Banks in general are paying departing executives less money. But some, including Sterling Bancorp in New York, are still approving multimillion-dollar parachutes.

Machias also agreed to acquire the assets at the six banks, including loans and real estate, and about $75 million of deposits, the companies said when they announced the sale in July.

The $2.6 billion-asset Community & Southern has agreed to pay $11.80 per common share of Verity, the companies announced Wednesday.

OmniAmerican Bancorp, the Texas lender whose stock has more than doubled since going public in 2010, is exploring a sale, two people with knowledge of the matter said.

Canadian Imperial Bank of Commerce is boosting the target size for wealth-management takeovers to more than C$1 billion ($951 million) as it seeks to increase profit from the business.

Mark Severson plans to resign from Chemung Financial in Elmira, N.Y., Sept. 13 to pursue another opportunity, the $1.3 billion-asset company said Tuesday in a regulatory filing. Chemung will begin a search for his successor immediately.

Citigroup will sell its emerging-markets private-equity unit to the Rohatyn Group to comply with new curbs on risky bank investments. Terms weren't disclosed.

Republic Bancorp (RBCAA) in Louisville said it is highly unlikely that it will complete its purchase of H&R Block Bank by the end of this year.

Holly Schreiber will step down Wednesday as chief financial officer of 1st Financial Services in Hendersonville, N.C. She will remain as a consultant while its sale to First Citizens BancShares (FCNCA) is being completed.

Five Star Credit Union in Dothan, Ala., has agreed to buy Flint River National Bank in Camilla, Ga.

Regulators have lifted a seven-year-old enforcement action against CIB Marine Bancshares (CIBH) in Waukesha, Wis.

Marie Blake now oversees the $13.1 billion-asset company's regulatory compliance department, it said Tuesday.

Pacific Commerce Bank (PFCI) has completed corrective steps mandated by the Federal Reserve Bank of San Francisco.

A breakdown of M&A announcements in the financial services industry for the week ended August 31.

Douglas Manditch, chairman and chief executive at Empire National Bank, believes community banks are being squeezed by "overzealous" regulation and are feeling pressure to sell.

The insurer Genworth Financial has completed the $412.5 million sale of its wealth management operations.

Bank of America is seeking $1.5 billion from the sale of China Construction Bank shares as it ends an eight-year investment in the Chinese lender.

A judge has approved Anchor Bancorp Wisconsin's plan to file for bankruptcy.

When it agreed to be sold to Stifel last year, KBW was painted as a victim of weak bank M&A and the transformation of investment banking. Things are looking up now as the combined company ranked as the top advisor in four of six U.S. regions at midyear.

Merchant Bank in Winona, Minn., plans to buy two branches from Associated Banc-Corp (ASBC) in Green Bay, Wis.