Old National Bancorp in Evansville, Ind., has agreed to buy Mutual Underwriters Insurance in Louisville, Ky.

Commerce Bancshares in Kansas City reported lower quarterly profit on higher expenses.

Wells Financial in Wells, Minn., has installed an interim leader after the resignation of its chief executive.

SVB Financial Group in Santa Clara, Calif., is planning to issue $350 million in senior debt.

Central Valley Community Bancorp in Fresno, Calif., will soon have a new chief executive.

In a new detailed report, the Federal Reserve laid out four options for upgrading the creaky U.S. payment system. The study raised questions about how far the Fed can, and should, go to bring about change.

Two Pennsylvania banks recently called off a mutual conversion/merger after the FDIC rejected it on policy grounds. The decision – and lack of guidance from the FDIC – could spell trouble for other banks with similar plans.

WASHINGTON — The Office of the Comptroller of the Currency has named Michael Brickman as deputy comptroller for special supervision.

Hamilton Bancorp in Towson, Md., has added a banking veteran to its board.

Metro Bancorp in Harrisburg, Pa., which has been under pressure from activist investors to sell itself, reported higher quarterly income largely because of increased real estate lending.

Sun Bancorp in Mount Laurel, N.J., reported a quarterly loss as it continues to shrink its balance sheet.

North Dallas Bank & Trust is in wait-and-see mode after its largest shareholder's death.

The Illinois Department of Financial and Professional Regulation closed the $54.7 million-asset Highland Community Bank in Chicago on Friday.

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Seaway Bank and Trust in Chicago has entered into a consent order with state and federal regulators.

The focus on raising the $50 billion-asset threshold determining which banks face the toughest provisions is highlighting interest in letting more community banks enjoy exemptions written into the law.

First Niagara reported a fourth-quarter profit, but the more interesting question was why the Buffalo, N.Y., bank won't fully explain the customer problem that has forced it to set aside more than $20 million.

Independent Bank Corp. of Ionia, Mich., is consolidating 14 of its 74 Michigan branches.

Prosperity Bancshares in Houston posted higher quarterly profit despite investor concern about the company's energy loans.