Chicago Treasurer Kurt Summers plans to divest $25 million the city has invested with Wells Fargo after the company admitted to opening potentially millions of bogus client accounts, joining state officials who have pulled business from the bank because of the scandal.

First Merchants Corp. recently agreed to buy a minority stake in a bank in an attractive market. The move could allow the company to obtain intel while gaining an edge should the other bank decide to sell.

Meta Financial in Sioux Falls, S.D., has agreed to buy most of the assets and liabilities for a company that handles transactions for tax preparers.

First Commonwealth Financial in Indiana, Pa., has agreed to buy DCB Financial in Lewis Center, Ohio, for $106 million in cash and stock.

Julie Stackhouse, head of supervision at the Federal Reserve Bank of St. Louis, discusses the insights that resonated at the regulator's recent community banking conference — some encouraging for the future of small financial institutions, others less so.

Shiv Govindan at Pilgrims & Indians Capital has kept a relatively low profile as a bank investor. But two key board appointments at struggling community banks promise to make him a more visible player in the industry.

Scottrade Financial Services, an online brokerage services company whose holdings include the $16 billion-asset Scottrade Bank, is working with an adviser to explore a sale, according to people familiar with the matter.

Revere Bank in Laurel, Md., has raised $31 million in a subordinated debt offering that it plans to use for M&A and other purposes.

Granite Bank in Portsmouth, N.H., has acquired Cousins Home Lending.

Riverview Bancorp in Vancouver, Wash., has agreed to buy certain assets and liabilities of MBank in Gresham, Ore.

Kim Kaselionis saw a lot of small-business-loan applications die on her desk when she was a bank chief, so she started a crowdfunding firm to nurse along startups till they were bankable. That's where Fresno First comes in.

First Internet Bancorp in Fishers, Ind., has issued $25 million in subordinated debt and intends to use the proceeds to support its rapid growth and perhaps for future acquisitions.

ST. LOUIS – Risk management is critical as small banks aim to make money in a low-rate environment.

The Wells Fargo cross-selling controversy has raised questions about its well-telegraphed succession plan. Tim Sloan, the company's president, has been the heir apparent, but his longtime association with Wells could be a problem if investors or regulators push for an outsider to overhaul the corporate culture.

Deutsche Bank AG rebounded from a record low after the German lender agreed to sell its U.K. insurance business for 935 million pounds ($1.2 billion), and Chief Executive Officer John Cryan ruled out a capital raise.

Bank of Southern California in San Diego has agreed to sell $7 million of its common stock to the asset management firm Castle Creek Capital.

The $13 billion-asset company, formed by the merger of BBCN Bancorp and Wilshire Bancorp, said in a press release Monday that it will close 12 branches in southern California, New York and New Jersey as part of a broader cost-cutting effort.

First Merchants Corp. in Muncie, Ind., has agreed to buy a minority stake in Independent Alliance Banks in Fort Wayne, Ind.

Technology? Bankers can keep up. New regulations? We've got people to handle that. But how to account for the flight of customers, prospective employees and economic opportunities from rural areas is perhaps the biggest challenge facing community lenders and policymakers, warns a longtime Oklahoma banker.

Park National in Newark, Ohio, has agreed to pay $500,000 to settle Securities and Exchange Commission allegations that its loan-loss accounting underplayed credit problems at a troubled acquisition.