Paul Davis

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.