Nicolet Bankshares said its lagging stock price would complicate efforts to complete its planned purchase of Commerce Financial.

The Pittsburgh company’s sale of its stake in the asset manager yielded billions of dollars that could cushion the pandemic’s economic blow and eventually help fund a big acquisition.

Complaints to the CFPB hit an all-time high, with mortgage servicers getting much of the fire; Frank Bisignano details his priorities as Fiserv’s new CEO; lenders worry they could be stuck with billions in Paycheck Protection Program loans; and more from this week’s most-read stories.

The Covid-19 pandemic has decimated the world’s travel industry and fatally crippled a deal calling for the Carlyle Group Inc. and Singapore sovereign-wealth fund GIC Pte to buy 20% of American Express Global Business Travel, according to unsealed lawsuits.

The regional wants to “play offense” with the proceeds of its $17 billion BlackRock stake; shares of some bank shares jumped 6% Thursday but remain well behind the rest of the market.

The Iowa company said Brent Giles, who was CEO of a bank that was recently sold, will run its Wisconsin Bank & Trust.

The merger between the two Corpus Christi, Texas-based institutions is expected to close this summer.

More write-downs seem inevitable as the coronavirus outbreak wreaks havoc on the economy and bank stocks.

Suncoast Credit Union and Apollo Bank said the pandemic complicated their efforts to secure regulatory approval.

Suncoast Credit Union and Apollo Bank have called off their plans to merge.