Alliance Bancorp Inc. of Pennsylvania (ALLB) in Broomall will face a proxy challenge from activist investor PL Capital.

First Merchants (FRME) in Muncie, Ind., has exited the Small Business Lending Fund.

ViewPoint Financial (VPFG) in Plano, Texas, has agreed to buy LegacyTexas Group in Plano.

The president and chief executive of Sun Bancorp (SNBC) in Vineland, N.J., is stepping down at the behest of the board.

A longtime chairman and chief executive at HomeTrust BancShares (HTBI) in Asheville, N.C., has retired.

The positive reaction to Independent Bank Group's $170 million agreement to buy BOH Holdings shows how precrisis M&A valuation methods are returning and that the industry is getting stronger.

Heartland Financial (HTLF) in Dubuque, Iowa, has purchased a bank of River Valley Bancorp in Davenport, Iowa.

Ed Grebow abruptly left the New York bank after just two years. The union-controlled bank, backed by private equity and stabilized by its departed CEO, wants a leader who can generate a return on investment.

DCB Financial (DCBF) in Lewis Center, Ohio, has been freed from a Federal Reserve Bank of Cleveland order.

Banc of California (BANC) in Irvine has filed documents that would allow it to offer up to $1 billion of securities.

WSFS Financial (WSFS) in Wilmington, Del., has agreed to buy First Wyoming Financial in Wyoming, Del.

Cardinal Bankshares (CDBK) in Floyd, Va., reported a steep quarterly loss as it continues to work through legacy credit losses.

First Community Financial Partners (FCMP) in Joliet, Ill., is now allowed to manage its capital without regulatory consent.

BBVA Compass in Birmingham, Ala., has taken the first step to becoming a registrant with the Securities and Exchange Commission.

The former president and chief executive of Bank of Choice in Greeley, Colo., will pay $65,000 to investors to settle charges he violated registration and anti-fraud provisions of the Colorado Securities Act.

Popular Community Bank plans to bring a financial literary program run by nonprofit Operation HOPE to its branches in Harlem and the Bronx.

First Internet Bancorp (INBK) in Indianapolis has increased the size of its previously announced public offering.

Pacific City Financial (PFCF) in Los Angeles redeemed more than half the preferred stock it issued to the Treasury Department under the Troubled Asset Relief Program.

Bank buyers should be taking notes about the problems with HealthCare.gov. A bad online integration of an acquisition could send new customers to the door, or worse: to Twitter.

After his cellphone number wound up online, PNC's chief executive says that he answers — and welcomes — some of the calls he gets from dissatisfied customers.