Americas

MoneyGram has renewed its relationship with Minnesota's Bremer Bank to assist with its check services.

U.S. consumers in the first quarter borrowed more to pay for education and automobiles, but overall their debt burden was relatively flat, according to a new report from the Federal Reserve Bank of New York.

Customers Bancorp in Wyomissing, Pa., is planning to raise at least $48 million by selling preferred stock.

First Farmers and Merchants Bank in Columbia, Tenn., has hired a former Regions Financial banker to run its wealth management operations.

The $1.1 billion-asset company said in a press release Monday that the Federal Deposit Insurance Corp. and the Maryland Commissioner of Financial Regulation had terminated a May 2013 order against its Talbot Bank.

BankUnited in Miami Lakes, Fla., has hired Hakim Kassam, a former Wells Fargo banker, to run its small business finance department.

A former chief financial officer at Bank of McKenney in McKenney, Va., has been indicted on two counts of embezzlement.

First Commonwealth Bank in Indiana, Pa., has agreed to buy First Community Bank in Columbus, Ohio, for about $15 million in cash.

Flushing Financial in Uniondale, N.Y., has sold three branch properties in Brooklyn, N.Y.

The Illinois Department of Financial & Professional Regulation closed the $90 million-asset Edgebrook Bank in Chicago on Friday.