Summit Financial Group in Moorefield, W.Va., has agreed to buy Highland County Bankshares in Monterey, Va., for $21.8 million in cash. The deal is expected to close early in the third quarter.

Univest Corp. of Pennsylvania was negotiating to buy Fox Chase Bancorp when its stock plummeted in August. The decline prompted Fox Chase to seek other offers, while forcing Univest to adjust its proposal to prop up the deal value.

JPMorgan Chase will renew its commitment to support the Institute for Veterans and Military Families, an interdisciplinary national institute focused on the issues affecting military members after they leave the service that the bank co-founded with Syracuse University.

Goldsmith died Sunday of natural causes at his home in Beverly Hills, Calif., a City National spokeswoman said Monday.

First Federal Bank of Kansas City has agreed to a $2.8 million settlement with the Department of Housing and Urban Development to resolve allegations of redlining in African-American neighborhoods.

Comerica in Dallas is warning that its loan-loss provision this quarter will be larger than previously estimated because of falling oil prices.

Redwood Trust is "repositioning" its mortgage business by focusing mainly on jumbo loans, according to its top executives.

Citigroup said it agreed to buy American Express' stockpile of U.S. credit card loans made to shoppers of Costco Wholesale, as the fourth-largest U.S. bank takes over a card partnership with the retailer. Terms were not disclosed.

China Life Insurance, the nation's largest insurer, agreed to buy Citigroup's stake in China Guangfa Bank for $3 billion.

Buying and selling branches is routine for a lot of banks, but it's big news at First National Bank of Dwight in Illinois.

Texas has had a fair share of M&A since the financial crisis, but deal volume has declined since oil prices began to plummet in late 2014. Uncertainty over sellers' exposure and depressed stock prices for aspiring buyers are largely to blame.

The bank's approval last year to buy OneWest Bank included a condition to submit an updated Community Reinvestment Act plan, but the CRA program now being presented by CIT is far from adequate.

After the financial crisis led to a long nationwide drought in the creation of new banks, the second de novo bank application in less than a year has been submitted in California.

The company has linked compensation for its top 16 executives, along with several hundred other employees, to its ability to achieve certain cost savings. It has also been tracking its expense cutting on a monthly basis, executives said during a biennial investor day.

Preparing for the inevitable future credit crisis by setting aside more loss reserves is a step toward avoiding government bailouts.

Though bank analysts like Matthew Schultheis generally expect M&A activity to continue at a brisk pace for several years to come, stock market volatility could prove to be an issue for potential dealmakers in the near term.

County Bank, the holding company for the $324 million-asset Lapeer County Bank & Trust, said in a press release that it will pay $20 million, or $27 a share, in stock for the parent of the $245 million-asset CSB Bank.

Though bank analysts like Matthew Schultheis generally expect M&A activity to continue at a brisk pace for several years to come, stock market volatility could prove to be an issue for potential dealmakers in the near term. With a lower stock price, buyers may end up not being able to pay as much as sellers now expect, says Schultheis, who covers the financial services sector for Boenning & Scattergood. Here’s his outlook on bank M&A, including the number of deals he anticipates will happen this year and whether big banks might be among the buyers.

Kopernik Bank and Liberty Bank of Maryland, both mutual thrifts in Baltimore, have agreed to merge. No money would change hands given the mutual-ownership structures involved in the deal.

The private-banking prowess of newly acquired City National was the steadying influence Royal Bank of Canada needed amid global and domestic economic shocks in its latest quarter.