Americas

M&F Bank in Durham, N.C., has named James H. Sills III as its president and chief executive.

Centrue Financial in Ottawa, Ill., said Monday that it has agreed to sell $75 million of its common stock to the New York private-equity group Capital Z Partners.

A payday lending executive who New York prosecutors say violated the state's usury laws is set to be arraigned Tuesday in a Manhattan court.

LOMPOC, Calif. — Following a conversion from federal to state charter last month, the $750 million CoastHills Credit Union is expanding its services and field of membership to five contiguous Central Coast California counties to include Monterey, San Luis Obispo, Santa Barbara, Santa Cruz and Ventura.

Two Midwestern banking companies, First Midwest Bancorp in Illinois and First Federal of Northern Michigan Bancorp, have completed previously announced acquisitions.

Old National Bancorp in Evansville, Ind., is selling $150 million of unsecured senior notes to fund the cash portion of pending deals and to possibly support future acquisitions.

BREA, Calif. — Members of the $130 million South Western Federal Credit Union voted "overwhelmingly" in favor of merging into the $781 million Credit Union of Southern California, all but finalizing the union of the two CUs.

ALEXANDRIA, Va. — NCUA said Monday it will provide free consulting services to nearly 180 credit unions during the second half of the year.

The banking industry had its second most profitable quarter in 23 years in the April-June period, according to SNL Financial.

Paula Johannsen was the most-active financial adviser at midyear with six mergers under her belt. In a wide-ranging interview, she discusses Florida M&A, compliance delays and the reasoning behind mergers of equals.