Orrstown Financial Services in Shippensburg, Pa., has hired three former rivals from Metro Bank in Harrisburg: Adam Metz, Andrew Johnson and Doug Hummer.

Colony Bankcorp in Fitzgerald, Ga., has redeemed $3.6 million in perpetual preferred stock associated with the Troubled Asset Relief Program.

A rising number of banks are looking to become community development financial institutions, emboldened by low-cost capital and an exemption from the ability-to-repay rule.

Captex Bancshares, which has been created by George Lea and Michael Thomas Jr., has an agreement to buy the $165 million-asset parent of First National Bank of Trenton. Captex did not disclose how much it would pay for the acquisition, which is expected to close in the first quarter.

The large marketplace lender is turning to everyday savers as it seeks to bounce back from a damaging scandal.

TIAA will promote one of its own to chair its expanded bank after it buys EverBank Financial in Jacksonville, Fla.

CIT Group's likely sale of its aircraft unit would reduce it to just above the threshold for systemically important financial institutions. Some analysts and investors want CEO Ellen Alemany to downsize the commercial lender further.

Opus Bank in Irvine, Calf., has given more responsibilities to its head of capital markets.

Under pressure from regulators and consumer advocates, brick-and-mortar banks are now offering overdraft-free accounts. But online-only and community banks still have them beat as the type and number of fees associated with big-bank checking have multiplied.

The Federal Deposit Insurance Corp.’s recent statements encouraging new bank applications are promising, but some barriers to new charters may remain inside the FDIC and we are still waiting for the first de novo of 2016.

AltaPacific Bancorp in Santa Rosa, Calif., has agreed to buy Commerce Bank of Temecula Valley in Murrieta, Calif.

Rajinder P. Singh said he deliberated awhile before deciding he’s game for the challenge of succeeding John Kanas, and he sought to reassure any investors who had expected Kanas wouldn’t go without selling the bank.

The executive who sold North Fork to Capital One for billions of dollars and later revived BankUnited discusses his plans, and reflects on a long career, now that he is retiring as BankUnited's CEO.

The $29 billion-asset company said in a regulatory filing Thursday that the "needs to improve" rating will likely restrict its ability to make acquisitions and open branches.

Suncrest Bank in Visalia, Calif., has agreed to buy Security First Bank in Fresno for $18 million in cash and stock.

Anchor Bancorp in Lacey, Wash., has agreed to name a new board member in exchange for a truce with an activist investor.

CommunityOne Bancorp in Charlotte, N.C., has scheduled its annual meeting as it waits for regulators to sign off on its sale to Capital Bank Financial in Coral Gables, Fla.

The inconsistency between what millennials say on surveys and their actual behavior should make bank marketers skeptical about building programs around such research.

United Roosevelt Savings Bank in Carteret, N.J., has agreed to buy Wawel Financial Services in Garfield, N.J.

The suggestion that any area has too many local institutions dismisses the importance of community banks and overlooks the dangerous effects of consolidation.