PennyMac Mortgage Investment Trust has agreed to buy $452 million of nonperforming whole loans from undisclosed sellers, according to a recent filing with the Securities and Exchange Commission.

Buying CIT, a specialty lender, would add high-yielding loans without saddling Wells Fargo with more deposits and branches.

Landmark Credit Union joins a growing list of tax-exempt institutions finalizing deals to buy banks or thrifts.

Private equity may have played a role in the deal. Crescent, led by Scott Custer, has PE backing, while an infusion set for ECB fell through earlier this year.

Noble Systems Corp., a contact center technology services firm, announced Monday the acquisition of Stratasoft Inc., a provider of hosted and premise-based contact center technology.

United Community Financial (UCFC) in Youngstown, Ohio, has reduced its classified assets nearly in half through a bulk sale.

Bank shares tend to rally in election years but often fall after all the ballots are cast, a KBW study going back to 1984 says.

Aspiring consolidators are weighing the benefits of hiring lending teams as opposed to making acquisitions.

Banks have been increasing their municipal bond holdings so much that they're now on pace to surpass both money market funds and insurers to become the third-largest holders of municipal securities.

A breakdown of bank M&A announcements for the week ended Sept. 22.

Scotiabank in Canada has started issuing cards on the American Express (AXP) network, the companies said on Monday.

Opus Bank in Irvine, Calif., has completed its acquisition of ten branches from PacWest Bancorp. The companies said in separate press releases that the transaction closed on Friday. Opus rebranded the branches over the weekend.

Joseph Stilwell said in a regulatory filing that he could start pushing the thrift's management to put stashed away capital to work.

MetLife (MET) has found a new forum for a deal the company hopes will free it from banking regulators.

First PacTrust said Gregory Mitchell , who had been its CEO since November 2010, had resigned. The resignation comes roughly a month after the company said Mitchell would share the CEO title with Steven A. Sugarman.

PL Capital said in a regulatory filing Thursday that it has raised its stake in Magyar to 9.99% on Aug. 1, compared to a prior stake of 8.6%.

Jay Sidhu, the head of Customers Bancorp in Pennsylvania, has received about as much money from private investors in recent months as it sought to raise in its canceled IPO.

When FirstMerit agreed to buy Citizens Republic this month, it capped Cathleen Nash's efforts to rebound from recession in hard-hit Michigan.

CapStone Bank in Raleigh, N.C., has agreed to buy Patriot State Bank in Fuquay-Varina, N.C., for roughly $10.6 million.

The company paid roughly $939,000 to repurchase a warrant that would have allowed the Treasury Department to buy about 543,300 shares of BNC's common stock at $8.63 per share, BNC said in a regulatory filing Thursday.