PNC Financial Services Group in Pittsburgh may have to pay $390 million, including $35.5 million in punitive damages, for the role an acquisition had allegedly played in a major fraud scheme.

McKenzie Banking in McKenzie, Tenn., has agreed to buy Farmers Bank in Woodland Mills, Tenn.

Western Alliance Bancorp. in Phoenix has agreed to buy Bridge Capital Holdings in San Jose, Calif.

A breakdown of M&A announcements in the financial services industry for the week ended March 7.

Joseph Stilwell hopes a fourth challenge against Harvard Illinois Bancorp is successful.

CertusHoldings in Greenville, S.C., has agreed to sell its small business finance unit to BankUnited in Miami Lakes, Fla.

Veritex Holdings in Dallas has agreed to buy IBT Bancorp in Irving, Texas.

Banc of California in Irvine got a shot in the arm from its acquisition of 20 Popular Community Bank branches in the fourth quarter.

Two activist groups are urging the Fed and OCC to investigate whether OneWest used donations and other sweeteners to buy community support for its sale to CIT.

PrivateBancorp, despite having one of banking's most rate-sensitive loan books, has grown earnings by relying on fee diversification and new specialty lines. CEO Larry Richman discusses the growth strategy and what he expects when rates do finally rise.

The company began to seriously consider its options when Bank of America agreed to sell nearly two dozen Michigan branches in early 2013. Chemical Financial eventually agreed to buy Lake Michigan for $184 million.

EagleBank in Bethesda, Md., priced a secondary offering of close to 2.5 million shares of common stock at $35.50 per share on Thursday.

Banco Popular got the most press for agreeing to buy the failed Doral Bank. But the deal also revealed one surprise winner, First BanCorp, while another institution, OFG Bancorp, was shut out of the process.

FCB Financial Holdings in Weston, Fla., has terminated its loss-share agreements with the Federal Deposit Insurance Corp.

Citigroup reached a deal to issue most of its global consumer credit and debit cards on MasterCard's network.

A recent CFPB enforcement action shows that lenders must not only avoid misleading statements, but anything in connection with their advertising that may have the likelihood of significantly confusing consumers.

Triumph Bancorp in Dallas has purchased several entities that the Federal Deposit Insurance Corp. retained after the failure of Doral Financial in Puerto Rico.

ING Groep NV, the biggest Dutch bank, said it will end an investment in its former U.S. insurance unit, Voya Financial Inc., by selling 45.6 million shares.

HomeTrust Bancshares created a special call center and encouraged tellers to invite ATM customers inside the branches to answer questions and to differentiate the company from Bank of America in terms of fees.

Trade-based money laundering happens outside the financial system. But it can still create major issues for banks because criminals typically deposit their profits in bank accounts.