Americas

Farmers & Merchants Bancorp in Lodi, Calif., has agreed to buy Delta National Bancorp in Manteca, Calif.

Trustmark in Jackson, Miss., reduced its workforce by more than 6% by offering early retirement packages.

Wintrust Financial in Rosemont, Ill., is planning to raise about $160 million through a common stock offering.

Highlands Bancorp in Vernon, N.J., has raised $7.5 million to exit the Small Business Lending Fund.

PNC Financial Services Group has been named the official bank of the University of Kentucky, its 50th such partnership with a college or university.

A longtime California bank regulator and executive has joined the board at Hanmi Financial in Los Angeles.

Most banks will be content to let the rate chasers walk if CD rates rise, but they'll still need to hike payouts if they hope to keep pace with the competitors. Question is, how far will they go to retain their best customers?

First Federal Bank of Wisconsin in Waukesha has a new chief executive lined up.

Heartway Bancorp. in Wayland, Iowa, has agreed to buy Peoples State Bank in Winfield, Iowa.

It has been seven years, and it’s going to take about $16.1 million, but First Reliance Bancshares in Florence, S.C., says it is about to close a key chapter in its post-crisis recovery and is ready to ramp up growth.