Americas

Beneficial Mutual Bancorp in Philadelphia, which dates back to 1853, is the latest old-school mutual thrift to announce plans for a second-step conversion to a fully public stockholder company.

C1 Financial, a $1.4 billion-asset company in St. Petersburg, Fla., raised $45 million today from its initial public offering.

FERGUSON, Mo. — All around Alliance Credit Union's office here, businesses have broken windows, knocked-down doors, and one has even been burned to the ground amid the riots that have followed the deadly shooting of a local young black man by a white police officer.

MADISON, Wis. — CUNA Mutual Group is expanding its credit union member-facing insurance options through an alliance with private health insurance marketplace GoHealthInsurance, which will allow CUs to market health insurance directly to members.

Nearly six months after some CertusBank investors demanded a total management overhaul, the Greenville, S.C., company elected six new board members at an annual meeting last week. Yet investors remain very concerned about the company's ongoing losses and capital levels, new Chairman John Poelker says.

NEW YORK — The U.S. payments system's march toward EMV is gaining steam, according to the Payments Security Task Force.

CenterState Banks in Davenport, Fla., plans to close additional branches from a recent acquisition.

The U.S. Treasury Department said it will cut its stake in Ally Financial Inc. (ALLY) by selling stock on the open market in its first divestiture since an initial public offering in April.

First Citizens BancShares in Raleigh, N.C., has appointed Blake Coules chief risk officer.

Customers Bank in Wyomissing, Pa., has announced three new appointments to executive positions, including one to the newly created role of Small Business Administration national director.