ServisFirst Bancshares in Birmingham, Ala., has raised about $10.4 million through a private placement.

BALTIMORE — Advance Bank shareholders have approved the proposed sale of the institution to Municipal Employees CU of Baltimore, and the credit union will take control of the bank Dec. 12.

The $126 billion-asset company plans to redeem the notes, and pay about $10.3 million in unpaid dividends, on Dec. 30, it announced last week.

NCR Corp. (NCR) has agreed to purchase Menlo, Calif.-based Digital Insight Corporation for $1.65 billion. The deal follows Intuit's sale of the mobile and online banking unit to private equity firm Thoma Bravo LLC in July.

WASHINGTON — The Federal Reserve Board on Monday accepted revised capital plans by JPMorgan Chase & Co. and Goldman Sachs after asking both firms to go back to the drawing board earlier this year.

If you are a small bank willing to sell for cash, there's an increasing chance a large credit union might be interested in making you an offer.

A breakdown of M&A announcements in the financial services industry for the week ended Nov. 30.

United Bancshares (UBSI) in Charleston, W.Va., and Virginia Commerce Bancorp (VCBI) in Arlington have pushed back the deadline for their merger as they await final regulatory approval.

The Federal Deposit Insurance Corp. took action against six banks and freed a dozen from orders in October.

The technology firm Wipro (WIT) has agreed to buy Opus Capital Markets Consultants, which provides mortgage due diligence and risk management.

Canada's largest lenders, whose shares soared to record highs last month, are banking on wealth management to help counter a capital markets slump and weaker consumer borrowing.

The insurance subsidiary of Old National Bancorp (ONB) in Evansville, Ind., is taking over a group of accounts from Wells Fargo's (WFC) insurance unit.

Bank M&A activity has been lackluster in most parts of the country. It will probably stay that way, since so many banks are too small for buyers to bother with.

Bank investor Kenneth Lehman plans to buy a controlling stake in Marine Bank & Trust Co. in Vero Beach, Fla.

Northwest Savings Bank in Warren, Pa., has agreed to acquire a financial advisory firm and an employee benefits and consulting insurance company.

First Internet Bank (INBK) in Indianapolis raised $29.1 million through a public offering.

Heartland Financial USA's unusual acquisition of Freedom Bank in Sterling, Ill., seems to be more about collecting on a debt than strategic M&A. Such moves are uncommon but have happened in the last few years — and they can work.

MB Financial (MBFI) plans to retain nearly all of the top executives at Taylor Capital Group (TAYC) following the companies' planned merger, according to a report Wednesday in Crain's Chicago Business.

A founding executive of National Bank Holdings Corp. (NBHC) in Greenwood Village, Colo., is stepping down.

The small-dollar lender First Cash Financial Services (FCFS) has agreed to buy a 12-store pawnshop chain in the Charleston, S.C., area.