Orrstown Financial in Shippensburg, Pa., has agreed to pay a $1 million to settle charges that it misled investors as it raised capital in the wake of the financial crisis.

City National Bank in Los Angeles has launched a national business to focus on the food and beverage industries.

Scottrade Financial Services, an online brokerage services company whose holdings include the $16 billion-asset Scottrade Bank, is working with an adviser to explore a sale, according to people familiar with the matter.

Revere Bank in Laurel, Md., has raised $31 million in a subordinated debt offering that it plans to use for M&A and other purposes.

Mercantile Bank Corp. in Grand Rapids, Mich., announced several promotions that underscore a heightened focus on loan growth.

Granite Bank in Portsmouth, N.H., has acquired Cousins Home Lending.

Riverview Bancorp in Vancouver, Wash., has agreed to buy certain assets and liabilities of MBank in Gresham, Ore.

It's time that financial institutions in America recognize the value that women can bring to the executive suite and boardroom.

A federal judge has silenced — at least temporarily — a whistleblower who brought charges of misconduct at the parent company of Bank of Internet USA in San Diego.

The $234 million-asset bank said in a recent press release that Thomas Duryea had succeeded its founder, Shirley Nelson.

Gary "Litefoot" Davis, a member of the Cherokee Nation in Oklahoma and a music and on-screen personality, was named executive director of the Native American Financial Services Association.

Kim Kaselionis saw a lot of small-business-loan applications die on her desk when she was a bank chief, so she started a crowdfunding firm to nurse along startups till they were bankable. That's where Fresno First comes in.

First Internet Bancorp in Fishers, Ind., has issued $25 million in subordinated debt and intends to use the proceeds to support its rapid growth and perhaps for future acquisitions.

ST. LOUIS – Risk management is critical as small banks aim to make money in a low-rate environment.

CU Bancorp in Los Angeles has agreed to a consent order to address deficiencies in its Bank Secrecy Act and anti-money laundering compliance program.

Bank of Southern California in San Diego has agreed to sell $7 million of its common stock to the asset management firm Castle Creek Capital.

The $13 billion-asset company, formed by the merger of BBCN Bancorp and Wilshire Bancorp, said in a press release Monday that it will close 12 branches in southern California, New York and New Jersey as part of a broader cost-cutting effort.

First Merchants Corp. in Muncie, Ind., has agreed to buy a minority stake in Independent Alliance Banks in Fort Wayne, Ind.

The investment bank's annual ranking of midcap all-stars includes 10 returning all-stars from 2015 and 11 newcomers.

Debbie Matz, a former chairman of the National Credit Union Administration, has joined the board of Mutual of Omaha Bank in Nebraska.