Four months after the Portland, Ore., company lost a deal in the state to a higher bidder, Umpqua has agreed to buy Circle Bancorp in Novato, Calif., for about $25million.

The top five mortgage servicers offered $10.6 billion in consumer relief as part of the $25 billion national mortgage settlement, the independent monitor said in a preliminary report Wednesday.

It may be hard for banks like Toronto-Dominion and New York Community to resist trying to outbid M&T for Hudson City, which agree to sell itself for a relatively low-priced offer.

Bank of Nova Scotia agreed to buy ING Bank of Canada for $3.16 billion, adding more than $30 billion in retail deposits to its balance sheet and 1.8 million customers.

Few banks with trust-preferred debt would fall below the Basel III capital minimum without the securities. Many are using the phase-out as an opportunity to retire the high-cost funding.

The new employment agreement with veteran banker John Kanas comes just weeks after reports surfaced that the Florida company was again weighing offers to sell.

Cordia Bancorp will invest $3 million to consolidate control of Bank of Virginia in a move Jack Zoeller, Cordia's CEO, says will position the company to make acquisitions and raise capital.

First Community Financial Partners in Joliet, Ill., will combine its four banks under a single charter to increase the availability of products at each one.

Morgan Stanley and Citigroup agreed to delay setting a valuation for their brokerage joint-venture as they wrangle over the sale of a 14% stake.

Bank of Montreal, Canada's fourth-biggest lender by assets, raised its dividend for the first time in five years after posting third-quarter profit that climbed on added earnings from U.S. consumer banking.

A breakdown of M&A announcements in the financial services industry for the week ended August 25.

Eight of KBW's top 10 banks for 2Q loan growth boosted their results with acquisitions. Learn who the leaders were, how much they expanded lending and who they bought in this American Banker slideshow.

BB&T (BBT) will close 21 branches as it works to ingrate the recently acquired BankAtlantic into its operations.

The Paramus, N.J., thrift decided to sell itself to M&T for a relatively low price rather than keep trying to overcome its reliance on low interest rates. That was bad news for the countless small banks attempting similar reboots.

Robert Wilmers, the chairman and CEO of M&T Bank who retired for a couple of years and then came back to work, has staged a second act arguably more successful than his first.

Jacksonville Bancorp (JAXB) plans to raise up to $50 million by selling securities to a group of investors led by the Florida company's biggest shareholder.

The announcement by M&T that it's buying Hudson City reflects both the acquirer's deal-making skills and the difficulty of changing strategies in today's environment—as the once high-flying seller had sought to do before deciding to sell.

Independent Bank in Rockland, Mass., has filed a shelf registration to raise up to $125 million.

Continuing its rapid growth in the Northeast, M&T Bank in Buffalo, N.Y., announced early Monday that it is buying Hudson City Bancorp in Paramus, N.J., for $3.7 billion in cash and stock.

The hotel industry expects to collect $1.95 billion this year on charges for extras such as Internet fees, telephone surcharges and business center and resort fees, according to a study.