Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.

The complexity for large banks trying to improve culture is they are made up of different entities with competing missions and therefore competing cultures.

Sterling Bancorp in Montebello, N.Y., is planning to raise up to $81 million through a stock offering.

LendingTree has agreed to pay up to $130 million to acquire the credit card shopping site CompareCards.

Franklin Financial Network in Franklin, Tenn., is raising capital after being flagged by regulators for its exposure to commercial real estate.

PacWest Bancorp in Los Angeles has agreed to sell four properties in California to a real estate firm.

SouthCrest Financial Group in Woodstock, Ga., has agreed to sell its only Alabama branches to Guardian Credit Union in Montgomery, Ala.

MainStreet Bancshares in Fairfax, Va., has hired a veteran Virginia banker as its president.

The Farm Service Agency and the Small Business Administration seem to be taking longer to approve guarantees for loans to facilities that house livestock, creating another headache for bankers.

The global conglomerate Koch Industries plans to invest $2 billion in Infor, an enterprise software provider for various industries including financial services.

Franklin Financial Network in Franklin, Tenn., has filed plans to raise up to $62 million in a common stock offering.

Glacier Bancorp in Kalispell, Mont., will enter Arizona after buying TFB Bancorp in Yuma.

Little Bank in Kinston, N.C., has agreed to buy its first bank. It will pay $30.7 million, or $11.94 a share, for the $298 million-asset Union Banc in Oxford, N.C.

First Republic Bank in San Francisco is looking to raise $287 million from a secondary offering.

It's the beginning of the end for major job cuts at U.S. banks, according to Challenger, Gray & Christmas Inc., a firm that advises many of them on workplace reductions.

KeyCorp integrated First Niagara just a couple of months after the deal closed. CIO Amy Brady says coordination between business leaders and the tech team paved the way.

The Trump transition team is said to have recommended that Steven Mnuchin be nominated Treasury secretary. A Goldman Sachs alum, he is known as a successful change agent for his roles in the transformation of the failed IndyMac into OneWest and the revamping of CIT, but some community reinvestment advocates remain critical of him.

The same incentives structure that encouraged bad behavior at the bank can be blamed for ethical mishaps in other industries as well as the government.

Trustmark in Jackson, Miss., has agreed to buy RB Bancorp. in Athens, Ala.

T Acquisition, an entity formed by A. Haag Sherman and the partners of Cain Watters & Associates, has agreed to buy the $207 million-asset parent of T Bank for $40.5 million, based on the seller's number of shares outstanding at Sept. 30.