second-quarter profit, but will improve its cost of funds and margins and increase yearly income.

M&T Bank in Buffalo, N.Y., has named Robert Brady vice chairman and lead independent director.