Americas

Prairie Community Bank in Marengo, Ill., has raised $2.48 million in a private placement of its preferred stock.

After receiving final regulatory approval, the merger of $1.4 million St. Patrick (Croswell) Credit Union into $396 million Security Credit Union began earlier this month.

Clients of many community banks in Illinois can apply for short-term loans as lawmakers grapple over issuing paychecks while the state has no budget.

Sunshine Financial in Tallahassee, Fla., has asked for permission to switch to a state bank charter from a federal thrift charter.

Signature Bank in New York has formed a subsidiary to specialize in municipal finance and hired three executives for the division.

Piper Jaffray has agreed to buy River Branch Holdings, a Chicago investment bank that focuses on financial institutions.

Monica Hughes Davy is new director of the OMWI following a six-month search.

Small Pennsylvania credit union is fourth closure of 2015.

Colorado state regulators on Friday closed the $31.7 million-asset Premier Bank in Denver.

Bank of Stockton in California has agreed to acquire three California branches of from First Banks in Clayton, Mo, according to The Record in Stockton.