General Motors is planning to sell a 9.9 percent stake in Ally Financial Inc., the auto lender majority owned by U.S. taxpayers, according to a person with knowledge of the transaction.

Banco Sabadell in Spain has agreed to buy JGB Bank in Miami.

Patriot Financial Partners, a Philadelphia PE firm that specializes in community banks, has agreed to buy more than 1.5 million shares of Banc of California for $13.25 each, a price 6% higher than the company's Tuesday closing price of $12.46 a share.

The Treasury Department estimates that it made more than $13.1 million from the sale of warrants in Cathay General Bancorp (CATY).

ViewPoint Financial Group is acquiring LegacyTexas in hopes of creating a large community bank solely focused on the greater Dallas-Fort Worth metropolitan area, bucking a 2013 trend in Texas and across the country of using M&A to enter complementary markets.

The Treasury Department was set Tuesday to sell the warrants it held in Cathay General Bancorp (CATY) in Los Angeles.

Industry observers note how quickly Thoma Bravo LLC made a profit on a company it just acquired in August, and call the purchase a coup for NCR that could help it satisfy a technical need among banks: better consistency among channels.

American Momentum Bank in Tampa, Fla., is seeking regulatory approval to move its headquarters to College Station, Texas.

Investors Bancorp (ISBC) in Short Hills, N.J., has received approval from the Federal Reserve Board to buy Roma Financial (ROMA) in Robbinsville, N.J.

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.

NCR has been working to become a "hardware-enabled, software-driven business" for eight years. With its purchase of online and mobile banking vendor Digital Insight and transaction switching and fraud detection software company Alaric Systems, it's taken a big step forward.

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.