A private-equity backed North Carolina holding company is acquiring the remaining shares of VantageSouth Bank that it does not already own and merging the bank with its other subsidiary.

Sterne Agee Group Inc. in Birmingham, Ala., said Wednesday that it will buy Anderson & Strudwick Inc. in Richmond, Va.

With M&A and the economy at a standstill, bank executives will have a hard time explaining how they can grow when they report third-quarter results.

Patriot Financial has money to invest, but before community bank executives pick up the phone to request a meeting they should know what the private-equity firm wants and doesn't want.

Two major tech players have pushed further into the data security space with acquisitions announced on Tuesday.

Royal Bank of Scotland Group PLC and Blackstone Group remain in talks over the sale of a portfolio of the bank's U.K. commercial real estate loans even as funding for the deal proves more difficult than anticipated, people familiar with the situation said Wednesday.

According to new market share data released by the Federal Deposit Insurance Corp. Tuesday, banks and thrifts with $10 billion or more of assets controlled 72% of the nation's bank deposits at June 30, up from 70% at the same time last year and 68.5% in 2008.

Select Bank & Trust Co. in Greenville, N.C., said Tuesday it will acquire Gibsonville Community Bank from Bank of Atlanta.

Banks have had a hard time gaining much more business from "mass affluent" customers, who generally have between $50,000 and $1 million in investable assets. But now Bank of America Corp. and others are hoping to succeed where their rivals have stumbled.

Word that a banking pool had returned its money to investors prompted our assistant managing editor to take a second look at the state of banking. The answers are discomforting.

State Street Corp. said Tuesday that it had acquired Complementa Investment-Controlling AG, an analytics firm based in St. Gallen, Switzerland.

First Financial Holdings Inc. in Charleston, S.C., said Monday that it has completed its sale of its managing general insurance agency subsidiary to Burns & Wilcox Ltd. of Farmington Hills, Mich.

The ailing Central Progressive Bank in Lacombe, La., may have found its savior on the other side of Lake Pontchartrain.

Central Federal Corp. in Fairlawn, Ohio, is set to bring in a new chief executive and president after it raises up to $37.5 million.

Under orders from regulators to beef up its capital levels, Legacy Bank of Florida in Boca Raton has raised $2.8 million in new capital and has deals in place in to receive an additional $13.5 million.

The two Pennsylvania banks renegotiated part of their deal, to make it harder for Tower to back out of its sale to Susquehanna. It's another example of volatile stocks complicating bank M&A.

There are 7, 500 banks in this country. Of those, 6,800 have asset sizes of a billion dollars or less. This diversity enables our banking system to support the world's largest and most dynamic economy, and it is what sets us apart from other countries whose banking industries are highly concentrated. Prosperous, American-based global enterprises — which do business with America's largest banks — beget mid-size suppliers that are served by regional banks. Small businesses in this supply chain are in turn nurtured by community banks, which work to make Main Streets across America vibrant.

State Bank Financial has bought 10 failed banks since 2009, and CEO Joe Evans discusses his outlook for more deals. He also discusses challenges with loan demand, and the long-term outlook for his bank in its core markets of Atlanta and Macon, Ga.

Fundtech's withdrawal and the lack of a white knight force payments software company S1 to merge with a rival.

Private equity investor Wilbur Ross will zero in on Europe for big deals. Meanwhile, the U.S. banks he has invested in will be busy buying small banks in their regions, he says.