Americas

Preferred Bank in Los Angeles has recovered a large chunk of a loan it had given up on. The $1.9 billion-asset company said a $5.6 million loan that had been put in nonaccrual status was paid off Friday.

Highlands Bankshares in Abingdon, Va., has elected a new chairman and president.

FERGUSON, Mo. — Although Alliance Credit Union's luck continues to hold out amid the riots with an office located at the center of the civil unrest here that is undamaged, local residents are far less fortunate.

Pathfinder Bancorp in Oswego, N.Y., could raise nearly $27 million through a second-step conversion.

The Connecticut company was an early adopter of branch modernization, starting an effort four years ago that has led to the closure of underperforming locations, enhanced digital offerings and use of universal bankers.

First Interstate BancSystem, in Billings, Mont., will appeal a Montana state court jury's verdict that the company pay about $17 million in compensatory and punitive damages from a dispute with a former customer.

WASHINGTON — CUNA paid former President and CEO Bill Cheney more than $1.3 million in total compensation in 2013, according to IRS form 990 released by the trade association.

Four Oaks Fincorp in Four Oaks, N.C., has raised $24 million through a rights offering.

Stephen E. Dowd, the chief financial officer of CMS Bancorp in White Plains, N.Y., has died. The $273 million-asset company announced Dowd’s “unexpected passing” in a press release on Friday.

An investor has filed a lawsuit to block the merger deal between the two First Citizens banks in the Carolinas, which are controlled by the Holding family. The case could turn on whether the directors on the special committees that reviewed the deal were truly independent of the Holdings.