Heartland Financial in Dubuque, Iowa, has hired a chief financial officer.

The investor group that plans to recapitalize U.S. Century Bank in Doral, Fla., has reportedly revised its offer to give a larger stake to preexisting shareholders.

First Citizens Bancshares in Raleigh, N.C., has agreed to buy 1st Financial Services in Hendersonville, N.C.

Independence Federal Savings Bank (IFSB) in Washington, D.C., is taking a second shot at buying Colombo Bancshares in Rockville, Md., three years after the companies called off plans to merge.

Community banks brace for limited selection, but embrace one-stop shopping, as consolidation takes place among IT firms.

The complexion of bank M&A has changed, say investment bankers at St. Charles Capital in Denver: buyers and sellers are healthier, both sides are closer together on valuations and more buyers are approaching targets directly in lieu of bidding wars.

Hamilton State Bancshares in Hoschton, Ga., has agreed to buy Cherokee Banking in Canton, Ga.

U.S. Century Bank in Doral, Fla., has gained a pair of new investors and lost two others in the latest chapter of the struggling bank's $50 million recapitalization plan.

The birth of a U.S.-style private placement market in France offers a lesson in what happens when deleveraging banks turn their backs on credit demand. The French market could spread across Europe and compete with U.S. lenders and investors someday.

A breakdown of M&A announcements in the financial services industry for the week ended August 24.

Community Bank Shares in New Albany, Ind., has lowered its cost estimates for integrating First Federal Bank in Lexington, Ky.

Capitol Bancorp (CBCRQ) has lost another bank after regulators closed its Sunrise Bank of Arizona on Friday.

Community South Bank in Parsons was shut down by Tennessee regulators Friday.

HopFed Bancorp (HFBC) in Hopkinsville, Ky., and Sumner Bank & Trust in Gallatin, Tenn., have terminated plans to merge.

M&T Bank is expected to complete its purchase of Hudson City Bancorp despite unexpected regulatory issues. But an analyst had fun speculating about who might step in as the buyer if that deal collapsed.

The Federal Reserve has approved a capital plan that was re-submitted by BB&T Corp. of Winston-Salem, N.C., the regulator announced Friday.

The president and chief executive of First Financial Northwest (FFNW) in Renton, Wash., will step down next week.

A city in British Columbia, Canada is searching for a collection agency to pursue an estimated $480,000 in outstanding accounts and fines.

Independent Bank Group (IBTX) in McKinney, Texas, has agreed to buy Live Oak Financial Corp. in Dallas.

Private equity firm Thoma Bravo announced Thursday that it's completed its $395 million acquisition of internet and mobile cloud testing and monitoring company Keynote Systems.