Codorus Valley Bancorp in York, Pa., which has been facing pressure from an activist investor, has shaken up a number of board positions and adopted a majority voting standard. The $2.3 billion-asset parent of PeoplesBank said in a press release Monday that Keith Cenekofsky would join its board, succeeding Larry Miller on Jan. 1. Cenekofsky, an accountant who is on PeoplesBank’s board, will join the audit committee. Miller, the company’s chairman,

The Federal Reserve Board has paved the way for several large bank mergers to close. The Fed said in a series of press releases Friday that it had approved applications by First Citzens BancShares to buy CIT Group, Webster Financial to buy Sterling Bancorp and WSFS Financial to acquire Bryn Mawr Bank. First Citizens announced plans to by CIT last year. It had planned to complete the $2.2 billion acquisition in the

Coastal Financial in Everett, Wash., plans to raise up to $34.5 million by selling common stock. The $2.5 billion-asset company said in a press release that it plans to sell at least $30 million of stock, with an overallotment that could bring in another $4.5 million. The company said it plans to use the net proceeds for a variety of purposes, including investment opportunities and its bank’s growth. Keefe, Bruyette & Woods

Regions Financial in Birmingham, Ala., has agreed to buy Clearsight Advisors, a McLean, Va., M&A advisory firm focused on technology firms. The $156 billion-asset Regions said in a press release Friday that Clearsight also works with industries such as professional services, data and information services and digital and technology-enabled services. The deal is expected to close by the end of this year. Regions did not disclose the price it will pay. Regions said

Avadian Credit Union in Huntsville, Ala., has agreed to buy Citizens State Bank in Vernon, Ala. The $1.1 billion-asset Avadian entered into a purchase and assumption agreement with Citizens Southern Bancshares, the parent of the $85.4 million-asset Citizens State, according to an announcement by Olsen Palmer, which represented the seller. The price of the all-cash deal was not disclosed. The deal is expected to close in the third quarter.

Silvergate Capital in La Jolla, Calif., and EJF Capital in Arlington, Va., have launched a joint investment vehicle that will focus on early stage fintechs. The $12.8 billion-asset Silvergate said in a press release Thursday that the EJF Silvergate Ventures Fund will also invest in digital currencies, payments and banking and specialty finance technology.The companies did not disclose the financial aspects of the partnership. EJF’s “investment strategy and financial services industry

Customers Bancorp in West Reading, Pa., is introducing a new website and logo to support its efforts to become a more fintech-focused financial institution. The $19.1 billion-asset company said in a press release Thursday that the move also reflects a push to offer more products and services nationwide. Customers already has national exposure after making $10 billion of Paycheck Protection Program loans and launching a blockchain-based real-time payments platform for cryptocurrency and

The Federal Deposit Insurance Corp. has given conditional approval to a bank planned in Moultrie, Ga. The agency is requiring the organizers of Moultrie Bank & Trust to raise $20 million before opening, according to the Dec. 13 order. Organizers applied for deposit insurance in July. A consultant for the group said at that time that Donna Lott would serve as the bank’s CEO, while Collin Batchelor would be the