Americas

PacWest Bancorp in Los Angeles has agreed to buy Square 1 Financial in Durham, N.C.

Popular and FirstBank gained critical branches and deposits in a region where growth is hard to come by. Some observers said it could also benefit the island to have one less competitor.

The $1.4 billion-asset company said in a press release Friday that it will allow Richard Lashley, a co-founder of PL Capital, to join its board.

MONTGOMERY, Ala. — MAX Credit Union here took advantage of Black History Month to unveil its new debit card paying tribute to the historic Selma-to-Montgomery civil rights march of 1965.

Regulators have shut Doral Bank, ending a tumultuous decade for the Puerto Rican bank. The $5.9 billion-asset Doral was the fourth bank to fail this year and the biggest bank to be closed since the $11 billion-asset Westernbank in Puerto Rico was shuttered in April 2010.

First National Community Bancorp in Dunmore, Pa., will pay $1.5 million to resolve issues tied to the Bank Secrecy Act.

BancorpSouth in Tupelo, Miss., is planning to add a former Bank of America executive to its board.

CVB Financial in Ontario, Calif., will take a small hit in the first quarter after repaying a Federal Home Loan Bank advance.

Pamela Joseph, U.S. Bancorp's vice chair of payment services and a 10-year veteran of the Minneapolis-based bank, plans to retire in mid-2015.

Summit Financial Group in Moorefield, W.Va., has been freed from a five-year regulatory order.