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Southwest Bancorp in Stillwater, Okla., has redeemed a series of trust-preferred securities.

Community Valley Bank in El Centro, Calif., has hired a new chief executive.

NCAL Bancorp in Los Angeles has agreed to a recapitalization that would give it new ownership.

Cortland Bancorp in Ohio is exiting the wholesale-mortgage business.

Old Line Bancshares in Bowie, Md., has raised $12 million through a private placement.

Larry Uhlick will retire as chairman of the Birmingham, Ala., company's bank on Sept. 30. BBVA Compass also said in a press release Monday that Manolo Sanchez, the bank's president and chief executive, will succeed Uhlick.

SB Financial (SBFG) in Defiance, Ohio, has filed a shelf registration that would allow it to raise up to $30 million over the next three years.

The acquisition-minded Heritage Financial and Washington Banking are said to be seeking targets to nearly double their size, motivated in part by the recent Umpqua-Sterling deal.

Activist investor Lawrence Seidman is pressuring OBA Financial Services to find a buyer, saying its poor asset growth, lagging efficiency and "abysmal" returns on average assets and average equity make it necessary.

J. Michael Cline will retire from his position as president and CEO role at the end of 2013, the $265 million-asset company announced Monday.

First Citizens Banc Corp (FCZA) in Sandusky, Ohio, plans to raise up to $25 million to redeem shares it originally issued as part of the Troubled Asset Relief Program.

The Federal Deposit Insurance Corp. has filed more lawsuits against the directors and officers of failed financial institutions in 2013 than in any year since the recession, according to a Cornerstone Research report released Monday.

King Bancshares in in Kingman, Kan., has merged its consumer finance unit, Western Credit, into its Citizens Bank of Kansas.

Banc of California (BANC) in Irvine has acquired the investment advisory firm Palisades.

NewDominion Bank in Charlotte, N.C., has promised to decide on applications for certain commercial loans within three days, or pay $3,000 toward closing, in hopes of speeding its own recovery.

The Office of the Comptroller of the Currency shuttered the $3.1 billion-asset First National Bank in Edinburg, Texas, and it was sold by the Federal Deposit Insurance Corp. in a deal estimated to cost $637 million to the Deposit Insurance Fund.

Provident New York Bancorp (PBNY) and Sterling Bancorp (STL) have reached a settlement with shareholders who alleged that Sterling's board violated its fiduciary duty and failed to disclose crucial information about the two companies' pending merger.

Keene Turner will succeed Frank Sanfilippo, who will become the $3 billion-asset company's chief operating officer, according to a Friday press release.

Old National is trying to shed assets ahead of an acquisition in hopes of staying below $10 billion in assets, a level that ensures increased regulation.

An Indiana man was sentenced to spend five years in federal prison and pay almost $7 million in restitution Thursday after pleading guilty to defrauding local banks of over $10 million.