Bud Foshee, the chief financial officer of ServisFirst in Birmingham, Ala., discusses the bank's recent IPO, its growth strategy and how it gets the best of larger banks.

Berkshire Hills Bancorp (BHLB) in Pittsfield, Mass., has named William J. Ryan as its new chairman and said that its lead independent director, Lawrence Bossidy, is retiring from its board.

LendingClub Corp., the largest U.S. peer-to-peer lender, is planning an initial public offering in the second half of the year and may raise about $500 million, people with knowledge of the matter said.

United Community Banks (UCBI) in Blairsville, Ga., has acquired Business Carolina, a commercial lender in Columbia, S.C.

KPMG Corporate Finance has acquired the assets of Denver investment bank St. Charles Capital.

MidFirst Bank in Oklahoma City said Thursday that it will purchase Steele Street Bank & Trust in Denver, Colo.

Metro Bancorp, once an aspiring acquirer, is fielding complaints from a trio of investment firms that believe management is incapable of meaningfully improving the company's performance.

BancorpSouth (BXS) in Tupelo, Miss., has named a new president as part of a broader redesign of its management structure by Chief Executive Dan Rollins.

Simmons First National (SFNC) in Pine Bluff, Ark., must sell one branch as part of its acquisition of Delta Trust & Banking in Little Rock, Ark.

CIT Bank has agreed to buy Direct Capital in Portsmouth, N.H., in an effort to expand in lending to small and midsize businesses.

City National Bank in Los Angeles has agreed to sell its retirement services business to OneAmerica, an insurance and asset management firm.

First Citizens BancShares (FCNCA) in Raleigh, N.C., has decided on the management team that will run the company after it buys First Citizens Bancorp. in Columbia, S.C.

Spencer Savings Bank in Elmwood Park, N.J., has agreed to buy the banking operations of New Jersey Manufacturers Insurance.

State Bank Financial is in no rush to extract costs from Georgia-Carolina Bancshares, preferring instead to take its time in an effort to retain the best employees and clients.

People's United Bank in Bridgeport, Conn., expects to raise $400 million through an offering of subordinated debt.

Green Bancorp in Houston has filed to raise $100 million by going public. The company said in its filing that it plans to use $8 million of the IPO's net proceeds to partially pay for its pending $46 million acquisition of SP Bancorp in Plano, Texas.

State Bank Financial (STBZ) in Atlanta has agreed to buy Georgia-Carolina Bancshares (GECR) in Augusta, Ga. The $2.6 billion-asset State Bank will pay about $82 million, or $22.35 a share, in cash and stock.

Umpqua Holdings (UMPQ) in Portland, Ore., will close 27 branches by the end of this year as part of its integration of Sterling Financial in Spokane, Wash.

A breakdown of M&A announcements in the financial services industry for the week ended June 21.

First it was Brazil and Greece. Now add Spain to the list of countries where Citigroup (NYSE: C) is unloading consumer banking operations.