Americas

SunTrust Banks in Atlanta has promoted its head of commercial specialty segments to corporate treasurer.

The $5.9 billion-asset company sold the subsidiary, First Merchants Insurance Group, on June 12 to USI Insurance Services, an insurance brokerage firm in Valhalla, N.Y.

Opus Bank in Irvine, Calif., has named a new head of commercial real estate lending after its current leader resigned.

Community Bank in Pasadena, Calif., has completed a debt restructuring that will reduce second-quarter profit, but will improve its cost of funds and margins and increase yearly income.

M&T Bank in Buffalo, N.Y., has named Robert Brady vice chairman and lead independent director.

Emclaire Financial in Emlenton, Pa., has raised $8 million in a private placement of its common stock.

Riverview Bancorp in Vancouver, Wash., is in talks with an activist investor about a board seat.

Anthony Albanese, the top deputy to New York bank regulator Benjamin Lawsky, will become acting head of the state's Department of Financial Services when his boss steps down next week, signaling little change in that office's aggressive stance on financial enforcement.

Highlands Bancorp in Vernon, N.J., has acquired LCD Mortgage, a residential mortgage originator in Totowa, N.J.

People's Utah Bancorp in American Fork has filed for a $36.3 million initial public offering. The $1.4 billion-asset holding company for Bank of American Fork and Lewiston State Bank plans to sell 2.5 million shares of common stock for $14.50 each.