Retail & Commercial

Old Dominion National Bank has opened a new office in the northern Virginia suburbs of Washington and has hired five bankers to work there.

Old National Bancorp in Evansville, Ind., has agreed to pay for $79.1 million to buy 16 branches and other offices that it had been leasing.

More than 41% of banks have bought into hyperconvergence — a blend of integrated server, storage and networking technology that's easily managed by software — and there's no sign of its popularity letting up. PeoplesBank, a community bank in Massachusetts, is one of those that caught the bug.

The pending purchase of Carlile Bancshares will lower Independent's concentration in commercial real estate, while introducing the company to fast-growing markets in Texas and Colorado.

Shortage of appraisers in rural areas and compensation issue force lawyers to re-consider restrictions on communications between lenders and appraisers.

With access to financial transaction data under threat by hurdles imposed by certain financial institutions, it should be up to consumers to decide how their data is used to improve their financial well-being.

Sun Bancorp in Mount Laurel, N.J., the $2.1 billion-asset parent of Sun National Bank, said independent director Anthony Coscia will serve as chairman of both starting Dec. 31.

Johnson, 54, will succeed her father, Edward "Ned" Johnson, as chairman of the family-run firm in early December.

ACNB Corp. in Gettysburg, Pa., is planning to enter Maryland with its agreement to buy New Windsor Bancorp in Taneytown, Md.

Ally Financial in Detroit has agreed to pay $52 million to settle probes and claims related to its role as the underwriter for subprime residential mortgage-backed securities in 2006 and 2007.