Americas

Stonegate Bank in Pompano Beach, Fla., has agreed to buy Insignia Bank in Sarasota, Fla.

Opus Bank in Irvine, Calif., has started a public finance division and hired an executive from Umpqua Bank in Oregon to run it.

With flooding in a big portion of its market, Iberiabank executives detail how technology is helping it stay open for business in a way that could not have happened a decade ago.

Months after advocating for a blockbuster sale of Comerica, Hudson Executive Capital has slashed its stake in the company, as chatter about a potential deal has fizzled. Still, the firm is credited with pushing the struggling regional bank to adopt a surprisingly aggressive turnaround plan.

Union Bankshares in Richmond, Va., said Wednesday that John Asbury, formerly of First National Bank of Santa Fe in New Mexico, will be its next CEO.

Medallion Financial, trying to diversify beyond its traditional business of financing taxi drivers, plans to issue loans on behalf of web-based lenders. But that new strategy faces some potential pitfalls.

The Bancorp in Wilmington, Del., has sold a loan portfolio as part of its effort to reduce the size of its discontinued commercial loan book.

The $13.1 billion-asset parent company of PlainsCapital Bank named William Furr CFO, effective Sept. 1.

Several lenders are attempting to recover a combined total of nearly $500 million from the estate of the deceased chief executive of an Oklahoma energy company.

Royal Bank of Canada beat analysts' estimates for the fiscal third quarter as its City National purchase in the U.S. bolstered wealth management and capital markets earnings surged. Canada's largest lender raised its dividend 2.5% to 83 cents a share.