Americas

UMB Financial in Kansas City, Mo., disclosed in a regulatory filing Thursday that a client is expected to move about $1.1 billion in deposits to an unnamed depository institution in the next 120 days.

Stonegate Bank (SGBK) in Fort Lauderdale, Fla., has agreed to buy Florida Shores Bancorp in Pompano Beach.

Simmons First (SFNC) in Pine Bluff, Ark., has submitted a bid in bankruptcy court in an effort to buy Metropolitan National Bank in Little Rock, Ark.

SP Bancorp in Plano, Texas, has applied for a state bank charter. The $300 million-asset company's SharePlus Bank is currently chartered as a federal thrift.

The $1.1 billion-asset company said in a press release Wednesday that its bank had been released from a memorandum of understanding with the Federal Reserve Board.

Clifton Savings Bancorp said Paul Aguggia, 50, will take over as the $1 billion-asset company's chairman, CEO and president on Jan. 1.

Michael Kubacki plans to give up the CEO role at the $3 billion-asset company and its bank after its annual meeting in April 2014.

Four people in Wichita, Kan., have pleaded guilty to participating in a mortgage fraud that cost lenders more than $221,000.

Machias also agreed to acquire the assets at the six banks, including loans and real estate, and about $75 million of deposits, the companies said when they announced the sale in July.

The $2.6 billion-asset Community & Southern has agreed to pay $11.80 per common share of Verity, the companies announced Wednesday.