Paul Davis

The Soboba Band of Luiseño Indians plans to form a holding company and raise $25 million for Legacy Bank.

The FDIC is pursuing the penalty five years after hitting the Delaware company with a consent order tied to BSA and AML compliance.

The issue, tied to how the company reconciles corporate accounts to its general ledger, is not expected to impact past financial statements.

A group has filed paperwork with the FDIC to form Legacy Bank in Temecula.

Dealmaking through early November is slightly ahead of last year's clip thanks to a recent flurry of merger announcements. However, excluding BB&T-SunTrust, values and multiples are shrinking.

BB&T and SunTrust had to sell the branches to get Justice Department approval of their merger, a key step toward closing the deal.

Scottsdale Community Bank's organizers took advantage of a state law letting them raise capital months before seeking deposit insurance.

The veteran banker succeeded Randy Sims, who recently retired. Sims had been the Arkansas company's CEO since replacing Allison in 2009.

More details have surfaced about Interactive Brokers' planned bank. It would accept deposits and originate loans through an online channel only, its application says.

The Maryland company agreed to acquire Rembert Pendleton Jackson, which has $1.3 billion in assets under management.

A group affiliated with Interactive Brokers Group has filed an application with the FDIC to form Interactive Bank.

Tri County Financial will pay an undisclosed amount for H.F. Gehant Bancorp.

The California company agreed to pay $14 million in cash for a bank with $131 million in assets.

The proposed Verdigris Bank would rely heavily on technology, applicants say.

The deal will create a Southeastern regional with $75 billion in assets across 11 states.

The Phoenix company did not say why James Haught, who was also chief operating officer, left.

The Dallas company said it should be able to avoid restating past financial results. It also reported higher quarterly earnings helped by increased mortgage activity.

The Tennessee company, which was outbid in an effort to buy a North Carolina bank earlier this year, will pay $41 million for a branch network in the middle part of its home state.

The Pennsylvania company will pay $346 million for MutualFirst Financial.

The company will buy two suburban locations from North Shore Bank.