Americas

Chemung Financial in Elmira, N.Y., is set to form an insurance unit.

Union Bankshares in Richmond, Va., will open a loan production office after hiring a team that worked at NewBridge Bancorp.

Franklin Savings Bank in Franklin, N.H., has lured an executive from Florida to become its next chief financial officer.

Mackinac Financial in Manistique, Mich., has promoted an executive from its bank to become its next chief financial officer.

Castle Creek Capital Partners has appointed a director to serve on the board at HCSB Financial in Loris, S.C.

First Republic Bank in San Francisco plans to raise about $178 million through a common stock offering.

Civista Bancshares in Sandusky, Ohio, will record a gain of roughly $1.5 million in the second quarter after a nonperforming loan was fully repaid.

Community Business Bank in West Sacramento, Calif., has finally put the Troubled Asset Relief Program in the past.

At least three community banks have hired lenders who once worked at banks bought by BB&T. The question is whether those lenders can coax their clients to also make a switch.

First South Bancorp survived a close vote on a shareholder proposal to "immediately" take steps to sell the Washington, N.C., company.