Americas

Alerus Financial (ALRS) in Grand Forks, N.D., has acquired Private Bancorp. in Minneapolis for $15.9 million in cash and other considerations.

PEKIN, Ill. — Charles Juska, the former head of Tazewell County School Employees Credit Union, is accused of misapplying more than a half-million dollars of the CU's assets.

Wells Fargo & Co., the world's most valuable bank, said profit increased 3.8 percent on lower costs even as the lender snapped a 17-quarter streak of rising per- share earnings.

OFG Bancorp (OFG) in San Juan, Puerto Rico, added two members to its executive team.

Discover President Roger Hochschild, testifying at a government antitrust trial of American Express in federal court in Brooklyn, N.Y., said his company tried to offer low interchange rates in the late 1990s and then gave up because bigger, higher-cost rivals had too much market power.

WASHINGTON — Checking account interest rates — and fees — are rising, according to a new report from WalletHub.

Home Federal Bancorp of Louisiana (HFBL) in Shreveport, La., has hired a new chief financial officer.

Cadence Bancorp in Houston has raised $245 million in an oversubscribed debt issuance.

Protiviti in Menlo Park, Calif. has developed a new module companies can use to develop and manage an anti-corruption program that aids compliance with the U.S. Foreign Corrupt Practices Act and other anti-corruption laws.

VSB Bancorp (VSBN) in Staten Island, N.Y., reported higher quarterly profit on lower expenses and higher-yielding securities investments.