Ottawa Savings Bancorp (OTTW) in Ottawa, Ill., has agreed to buy Twin Oaks Savings Bank in Marseilles, Ill.

HomeStreet (HMST) in Seattle has sold servicing rights to about $3 billion in single-family mortgages to SunTrust Banks (STI) in Atlanta.

D.L. Evans Bancorp in Burley, Idaho, was the successful bidder for Idaho Banking in Boise following a bankruptcy auction.

Citizens Financial Group is rebranding its Charter One retail locations, part of the preparations for its spinoff from the Royal Bank of Scotland.

The Financial Stability Oversight Council has manifestly failed to demonstrate that it has any idea how to determine if a financial firm is systemically important, writes AEI fellow Peter Wallison.

Bank of the Ozarks recently overhauled how it awards bonuses after a big dip in shareholder approval, showing how much weight some banks place on the nonbinding measures and how proxy-advisors can swing the vote.

Berkshire Hills Bancorp (BHLB) in Pittsfield, Mass., has named William J. Ryan as its new chairman and said that its lead independent director, Lawrence Bossidy, is retiring from its board.

Bryn Mawr Bank (BMTC) in Pennsylvania will call a special meeting of shareholders to approve a new equity compensation plan after certain stock awards ran afoul of the Nasdaq.

Katahdin Bankshares (KTHN) in Houlton, Maine, has completed a $10 million private placement.

WASHINGTON — Regulators on Friday closed Freedom State Bank, in Freedom, Okla., the 12th institution to fail this year.

Needham Bank has too many loans and not enough deposits. Its solution — to aggressively add branches — runs counter to emerging trends in the banking industry.

Customers Bancorp (CUBI) in Wyomissing, Pa., has raised $133.2 million in a private placement.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

United Community Banks (UCBI) in Blairsville, Ga., has acquired Business Carolina, a commercial lender in Columbia, S.C.

KPMG Corporate Finance has acquired the assets of Denver investment bank St. Charles Capital.

MidFirst Bank in Oklahoma City said Thursday that it will purchase Steele Street Bank & Trust in Denver, Colo.

Metro Bancorp, once an aspiring acquirer, is fielding complaints from a trio of investment firms that believe management is incapable of meaningfully improving the company's performance.

Midtier banks desperate for earnings growth will have to wait until interest rates rise, a report from Fitch Ratings says.

Westfield Bank is planning to expand its commercial lending presence in western Massachusetts.

Insurance executive Kenneth Shapiro on the new parallels between insurance and banking.