Paul Davis

Sometimes boards have to police their own, as an insider-trading case involving a Pinnacle Financial director shows. The risks are especially high when banks enter confidential merger talks.

Middleburg Financial in Middleburg, Va., is facing pressure from its biggest shareholder to find a buyer.

Summit State Bank in Santa Rosa, Calif., has a new chief executive.

Severn Bancorp in Annapolis, Md., has agreements in place to raise $11 million through a private placement of common stock.

First Horizon National in Memphis, Tenn., reported improved quarterly earnings that reflected higher revenue.

Beneficial Bancorp in Philadelphia is planning to eliminate 11% of its workforce over the next three months.

West Shore Bank Corp. in Ludington, Mich., has agreed to buy West Michigan Bank & Trust in Frankfort.

Financial Institutions in Warsaw, N.Y., has offered an olive branch to resolve a proxy battle with an activist investor.

Hampton Roads Bankshares in Virginia Beach juggled a search for a new chief executive while also arranging for its eventual merger with Xenith Bankshares in Richmond, Va.

LAS VEGAS – Office of the Comptroller of the Currency chief Thomas Curry said Thursday that banks have reached a do-or-die moment and it is up to them to keep up and outinnovate nonbank rivals.