Americas

The chairman of First National Bank of Santa Fe has accepted additional duties ahead of the bank's upcoming merger.

The longtime chairman and chief executive of Cathay General Bancorp will relinquish his CEO title this fall and the company's bank president is set to succeed him.

Previous natural disasters in the Gulf region have taught banks like MidSouth, Regions and Hancock how to swing into action to help customers and manage sudden risks.

Citizens Community Bancorp in Eau Claire, Wis., said it plans to close four branches in Walmart stores in mid-November.

Kinderhook Bank Corp. in New York said Wednesday that Scott Shallo, a member of the board since 2006, succeeded Brian Kelly as chairman.

Allied Bank in Mulberry, Ark., has been ordered to immediately raise capital or find a buyer to address its precarious capital position.

Banks in cities such as Seattle and New York are getting creative with branching, adding some that are smaller than modest apartments.

United Bankshares in Charleston, W.Va., has agreed to buy Cardinal Financial in Tysons Corner, Va.

The spike in the Libor rate is a boon for banks that have lots of floating-rate loans tied to the well-known benchmark. Shifts in money market funds are the driver, with the big question being how long the run will last.

The $185 million-asset bank said in a press release Tuesday that it is offering 800,000 shares of its common stock at a price of $7.50 each.