Americas

Umpqua Holdings (UMPQ) in Portland, Ore., has agreed to buy Sterling Financial (STSA) in Spokane, Wash.

The $5.8 billion-asset Chemical has begun a public offering of its common stock that seeks to raise $50 million, it announced Wednesday after the market closed. All of the shares are being offered by the company.

Patriot National Bancorp in Stamford, Conn., has appointed Christina Maier as its new chief financial officer.

Carolina Bank Holdings in Greensboro, N.C., has bought back some of the preferred stock it issued through the Troubled Asset Relief Program.

Richard Carrión's loss is Popular's gain. He would have stepped down as CEO of the Puerto Rico bank had he won the presidency of the International Olympic Committee, but he lost to Germany's Thomas Bach.

Atlantic Coast Financial (ACFC) in Jacksonville, Fla., has picked a veteran of Fifth Third Bancorp (FITB) and the former Wachovia to be its new chief executive.

Evertec (EVTC), a payments business Popular started 25 years ago, filed a secondary offering with the Securities and Exchange Commission on Monday to sell 20 million shares, including 9 million shares currently held by the $37 billion-asset Popular.

CoBiz Financial in Denver has named new leadership at its banking franchise. Jonathan Lorenz has been named chairman of the board and Scott Page will replace Lorenz as chief executive at Colorado Business Bank and Arizona Business Bank.

The underwriters of Independent Bank Corp.'s (ICBP) recent offering plan to buy an additional $13.4 million worth of the company's stock.

F.N.B. Corp. in Hermitage, Pa., is setting up a regional headquarters in downtown Baltimore.