Debt buyer Asset Acceptance Capital Corp. plans to grow its legal collections business in Florida while closing an Arizona call center and transitioning inventory to an India channel.

Broadway Bank in San Antonio is continuing its growth northward with plans to open several branches around Austin, Texas.

Old Line Bancshares has agreed to buy WSB Holdings in a deal that will combine two banks based in Bowie, Md.

Executives at FirstMerit, PNC and KeyCorp — which have acquired branches in deals in recent years — are seeking to wring substantial cost savings from their brick-and-mortar networks and rely more on high-tech services.

The $169 million-asset bank will buy two branches from Community South Bank in Parsons, Tenn., the Nashville Business Journal reported Monday. TriStar will assume certain deposits and assets of branches in Columbia Spring Hill from the $497 million-asset Community.

Streamlining and cross-selling initiatives are aimed at creating a simpler company that is more in touch with its customers, Thompson tells investors at Barclays conference.

A breakdown of M&A announcements in the financial services industry for the week ended September 8.

Capital Bank Financial, a $7.7 billion-asset privately held bank holding company, said Monday it would raise about $250 million via an initial public offering the company first announced in June 2011.

Wall Street hopes M&T's $3.7 billion deal for Hudson City will spark a rush of mergers and acquisitions. These five banks are prime takeover targets.

Henderson Citizens Bancshares in Texas announced an acquisition that should push its assets above $1 billion.

Sierra Vista Bank raised about $2.4 million through a stock offering, falling short of a plan to bring in $6.5 million.

Debt buyer Portfolio Recovery Associates (PRA) Inc., based in Norfolk, Va., has been named one of Fortune's 100 Fastest-Growing Companies for 2012.

Royal Bank of Canada, the country's largest lender by assets, agreed to buy the Shoppers Optimum credit-card portfolio from Bank of America Corp. to extend its MasterCard Inc. offerings.

Ralph Babb, the chief executive of Comerica in Dallas, tells a research analyst the company may consider in-market and out-of-market deals — its first since taking over Sterling Bancshares last year.

M&T's bid for Hudson City has the deal world abuzz with talk of who'll be next. The Fed, meanwhile, is trying to calm angry community bankers as the entire industry mulls the implications of the November election.

Debt buyer Encore Capital Group announced that Sheryl Wright has joined the company as senior vice president of External Affairs.

Royal Bank of Canada agreed to buy the Shoppers Optimum credit-card portfolio from Bank of America to extend its MasterCard offerings.

SunTrust Banks (STI) unveiled several major balance-sheet moves Thursday, including the final disposition of its longtime holdings in Coca-Cola (KO) and a $375 million provision for mortgage-repurchase losses.

Renasant in Tupelo, Miss., has filed a shelf registration that would allow it to raise up to $150 million.

Memorial City Bank is canvassing Houston for acquisition targets, capital and commercial loans.