Americas

Commerce Union Bank in Springfield, Tenn., has agreed to buy Reliant Bank in Brentwood, Tenn.

Multiple bidders are the new normal in bankruptcy auctions of banks. Case in point is Banner Corp., which anticipates at least one competing offer for Idaho Banking in Boise. Some banks are increasingly letting an initial bidder bear the preparatory expense before swooping in with a higher price.

Linda Cox, a former comptroller of First South Bank in Spartanburg, S.C., committed suicide after being questioned by the Federal Bureau of Investigation about missing funds at the bank, the Greenville News reported on Saturday.

FICO has acquired the Hadoop-based analytics technology developed by Karmasphere in Cupertino, Calif.

Bank of America (BAC), which last month won approval to lift its dividend for the first time since the financial crisis, said it will suspend that increase and $4 billion of planned buybacks because of an error in its capital planning.

State Bank Financial (STBZ) in Atlanta has agreed to buy Atlanta Bancorp.

The real estate developer-turned-savings-and-loan honcho was the face of the S&L crisis, and his influence over five senators made for a heck of a scandal.

Many mutuals feel pressure to sell or switch charters. But there's another option.

The deal’s approval following months of uncertainty represents a significant milestone in the DOJ’s controversial Operation Choke Point probe.

State regulators in South Carolina closed the $54 million-asset Allendale County Bank late Friday.