Americas

MidSouth Bancorp in Lafayette, La., has promoted the son of Chief Executive Rusty Cloutier to president of MidSouth Bank.

First Bancorp in Southern Pines, N.C., has redeemed about half of its shares in the Small Business Lending Fund.

USAA is the lead investor in a venture-capital funding round for a developer of mobile applications for automobiles.

Chris Myklebust will become commissioner of the Colorado Division of Banking. In his previous job, he approved a charter for a CU to serve the state's legal marijuana industry.

Colorado has named a new state banking commissioner, after an interim commissioner has held the job for almost 18 months.

New data from the League of Southeastern Credit Unions found that CUs in Florida and Alabama added more than 100,000 new members during the first three months of 2015 as well as some other impressive gains.

MidWestOne Financial Group in Iowa City, Iowa has raised $8.4 million in a private placement of its common stock.

First Mariner Bank in Baltimore has been released from a six-year-old enforcement action, after the bank filed for bankruptcy last year and was acquired by a group of Baltimore investors.

If approved, Core Commercial Bank would be just the third new bank to open in the U.S. since the financial crisis.

A Los Angeles-based community group has dropped its objection to the proposed sale of City National Bank to Royal Bank of Canada and now says the deal should be expedited.