Retail & Commercial

High-profile investor Jay Sidhu says he still plans to vote against the sale of Atlantic Coast in Jacksonville even though Bond Street has agreed to pay shareholders $5 a share up front, instead of withholding $2 a share for a year to cover litigation costs.

Monarch Financial Holdings (MNRK) in Chesapeake, Va., has made five executive promotions, including the appointment of a new chief credit officer

ZooZ, an Israel-based mobile payment company, has secured $2 million in a Series A financing round from supporters XSeed Capital, Lool Ventures and Rhodium. The company's funding now stands at $3.5 million.

Total System Services Inc. is adopting a new infrastructure for card issuing, updating its existing "black box" to allow issuers to more quickly launch new products and services and provide a single view of consumers across multiple relationships.

U.S. Bancorp Investments, the brokerage affiliate of U.S. Bank, is reaping the benefits of a major makeover that began soon after William Benjamin joined the firm as its CEO almost five years ago.

BankUnited (BKU) in Miami Lakes, Fla., reported solid growth in interest income as it began its expansion into the New York City market.

A number of community banks reported higher noninterest expenses in the first quarter as they sought out ways to book more loans and charge more fees.

Wage costs offshore are on the rise. Local talent is available in abundance and the growing popularity of digital channels has created ample cost-reduction opportunities at home.

Bank of Marin Bancorp in Novato, Calif., is looking for a chief financial officer.

Jacksonville Bancorp (JAXB) in Florida has made Donald Glisson its chairman.