FMB Bancshares in Georgia has become the second banking company to get pulled into involuntary bankruptcy after defaulting on trust-preferred dividends. Meanwhile, BNY Mellon is taking steps that could make it easier for more investors to force banks into bankruptcy.

Univest Corporation of Pennsylvania (UVSP) in Soudertown has purchased Sterner Insurance Associates in Coopersburg, Pa.

Regulators have ordered Community 1st Bank Las Vegas in New Mexico to appoint a new chief executive and clean up its loan portfolio.

Lengthening loan terms are cause for concern because they open lenders up to potentially larger losses if loans sour. But low delinquency rates on car loans suggest that such fears may be exaggerated.

Half of all frequent credit card users are unbothered, or feel relieved, when a legitimate transaction is blocked, a new study found. The results show that cardholders are appreciative that banks are becoming more vigilant about fraud.

Vining Sparks has snagged a banking analyst with hands-on bank management experience.

First Niagara Financial (FNFG) in Buffalo, N.Y., has recruited a former executive at JPMorgan Chase (JPM) to join its board.

Associated Banc-Corp (ASBC) has acquired $100 million in credit card receivables tied to the Green Bay, Wis., company's customers.

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.