Americas

Callahan & Associates has hired J. F. Sean Hession, a former executive at First National Bank of Omaha, as the consulting group's president and CEO.

First Internet Bancorp is creating a new division to offer traditional commercial and industrial lending to businesses in Indiana.

Providence Bank in Columbia, Mo., has brought in Kit Stolen 3rd as its new chief executive to oversee the clean-up of its loan portfolio and guide it through its next phase of growth.

A troubled Chicago-area community bank that just received a large capital infusion from its owners is now negotiating to restructure its loan with Cole Taylor Bank as it aims to rebuild its capital reserves.

Susquehanna Bancshares Inc. in Lititz, Pa., is scouting for a new president to run its Baltimore-area operations following the promotion of its current market president to a larger post within the company, the Baltimore Business Journal reported Friday.

Shares for United Community Banks Inc. tumbled Friday after the Blairsville, Ga., company said it would record an additional $166.9 million in a deferred tax asset valuation allowance.

University Bank in Ann Arbor, Mich., has acquired an additional 37.5% stake in a specialty finance firm in which it already half owned.

Under orders from its regulator to improve its capital ratios, Community First Bank & Trust in Columbia, Tenn., is selling one of its 10 branches to Southern Community Bank in Tullahoma, Tenn., and could be looking to unload several more.

BankAtlantic Bancorp's hopes to move forward with its planned sale without the interference of its debt holders have been squashed by a Delaware judge.

The Federal Deposit Insurance Corp. has ordered seven ailing community banks to raise fresh capital and directed three others with elevated loan losses to submit written plans for raising capital should credit quality weaken further.