Americas

Wincor Nixdorf AG is changing its U.S. business model, shifting from a centralized unit based in Austin, Texas to a more dispersed structure.

Wells Fargo & Co. announced Thursday that its insurance arm has acquired EDIFY LLC, an employee benefits consulting firm based in Fort Lauderdale, Fla.

Independent Bank Corp. in Ionia, Mich., has called off a planned a public offering in which it had intended to raise up to $110 million of fresh capital.

The Federal Reserve on Tuesday announced three written agreements.

First Community Corp. in Lexington, S.C., on Wednesday agreed to buy the assets of Palmetto South Mortgage Corp. of Columbia, S.C. The $607.3 million-asset company said it expects to complete the deal on July 31.

American National Bankshares Inc. completed its 34.7M acquisition of MidCarolina Financial Corp. Seperately, Wintrust Financial said it completed its purchase of Great Lakes Advisors Inc.

Signature Bank said it would offer at least 4.1 million shares of common stock, which would raise its number outstanding by 9.9%.

Linda Nahra, the president and chief executive at Community West Bancshares in Goleta, Calif., has notified the company that she is stepping down at the end of the month to pursue another business opportunity.

El Paso offers a microcosm of the banking industry, showing how banks operating side by side can diverge dramatically based on daily choices.

ECB Bancorp Inc. in Englehard, N.C., is planning to raise $75 million in a private stock offering and intends to use a portion of the funds to exit the Treasury Department's Troubled Asset Relief Program.