Americas

Bay Commercial Bank in Walnut Creek, Calif., has agreed to buy First ULB in Oakland, Calif.

Consumers have long had options to pay for high-value purchases through monthly installments, but payments providers — from PayPal to Mastercard — have typically focused on other ways to lift purchase volume.

PCSB Bank in Yorktown Heights, N.Y., is planning to convert to stock ownership, ending 145 years as a depositor-owned mutual.

John Woods will join the $147 billion-asset company on Feb. 13 before succeeding John Fawcett on March 4, Citizens said in a Wednesday press release.

Renasant in Tupelo, Miss., is the latest bank in the Deep South to announced a large stock offering.

Russian authorities have handed over an American fugitive who the U.S. accuses of conspiring to organize the largest known cyber attack on Wall Street, according to people familiar with the matter, resolving months of negotiations at a moment of high tension over hacking between Moscow and Washington.

Payments are inevitably merging with social media, but the mix comes with a clear and very public risk if not handled correctly.

F.N.B. Corp. in Pittsburgh has hired an executive to lead its new Charlotte, N.C., office after it completes its deal for Yadkin Financial.

Southern National Bancorp of Virginia in McLean has agreed to buy Eastern Virginia Bankshares in Glen Allen for $178.3 million.

Flushing Financial in Uniondale, N.Y., has raised $75 million by selling subordinated notes.