Americas

The companies announced last week an agreement to merge Acacia into Stifel Bank and Trust, the investment bank and brokerage's $3.9 billion-asset bank. The terms were not disclosed.

A consortium of Mexican investors led by former Banco Popular executive Roberto Herencia has completed its recapitalization of Metropolitan Bank Group in Chicago, Crain's Chicago Business reported.

FNB United in Asheboro, N.C., announced Friday that its planned name change to CommunityOne Bancorp will take effect Monday.

Sussex Bancorp in Franklin Lakes, N.J., plans to sell up to $7.2 million in common stock, offering 1.2 million shares to current shareholders at a price of $6 per share.

A former bishop of a Mormon church in Connecticut was sentenced to nearly four years in federal prison for running a fraud scheme that roped in a participant in the Troubled Asset Relief Program.

Huntington Bancshares said Thursday that it has forged a pact with Cleveland State University that gives its Huntington Bank the exclusive right to operate branches and automated teller machines on campus.

After less than a year on the job, BNC Financial CEO Peyton Patterson is looking at new markets, products and a plan to bring in up to $50 million in capital.

The $3.5 billion asset company will invest in Religare Enterprises, an Indian firm that is applying for a banking license in India, Customers said Thursday. It will spread the investment out over the next 18 months.

Jack Choi, the chief credit officer at Wilshire Bancorp (WIBC) in Los Angeles, will step down on July 1 to become president and chief executive of an unnamed bank.

Jacksonville Bancorp is in the market for a new CEO at a time when it is also trying to sell more stock and conduct a reverse stock split.