OmniAmerican (OABC) had a good problem earlier this year: competing offers from eager buyers. The Texas bank, which accepted a slightly smaller price from Southside Bancshares (SBSI), explained its reasoning in a regulatory filing. Here are the highlights.

Chemical Financial (CHFC) in Midland, Mich., expects to raise $70 million through the sale of common stock.

Meridian Bank Texas in Fort Worth has acquired State Bank & Trust in Carrolton, Texas.

M&T Bank (MTB) has been ordered to forfeit $560,000 that a teller laundered for drug traffickers.

Six directors resigned after the company contested an activist investor's successful effort to wrest board control. As a court battle looms and regulators watch, the company could struggle to find replacement directors.

ViewPoint Financial Group in Plano, Texas, has pushed back the expected closing date for its purchase of LegacyTexas Group, citing a lengthy regulatory approval process.

Univest Corporation of Pennsylvania in Souderton has agreed to buy Valley Green Bank in Mount Airy, Pa.

Forcht Bancorp in Lexington, Ky., has agreed to buy Grant County Bancorp of Williamstown, Ky. Financial terms of Forcht's agreement to buy the $79 million-asset Grant Country Bancorp were not disclosed.

Federal regulators have fined First Southern Bank (FSOF) in Boca Raton, Fla., for violating the National Flood Insurance Act.

Once heavy on grey type, Bank of North Carolina's reports are now dotted with colorful graphs, charts and heat maps so that busy senior executives and board members can quickly assess things like loan data and branch profitability and keep better tabs on the integration of acquired banks.

First Financial Bancorp of Cincinnati has pushed back the expected closing date for its acquisitions of First Bexley Bank and Insight Bank, pending a review by the Office of the Comptroller of the Currency.

A breakdown of M&A announcements in the financial services industry for the week ended June 14.

Six directors at Solera National Bancorp (SLRK) have resigned as the Lakewood, Colo., company remains embroiled in a messy public struggle with its biggest investor.

A federal district court in Washington upheld another ruling disallowing three hedge funds controlling portions of a defaulted loan from voting on a reorganization plan. The ruling could impact banks as they make more concessions to win business.

Commerce Bancshares (CBSH) of Kansas City, Mo., expects to sell $150 million in preferred stock, which it will use to buy back $200 million of its common stock.

The $7.4 billion-asset company announced this week that it is planning a branch in Greenville, S.C.

Citigroup (NYSE: C) is selling its consumer banking business in Greece as it part of its ongoing plan to scale back its operations in certain foreign markets.

Old National Bancorp CEO Bob Jones talks about how his bank has made employee retention a priority in acquisition deals after losing a lending team to rival First Financial Bancorp.

Harwood Feffer promised to investigate claims against First Citizens Banc Corp in Ohio for agreeing to sell itself. The problem? The law firm should have been targeting First Citizens Bancorp. in South Carolina.

The Holding family has held large stakes in several banks for years; two of those banks are finally merging as part of a $637 million deal.