Americas

First Tennessee Bank in Memphis is giving veteran regional leader Pam Fansler an unusual retirement present: a chairmanship.

BMO Harris Bank in Chicago has agreed to sell 31 Wisconsin branches to a California real estate investment trust.

Pinnacle Financial in Nashville, Tenn., has sold $120 million in subordinated notes and will use the proceeds to retire existing debt and bolster its capital levels.

Montana's biggest bank will have to compete in cities such as Seattle and Portland, Ore., after buying Cascade Bancorp. But the company is arguably more excited about its chances to grow in central Oregon and Idaho, which are more like its existing markets.

Sen. Jeff Sessions is one of the marijuana industry's staunchest foes. He could upend efforts by the Obama administration to persuade banks that it is safe to work with cannabis firms.

First NBC Bank Holding in New Orleans said in a press release Thursday that its bank entered into a consent order with the Federal Deposit Insurance Corp. and the Louisiana Office of Financial Institutions on Nov. 10.

Simmons First National in Pine Bluff, Ark., has agreed to buy the parent of First South Bank in Jackson, Tenn.

Home BancShares in Conway, Ark., said in a press release Thursday that its bank has been declared the winning bidder for Bank of Commerce in Sarasota, Fla., as part of a bankruptcy auction.

Banks already have a difficult time collecting data on mortgage lending to minorities. New data requirements scheduled to take effect in early 2018 could lead to even more mistakes — and financial penalties — not to mention higher compliance costs and longer delays in closing loans.

Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.