Canadian Imperial Bank of Commerce (CM) has agreed to buy MFS McLean Budden's private-wealth business.

MetLife, the insurer seeking an exit from banking to limit U.S. regulation, was penalized $3.2 million by the Federal Reserve for lapses tied to the servicing of loans and handling of foreclosures.

Hampton Roads Bankshares (HMPR) is on the verge of a $45 million rights offering, the second phase of the Norfolk, Va., company's $95 million capital-raising effort.

Citigroup may take a charge of almost $6 billion this quarter as it writes down the value of the Morgan Stanley Smith Barney venture, said Jason Goldberg, a Barclays analyst.

A breakdown of M&A announcements for the week ended August 4.

BNC Bancorp (BNCN) has readied itself in case the Treasury Department opts to include the High Point, N.C., company's shares in an upcoming auction of securities tied to the Troubled Asset Relief Program.

Knight Capital Group Inc.'s search for investors in the wake of a $440 million loss demonstrates why the biggest Wall Street banks shouldn't be broken up, according to Brad Hintz, a Sanford C. Bernstein & Co. analyst.

Eagle Bancorp (EGBN) in Bethesda, Md., has filed a new shelf registration that would allow it to raise up to $125 million.

Low prices and growth opportunities are luring mid-cap buyers from neighboring states to the failure-ravaged Southeast.

A small Kansas bank will significantly increase its assets with a deal for an even smaller Missouri bank.

First PacTrust Bancorp (BANC) suffered some growing pains in the second quarter on higher noninterest expenses.

Debt buyer Encore Capital Group Inc. on Friday reported gross collections from the portfolio purchasing and recovery business in the second quarter ended June 30 reached $240.6 million, a 23% jump over the $195.1 million in the year-ago period.

Investors get paid when a bank is sold. So do the people that run it. Mergers trigger golden parachutes that are usually worth three times a chief executive's salary. CEOs can liquidate equity stakes they have in their banks, or roll them over into the buyer, too. Here's a rundown of CEO pay in some major deals of the first half. (Source: Proxy statements, the companies)Related Articles: CEO Pay Booms in a Year When Stocks Are a Bust, Top Heavy: CEO Pay to Total Payroll Expenses(Image: Thinkstock)

A private-equity firm has plans to acquire a large stake in TriState Capital Holdings, a Pittsburgh company cofounded by a former state regulator.

First California CEO C.G. Kum has already received a hostile offer from PacWest's Matt Wagner, and other bidders — including U.S. Bancorp, Umpqua and City National — could join the fray.

It took more than a year for First PacTrust, which was new to the M&A game, to get banking regulators to approve its deal for Gateway Bancorp. The deal is scheduled to close in two weeks.

City Holding of West Virginia is buying Community Financial, which had a 120% loan-to-deposit ratio at March 31. The deal allows City Holding solve an issue plaguing many community banks: how to find loans to offset record deposit growth.

Citizens Republic Bancorp Inc. (CRBC), the Michigan lender that has yet to repay a $300 million U.S. government bailout, is soliciting takeover bids from competitors, said three people with knowledge of the matter.

CertusBank has agreed to buy Myers Park Mortgage, a private mortgage company in Charlotte, N.C.

City Holding in Cross Lanes, W.Va., continues to bulk up in Virginia, announcing late Thursday that it is buying Community Financial in Staunton for $26.1 million in stock.