Americas

Evercore, an investment bank that often advises others on M&A deals, plans two acquisitions of its own.

First Commerce Credit Union in Tallahassee, Fla., has agreed to buy First National Bank of Crestview in Florida.

Severn Bancorp in Annapolis, Md., has reported a loss for the second quarter, following a revision to its initial quarterly results.

NorthStar Bank once relied on its investment portfolio to drive revenue. It recently changed course, targeting loans and customers in search of a better future.

Carolina Alliance Bank in Spartanburg, S.C., has agreed to buy the operations of a local commercial leasing office.

ALEXANDRIA, Va. – NCUA Board Chairman Debbie Matz has tapped Board Member Rick Metsger to serve as the agency’s vice chairman.

TALLAHASSE, Fla. — Credit unions continue to buy banks, with First Commerce CU here entering into a purchase and assumption agreement with First National Bank of Crestview.

MutualBank in Muncie, Ind., said it has closed the acquisition of Summit Mortgage, in Fort Wayne.

Bank of the Ozarks' deal to buy Intervest Bancshares looks a bit odd on paper because the two are very different and operation in different of parts of the country. However, Intervest would give Ozarks a commercial lending niche it lacks.

Banks, especially small to midsize ones, have been rewarded with strong loan growth this year. But heavy competition and uncertain economic forecasts are forcing them to keep fine-tuning their growth strategies, asset mixes and risk tolerance.