Trustmark said late Wednesday that it will pay $22 million for the $247 million-asset Bay Bank, representing about 85% of the seller's tangible book value at Sept. 30.

Getco LLC on Wednesday said it plans to expand its New York Stock Exchange floor-trading business as part of a long-range plan by the Chicago-based trading firm to build a client base of issuers and financial institutions.

NASHVILLE, Tenn. — Members of Volunteer Corporate CU approved the combination with West Virginia Corporate FCU to create a $1.5 billion corporate, one of six pending corporate marriages.

Weak community banks will have to give in and start selling in greater numbers next year, two executives of acquisitive banks predict.

Porter Bancorp Inc.'s largest outside shareholder says that the Louisville, Ky., company continues understate its level of problem loans despite its recent claims that its allowance for loan losses is sufficient.

The aggressive Massachusetts bank shows there are multiple ways to grow, including acquisitions of banks and talent.

A Maryland bank is planning a $5 million initial public offering, while a Massachusetts mutual holding company is looking to take the second step in its conversion to become fully public.

Eagle CEO Ron Paul discusses his bank's growth strategy after terminating a planned acquisition of Alliance Bankshares.

The Federal Reserve Board has approved the sale of Home State Bancshares Inc. in McPherson, Kan., to Goering Management Co.

By purchasing Bonneville Bank, prepaid company Green Dot will be putting itself under the scrutiny of traditional banking regulators. But it may escape increased oversight from the Consumer Financial Protection Bureau.

Denial, community pressures and pricing issues are some of the reasons more banks aren't selling. That cannot last forever, a roundtable of analysts told American Banker.

PNC Financial Services will not need to issue additional shares of common stock to complete its $3.45 billion acquisition of RBC Bank USA, the Federal Reserve Board said.

The companies said in a press release Monday that "irreconcilable differences of opinion regarding a number of matters" had developed and, as such, the boards had decided to terminate their agreement.

Hedge fund Hildene Capital fights carve-out agreement, arguing that if BankAtlantic wants to sell most of its assets, the buyer has to assume its debt.

Toronto-Dominion's U.S. bank is slowly carving out a wider wedge of the tumultuous market for retailers' credit cards.

Taylor Capital Group Inc. in Chicago is looking to add up to $72 million in common equity that it says would strengthen its capital position and give it the flexibility to pursue growth opportunities.

Nara Bancorp and Center Financial Corp. will operate under the name BBCN Bank with a new corporate logo after the merger of the two companies is completed.

Coming off its 13th consecutive quarterly loss and struggling to meet capital requirements set by regulators, Atlantic Coast Financial Corp. in Jacksonville, Fla., is considering selling itself to another bank.

Atlantic Coast Financial Corp. said it will explore strategic options, including a potential business combination, after it didn't meet minimum capital requirements and has posted four straight quarters of losses.

Bank of New York Mellon Corp. agreed to acquire Penson Worldwide Inc.'s Australian clearing-services unit.