Paul Davis

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.

Steven Retzloff, the company's president, will succeed George Martinez in January.

Louisa Community Bank and Resolute Bank were closed on Friday, raising the year's total to three failures.

The New York company will enter Suffolk County after it buys Empire Bancorp.

Executives say they are passing on more loans as bank and nonbank competitors cut rates and forgo traditional safeguards.

The Tennessee company has agreed to buy First Advantage, which specializes in financing manufactured housing purchases.

Centreville Bank will pay $116 million in cash for PB Bancorp.

The company agreed to buy Steuben Trust for $107 million.

The $32 million merger will create a bank with nearly $1 billion in assets.

Complaints that banks, credit unions and nonbanks compete on an uneven playing field should be heard, just as community banks must take seriously the threats from high-tech rivals, says Julie Stackhouse, a retiring supervision official at the St. Louis Fed.

The companies say they're working hard to complete their deal this year — including spending millions on retention payments and other items — but there's no guarantee how quickly regulators will make their decisions.