Organic growth, dealmaking and innovation are taking a backseat to compliance, bank executives told KPMG in a new survey.

The activist investor claims that D.F. King failed to turn in a master ballot, causing his board candidate to lose an election.

The $208 million-asset bank has filed an application for the change with regulators, it said last week. Executives wanted to get away from the geographically limiting name, though they plan to keep the bank's headquarters in Lowell.

Citigroup (NYSE:C) is replacing Sanjiv Das, the chief executive of its mortgage unit, with private bank head Jane Fraser.

A breakdown of M&A announcements in the financial services industry for the week ended May 18.

Shareholders of OptimumBank Holdings (OPHC) have approved a reverse stock split aimed at preserving the Fort Lauderdale, Fla., company's Nasdaq listing.

Enterprise Financial Services has completed the purchase of a mortgage business from F&M Bank and Trust.

As investor Jay Sidhu and Atlantic Coast Financial intensify their fight over the Florida company's deal to sell to Bond Street Holdings, the market has priced a higher deal value into the stock. Atlantic Coast warns that no such bump-up is coming.

Commerce Bancshares is the latest bank to announce plans to buy a small bank in Oklahoma, which boasts one of the nation's lowest unemployment rates

Brennan Ryan, a partner at Nelson Mullins, ran the equivalent of several marathons with his wife and a friend in the Marathon des Sables to raise money for Hemophilia of Georgia.

The Office of the Comptroller of the Currency took regulatory action against 11 financial institutions and terminated orders against five others in April, the agency said Friday.

AmeriServ Financial in Johnstown, Pa., has begun another stock buyback.

The Federal Reserve has ordered Bank of Montreal's U.S. unit to strengthen compliance with laws designed to deter money laundering.

Sierra Vista Bank in Folsom, Calif., has added $1.5 million in capital from the Taylor International Fund.

Flagstar Bancorp (FBC) in Troy, Mich., announced that its chief executive, Michael Tierney, has stepped aside after just eight months in the post.

Whatever the outcome of Tuesday's vote over Jamie Dimon's dual titles at JPMorgan Chase, the debate raging at the country's largest bank will increase the pressure on bank boards to split up chairman/CEO roles in the future.

Tim Ryan, a veteran lobbyist who runs JPMorgan Chase's regulatory strategy, served until January as chief executive of SIFMA, which moved last week to stop the sending of vote tallies to shareholders.

Former Citigroup CEO Vikram Pandit has taken a stake in India's JM Financial Group, which also plans to name him chairman of a proposed new bank.

Customers Bancorp in Wyomissing, Pa., is bumping up the size of its stock sale by more than 20%

Capitol Bancorp is down three banks in the past week, but it could have been four. The company said in a regulatory filing on Wednesday that regulators attempted to seize a fourth bank on Friday, but a temporary injunction from a state court stopped it.