MB Financial was eager to buy Taylor Capital because of its commercial lending prowess, not its mortgage unit. However, private-equity firms are said to be in talks to buy the unit.

Carlyle Group is selling off the last of its stake in Boston Private Financial Holdings (BPFH).

FirstMerit (FMER) in Akron, Ohio, reported higher second-quarter profit after completing its acquisition of Citizens Republic Bancorp.

PacWest has agreed to buy CapitalSource for $2.3 billion, a transaction that would fulfill CapitalSource's longtime goal of becoming a full-fledged bank. It is the year's biggest bank deal.

Hancock Holding (HBHC) has agreed to sell 10 Whitney Bank branches that the Gulfport, Miss., company had planned to close, as well as loans and deposits associated with the branches.

A breakdown of M&A announcements in the financial services industry for the week ended July 20.

Wilshire Bancorp is projecting cost savings of 60% for its deal with a Los Angeles rival, Saehan Bancorp. If it can pull that off, more intra-market deals among Korean-American banks could follow.

An upcoming dividend rate increase on shares issued under Tarp could prompt more banks to find buyers.

The chief operating officer at BBCN Bancorp in Los Angeles is stepping down.

Bank buyers are starting to pay more for assets; valuations soared this month in Prosperity’s deal for FVNB and MB Financial’s deal for Taylor Capital, which could be the sign of increased prices for future bank M&A.

The Senate's latest proposal to break up the big banks faces an uphill battle, but FDIC Vice Chairman Thomas Hoenig still says it could have a major impact on the movement to separate big banks' commercial and investment activities.

John Koelmel recently became the president of HarborCenter Development, a Buffalo, N.Y., real estate company with ties to a professional hockey team.

Second-quarter profits at Tompkins Financial Corp. in Ithaca, N.Y., rose on increased loan revenue and fees, but fell short of analysts' estimates.

The Buffalo, N.Y., company is bolstering its commercial lending and auto finance businesses while it looks to replace ousted CEO John Koelmel.

First Horizon National Corp. in Memphis missed second-quarter profit estimates as its lending and fee income slid.

The Georgia company is finally ready to exit the Troubled Asset Relief Program, allowing executives to set their sights on increasing revenue.

Ellen Futter and David Cote, two of the three JPMorgan Chase board members who became lightning rods for governance criticism this spring, have left the bank.

Shares of City National Corp. in Los Angeles rose Friday after it beat its earnings estimates on strong wealth management income.

The DBA International Board of Directors is accepting applications from representatives of third-party collection agencies who wish to be considered for a position on the Debt Buyer Certification Council.

First Niagara Financial Group (FNFG) in Buffalo, N.Y., met quarterly earnings estimates as its lending income ticked up and margins widened.