With some of the biggest banks in the nation buying investment banking firms, some smaller banks are feeling pressure to build their own securities businesses through acquisitions.

Take First of America Bank Corp. The $22 billion-asset Kalamazoo, Mich., company was one of at least three Midwest banks that wanted to buy privately held Roney & Co. in Detroit, sources said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.