ST. JOSEPH, Mich. — Honor CU, fresh off its acquisition of $80 million SIR FCU and its three branches, has agreed to buy the Decatur, Mich., branch of St. Joseph-based Edgewater Bank, along with 850 customer accounts and $14 million in assets.

Reliance Bancshares in St. Louis was headed toward potential failure when a semi-retired banker, Tom Brouster, stepped in as an investor. Executives broke down their challenges into manageable tasks, focused intently on cleaning up bad loans and are now ready to start lending and pursuing M&A, he says.

Shareholders of BankUnited (BKU) in Miami Lakes, Fla., are preparing to sell more than $330 million of the company's stock.

Heritage Oaks Bancorp in Paso Robles, Calif., is a lesson in seizing the moment. It went on the M&A offensive just weeks after being freed from a regulatory order, is poised to become No. 2 in market share in San Luis Obispo County and sees major cost-cutting opportunities.

Highlands Bancorp (HSBK) in Vernon, N.J., has agreed to buy Secured Lending Solutions, a mortgage banking company in Glen Rock, N.J.

City National Corp. (CYN) in Los Angeles boosted its quarterly earnings due to improvements in asset quality and increased lending income.

Bank of America Corp. reported it plans to cut up to 4,000 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad.

First Scottsdale Bank (FSB) in Scottsdale, Ariz., and CBOA Financial (CBOF) in Tucson, Ariz., have terminated plans to merge.

SouthCrest Financial Group (SCSG) in Peachtree City, Ga., has raised nearly $18 million and plans to merge its banks.

Hancock Holding (HBHC) in Gulfport, Miss., reported lower quarterly earnings after taking a charge tied to branch closures and other expense reductions.

National Bank Holdings (NBHC) in Greenwood Village, Colo., cut expenses to compensate for lower revenue in the third quarter.

Nobody has told banks in the northwestern U.S. that bank M&A is in the doldrums. Two deals were announced and another terminated there after the markets closed Wednesday, and that will put pressure on banks in the region to keep buying each other.

Sterling Financial (STSA) in Spokane, Wash., reported lower quarterly earnings after suffering a decline in mortgage banking revenue.

State Bank Financial (STBZ) in Atlanta reported higher quarterly earnings tied to loans it obtained from buying failed banks.

Customers Bancorp (CUBI) in Wyomissing, Pa., compensated for reduced income from its warehouse mortgage business with growth in other lending categories last quarter.

Citigroup is selling mortgage-servicing rights on $63 billion of loans, its largest potential sale of this type since the 2008 financial crisis, according to two people briefed on the offer.

Virginia Commerce Bancshares (VCBI) in Arlington recorded a slight dip in quarterly profit as it waited for final approval of its merger with United Bancshares (UBSI).

Cascade Bancorp (CACB) in Bend, Ore., has outbid another company to snag Home Federal (HOME) in Nampa, Idaho.

MVB Financial (MVBF) in Fairmont, W.Va., has agreed to purchase certain assets and assume certain liabilities of CFG Community Bank in Lutherville, Md.