In its $175 million offering, the $24.4 billion-asset City National is selling 7 million depositary shares at $25 each, the company said Monday. Each depositary share represents a one-fortieth interest in a Series C preferred share.

Encore Capital Group Inc., a San Diego-based debt buyer, reported the successful closing of a $575 million credit facility.

Old Florida Bancshares had been focusing on internal growth until the opportunity to buy New Traditions National Bank arose. The deal will take Old Florida to $1 billion in assets and cement its place as Orlando's biggest community bank.

MetLife is selling its mortgage servicing portfolio to JPMorgan Chase. The $70 billion portfolio would increase JPMorgan's servicing business by roughly 5%, the companies said Friday.

Boutique investment banking firm Keefe, Bruyette & Woods had survived scandal and 9/11 but has agreed to sell itself to a rival due to some of the same shortcomings that afflict many banks.

Umpqua Holdings (UMPQ) in Portland, Ore., is continuing to expand across California. The $11.5 billion-asset company said Monday that it plans to open a center in Templeton, Calif., in January to make loans to agricultural customers.

Bank of Hays has agreed to buy Farmers' State Bank of Jetmore, Kan.

Eagle Bancorp and Camco Financial both announced capital deals last week, but for entirely different reasons. Eagle is experiencing strong growth, while Camco is still recovering. Deal advisors say the companies represent the two types of capital raises taking place right now.

Goldman Sachs (GS) is asking the U.S. Supreme Court to overturn a lower-court decision involving securities backed by residential mortgages the company says would cost financial firms tens of billions of dollars.

Bank of Virginia (BOVA) in Midlothian has extended its rights offering deadline because of the aftermath of Hurricane Sandy.

More than half of community bankers think they’ll be involved in a deal within the next two years, either as a buyer or a seller, according to a survey by KPMG.

Stifel Financial (SF) in St. Louis has agreed to buy KBW (KBW) for more than $575 million in cash and stock.

Stifel Financial Corp. said it agreed to buy KBW Inc. in a cash-and-stock transaction valued at $575 million.

Camco Financial (CAFI) in Cambridge, Ohio, has processed the rights subscriptions for roughly $9.4 million of its common stock.

First Republic Bank in San Francisco has agreed to buy Luminous Capital Holdings. Luminous, an independent wealth advisor based in Los Angeles, provides investment advice and asset allocation, including alternative investments, to high-net-worth individuals, family offices and foundations.

Fewer loan losses and added fees provided a spark to third-quarter results at Park Sterling (PSTB) in Charlotte, N.C.

CertusBank in Greenville, S.C., plans acquire the small business lending operations of a struggling Georgia bank.

BB&T's decision to open 30 branches makes sense as big banks battle for commercial customers, especially in an expensive market for acquisitions like Texas.

Oriental Financial Group in San Juan, Puerto Rico, has priced its public offering of preferred shares that will help fund its purchase of Banco Bilbao Vizcaya Argentaria's Puerto Rican operations.

Banks in areas hit hard by Hurricane Sandy have re-opened most of their branches. Now some of them are opening their checkbooks, too.