Meta Financial Group in Sioux Falls, S.D., has agreed to buy Fort Knox Financial Services, a software firm that helps independent tax firms process refund transfers.

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Umpqua Holdings in Portland, Ore., reported higher second-quarter profit, citing lower merger costs and growth in residential real estate lending and equipment finance.

Citigroup's second-quarter profit got a modest boost from Citi Holdings, a unit set up six years ago as a dumping ground for toxic assets. After losing billions for years, Citi Holdings has now become a minor profit source for its parent.

Kelly King, who is close to closing BB&T s biggest acquisition to date, told analysts that he could look to add up to $20 billion in assets next year through acquisitions. Management also used a conference call to emphasize the ongoing importance of organic growth.

Bank executives never know what to expect when they face analysts. M&T's CFO may have been prepared for questions on the company’s long-delayed acquisition, but instead he got tougher question over a charitable donation.

The Cleveland company, which this spring said it had decided to start originating its own mortgage loans again, shared more details on the start date of this new effort and the rationale behind it.

BB&T in Winston-Salem, N.C., met Wall Street's earnings expectations after reporting revenue rose slightly. The company's second-quarter net income available to shareholders rose 7% from a year earlier, to $454 million. Revenue increased 1.3%, to $2.3 billion.

Goldman Sachs Group Inc.'s profit tumbled 49 percent as fixed-income trading revenue dropped more than its rivals and litigation expenses rose fivefold.

PacWest Bancorp, the parent of Pacific Western Bank in Los Angeles, reported earnings of $85.1 million in the second quarter, up 16% from the prior quarter.

Peoples Bancorp in Ohio wants to encourage cross-selling but limits the use of employee incentive payments to make it happen. Instead, Peoples is trying to build a corporate culture in which employees understand all of its products and want to help their colleagues sell them.

BancFirst in Oklahoma City has agreed to buy CSB Bancshares in Yukon, Okla.

BCB Bancorp has sold $2.4 million of preferred stock in a private placement.

Citigroup has agreed to sell its retail and commercial banking businesses in Panama and Costa Rica to Canada's Scotiabank.

Banks better get ready for a quick, steep increase in deposit costs after the Fed raises rates. Technology, new regulations and other factors have changed the slower-paced retail-banking game of old, JPMorgan Chase executives say.

Signature Bank in New York has partnered with Financial Software Solutions to expand the products and services that it offers bankruptcy trustees.

Regions Financial in Birmingham, Ala., said in a press release that it had absorbed Ronald F. Holehouse Agency and its team of agents. Regions did not disclose how much it paid for the insurance agency’s client accounts.

A breakdown of M&A announcements in the financial services industry for the week ended July 11

Prairie Community Bank in Marengo, Ill., has raised $2.48 million in a private placement of its preferred stock.

Sunshine Financial in Tallahassee, Fla., has asked for permission to switch to a state bank charter from a federal thrift charter.