Sellers will say rising rates makes them more valuable. Buyers will say the same trend makes sellers less valuable. Add this impasse to the list of complications for bank M&A.

The $7.2 billion-asset company auctioned $34.6 million in senior notes, it announced Monday. The notes carry an interest rate of 6%.

The chief executive of First Community Bancshares (FCBC) in Bluefield, Va., plans to step down.

The $345 million-asset Broadway lost $228,000 in the second quarter, it announced Monday. It earned $1.7 million in the second quarter of 2012, when it recorded a $2.5 million profit from the sale of its former headquarters.

Anchor BanCorp Wisconsin (ACBW) in Madison has filed for bankruptcy in a bid to restructure its debt and recapitalize its struggling bank.

A breakdown of M&A announcements in the financial services industry for the week ended August 10.

The Spokane, Wash., bank could not rename its two retail operations in California "Sterling" because of legal matters, so executives turned to their French-English dictionary for a unique substitute: "Argent."

Determined to stay independent, Allegiance Bancshares is looking for more deals like its recent one with Independence Bank so it can get big enough to go public. Other Texas banks could be attracted by the chance to join a soon-to-be public company.

Canadian Imperial Bank of Commerce is in talks to sell about half its Aerogold credit-card portfolio to Toronto-Dominion Bank, the lender that's taking over as the main card partner for Aimia's rewards program.

Bank of Wausau was shut down by Wisconsin regulators Friday.

Roma Financial (ROMA) in Robbinsville, N.J., swung to a loss in the second quarter thanks to a check-kiting scheme.

Deal activity was hottest in the Southeast and Midwest, Stifel and KBW moved up in the advisory rankings after combining forces and a BankThink point-counterpoint addresses the taboo subject of whether bank mergers are worth doing.

Prosperity Bancshares is finding that its recent deals — which allowed the Houston company to expand in highly coveted businesses such as private banking and cards — are producing a nice boost to fee income.