Americas

Banc of California (BANC) in Irvine has acquired the investment advisory firm Palisades.

NewDominion Bank in Charlotte, N.C., has promised to decide on applications for certain commercial loans within three days, or pay $3,000 toward closing, in hopes of speeding its own recovery.

The Office of the Comptroller of the Currency shuttered the $3.1 billion-asset First National Bank in Edinburg, Texas, and it was sold by the Federal Deposit Insurance Corp. in a deal estimated to cost $637 million to the Deposit Insurance Fund.

Provident New York Bancorp (PBNY) and Sterling Bancorp (STL) have reached a settlement with shareholders who alleged that Sterling's board violated its fiduciary duty and failed to disclose crucial information about the two companies' pending merger.

Keene Turner will succeed Frank Sanfilippo, who will become the $3 billion-asset company's chief operating officer, according to a Friday press release.

Old National is trying to shed assets ahead of an acquisition in hopes of staying below $10 billion in assets, a level that ensures increased regulation.

An Indiana man was sentenced to spend five years in federal prison and pay almost $7 million in restitution Thursday after pleading guilty to defrauding local banks of over $10 million.

Zions Bancorp. in Salt Lake City has raised $87.9 million in a sale of subordinated notes.

Baker Boyer Bank in Walla Walla, Wash., has promoted its wealth management division manager to become president and chief investment officer.

Chemical Financial (CHFC) in Midland, Mich., could raise up to $57.5 million through its recently announced stock offering, according to pricing information released Friday.