Americas

The $359 million-asset Merchants said in a press release Friday that Rocco Del Vecchio will succeed Anthony Biondi as chief executive on Aug. 22. Biondi is retiring after 12 years on the job.

State-sponsored green banks in New York and elsewhere provide a valuable service as "party planners" that bring developers and private lenders together on alternative energy projects.

Another data firm plans to seek regulatory certification as a credit bureau for payday lenders.

Customers Bancorp in Wyomissing, Pa., plans to sell $50 million in common stock.

Farmers Capital Bank in Frankfort, Ky., will consolidate its four banks under a single charter.

CNB Financial in Clearfield, Pa., has picked a veteran director to be its next chairman, the sixth in the company's 32-year history.

A federal judge in California approved a $2.4 million settlement in a class- action lawsuit against Social Finance, a San Francisco-based online lender.

Meta Financial Group in Sioux Falls, S.D., has expansion in mind, citing M&A and other growth-related pursuits as the reasons behind a $75 million debt issuance.

ICBA Bancard has bought an agent bank portfolio from Fifth Third Bancorp in Cincinnati that carries about $98 million in credit card receivables.

Old Line Bancshares in Bowie, Md., has issued $35 million in subordinated debt to help pay for an acquisition and for growth moves down the road.