Malvern Bancorp (MLVF) in Paoli, Pa., is facing activist pressure to sell itself.

Illinois state regulators closed the $66.3 million-asset AztecAmerica Bank in Berwyn on Friday.

Sandy Spring Bancorp (SASR) in Olney, Md., said its second-quarter earnings will be reduced after a Maryland jury awarded a $6.05 million verdict in a case involving a former employee.

The $1.7 billion-asset Carlile — founded in 2009 to acquire banks in Texas and elsewhere — has agreed to buy Community Bankers Inc., Carlile President Don Cosby said Friday.

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Subpoenas have been issued by South Carolina's Attorney General's Office in connection to allegations of financial mismanagement by former executives of CertusBank.

HCBF Holding in Fort Pierce, Fla., has agreed to buy Highlands Independent Bancshares in Sebring, Fla.

Multibank holding companies that have long resisted consolidating their banks are finally giving in. The switch can offer a range of advantages beyond improved efficiency, but choosing the right moment for a consolidation — and making sure not to spook customers — can be tricky.

Community & Southern Holdings in Atlanta has agreed to buy Alliance Bancshares in Dalton, Ga.

A recent oil and gas boom in Texas that has captivated banks' attention is also drawing the eye of regulators as they become concerned how far institutions will go to win loans and hire specialists within the energy industry.

ANB Bank in Denver has agreed to buy Capital West Bank in Laramie, Wyo.

Cullen/Frost Bankers (CFR) in San Antonio has agreed to refrain from announcing more acquisitions until it improves its compliance programs.

The $769 million-asset bank said in a press release that Joseph DeVito had become its president and chief executive. DeVito succeeded Kenneth Brennan, who will become Village Bank's chairman.

John Blizzard, who has more than 23 years of banking and financial services experience, most recently served as president and chief executive of Northwest Bank in Boise, Idaho. He succeeded Patrick Patrick, who has been the $216 million-asset Seattle Bank's CEO for four years.

Jacksonville Bancorp (JAXB) in Florida is eliminating 16% of its work force to cut costs.

Bankwell Financial Group (BWFG) of New Canaan, Conn., raised nearly $49 million through its initial public offering.

Summers — a World War II veteran, businessman and civic leader in southeast Texas — was a director of the bank since 1951, including more than two decades as chairman. He died Tuesday at 95.

Under pressure from the Federal Deposit Insurance Corp. to increase its capital levels, Doral Financial (DRL) is selling its health care lending division to Triumph Bancorp in Dallas.

Buyers still exist for mortgage platforms. The problem is that the gap in pricing expectations for buyers and sellers has widened since refinance activity stalled last summer.

Alice Hensen, president of the Bank of Sun Prairie in Wisconsin, is one of the many bankers who delayed retirement to help their banks survive the financial crisis. She is stepping down now that her bank's troubles are past and hopes it can find some "new blood."