Americas

Marquette Financial Companies in Scottsdale, Ariz., promoted Larry West to be its new chief executive officer.

Capital Bank Financial shares a problem with other investor-backed companies built to make a lot of bank acquisitions: their stocks trade at low premiums because they are overcapitalized, but they are unable to deploy their capital in M&A deals because of those low stock values.

1st Capital Bank in Monterey, Calif., has appointed a chief banking officer who will take on most of the responsibilities of its recently departed chief administrative officer.

Avidbank Holdings in Palo Alto, Calif., has added Michael Rosinus to its board of directors.

Zions Bancorp. in Salt Lake City is looking to redeem up to $500 million of senior notes.

Wilcox Bancshares in Grand Rapids, Minn., has purchased Crow River State Bank in Delano, Minn.

PrivacyCheq, a financial technology company in York, Pa., has launched a service that hosts streamlined versions of banks' privacy notices that can be pushed out to smartphones, tablets and desktops.

Albina Community Bancorp is one of few lenders to recapitalize and sell its bank despite an overhang of trust-preferred debt at the parent company. Still, an investor is threatening to force involuntary bankruptcy — a sign of just how tough it is for banks to escape the trust-preferred trap.

CertusBank in Greenville, S.C., has agreed to sell its mortgage and wealth businesses as it tries to move past its history of high expenses and heavy losses.

ALEXANDRIA, Va. — Given the dearth of new CUs in recent years, the National Credit Union Administration on Monday announced it has created a new resource to help groups that are interested in applying for a federal charter.