Americas

The acquisition would be Alerus' first since it bought Private Bank Minnesota in Minneapolis in June 2014. The Beacon deal would boost Alerus' total assets in Minnesota to about $771 million.

Catskill Hudson Bank in Kingston, N.Y., has hired Orville Aarons as its president. Aarons, a former director at Naugatuck Valley Financial, had been working as a consultant to Catskill Hudson since April.

Codorus Valley Bancorp in York, Pa., has hired Dwight Utz as its chief operating officer. Utz succeeded Mike Allen, who resigned in March and is now executive-in-residence of The Graham Center for Entrepreneurial Leadership Studies at Penn State University.

Chile's Banco de Credito e Inversiones has received regulatory approval to acquire City National Bank of Florida, more than two years after the deal was announced.

First Midwest Bancorp in Itasca, Ill., has agreed to buy Peoples' Bank of Arlington Heights in Illinois.

Kent Wiechert, owner of Weststar Mortgage in Albuquerque, N.M., has acquired Goldwater Bank in Scottsdale, Ariz.

Atlantic Capital Bancshares in Atlanta plans to issue $50 million in subordinated debt to finance its acquisition of First Security Group in Tennessee.

Fidelity Bank in Fuquay-Varina, N.C., has agreed to buy a branch from First Citizens BancShares.

Money360, a marketplace lender that focuses on commercial real estate, has hired mortgage industry veteran Gary Bechtel as its president.

Peoples State Bank in Albia, Iowa, has agreed to acquire a branch from Iowa City's MidWestOne Bank.