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Anchor BanCorp Wisconsin said Thursday that it has offered buyouts to nearly 20% of its employees and is closing six branches as part of its ongoing effort to improve efficiency.

Financial Institutions Inc. in Warsaw, N.Y., has begun a $35 million debt offering to help fund growth.

Community First Bank in Seneca, S.C., has overhauled its executive management team, including naming new chief executive, financial and credit officers.

The Consumer Financial Protection Bureau's proposed rule cracking down on predatory payday lenders could wind up shutting down some credit unions' consumer-friendly payday loan alternatives.

The $5.8 billion First Financial said in a press release Wednesday that it will pay $1.9 million in cash for 4Trust Mortgage in a deal that should close next month.

BOULDER, Colo. — State and federal regulators have granted approval for two Boulder-area credit unions to take part in a "merger of equals."

WATFORD CITY, N.D. — Several years into the oil boom in Western North Dakota, two credit unions say that for all the growth they've seen, there's no escaping a very real people problem.

AUSTIN, Texas — There is a "new day" coming as Congress considers a trio of bills related to the member business lending cap.

Novantas, a New York-based bank advisory firm, has hired the former head of analytics for Bank of America.

Pinnacle Financial Partners in Nashville has agreed to buy CapitalMark Bank & Trust in Chattanooga, Tenn.

CBank in Cincinnati has agreed to buy Commercial Industrial Finance, a St. Louis equipment leasing and finance firm.

MANCHESTER, N.H. — St. Mary's Bank, the nation's first credit union, is offering first-time home-buyers assistance with down payments and closing costs.

Hilltop Holdings in Lubbock, Texas, plans to issue $150 million in senior debt.

ALEXANDRIA, Va. — NCUA has revised its supervisory policies in order to ease the secondary capital process for low-income credit unions and investors.

Grayson Hall, chief executive at Regions Financial in Birmingham, Ala., will serve as the private sector chairman for the Southeast U.S.-Japan Association's joint forum.

DNB Financial in Downington, Pa., has formed a business banking services division.

Four Oaks Fincorp in North Carolina has a new president.

HMN Financial in Rochester, Minn., has agreed to buy certain assets and liabilities of Kasson State Bank.

BOK Financial in Tulsa, Okla., has named its new chief credit officer.

An "unexpected" regulatory delay has forced M&T Bank in Buffalo, N.Y., and Hudson City Bancorp in Paramus, N.J., to delay their merger for the fourth time.