Americas

Wells Fargo said it does not have any immediate plans to acquire a wealth management business in the U.K., following media reports that it's looking at two companies.

Banc of California in Irvine has named James McKinney its new chief financial officer. McKinney joined the $6.4 billion-asset bank in September as chief accounting officer.

Grayson Bankshares in Independence, Va., and Cardinal Bankshares in Floyd, Va., have agreed to merge to form a new holding company.

U.S. Bancorp has been hit with a consent order regarding deficiencies in its anti-money laundering compliance program.

Meta Financial Group in Sioux Falls, S.D., has promoted Cindy Smith to the newly created position of head of technology and operations.

First Guaranty Bancshares in Hammond, La., has decided to again test the market for an IPO. The $1.4 billion-asset company in December postponed a stock offering that would have raised around $65 million, as concerns mounted about the impact the slide in oil prices would have on the bank.

M&T Bank has expanded its leadership in the metro New York region after completing its acquisition of Hudson City Bancorp.

Evans Bancorp in Hamburg, N.Y., said that its chief financial officer has left to pursue other interests.

Puget Sound Bank in Bellevue, Wash., is preparing to form a holding company.

Incommons Bank in Mexia, Texas, has agreed to buy two branches from Allegiance Bancshares in Houston.