Consumers Bancorp (CBKM) in Minerva, Ohio, has completed a $9.7 million rights offering and will seek to raise an additional $300,000 through a public offering of common stock.

Major banks face a wave of state investigations into sales of defaulted credit card debt. Now the banks may be facing an even more pressing challenge from their primary federal regulator, the Office of the Comptroller of Currency.

Peoples Bancorp in Marietta, Ohio, plans to enter the Cleveland market by acquiring Ohio Commerce Bank in Beachwood.

Eastern Virginia Bancshares (EVBS) has closed a $5 million rights offering. The offering followed a $45 million private placement announced in March, in which the company sold a 30% stake to institutional investors.

Capital One Financial (COF) announced plans Tuesday to repurchase up to $1 billion of its common shares, contingent on the previously announced sale of a credit card portfolio to Citigroup (NYSE: C).

Bank of Marin Bancorp (BMRC) in Novato, Calif., has agreed to acquire NorCal Community Bancorp (NCLC) in Alameda, Calif.

The DBA International Board of Directors has appointed Professor Todd J. Zywicki as the consumer representative to the Debt Buyer Certification Council.

1st United, of Boca Raton, paid $5 million in cash to Enterprise's minority shareholders and transferred Enterprise's troubled assets, worth $40.8 million when the deal closed, to its majority owner.

American Bank Center in Dickinson, N.D., has agreed to buy Community First Bank of Glendive in Montana.

The companies announced last week an agreement to merge Acacia into Stifel Bank and Trust, the investment bank and brokerage's $3.9 billion-asset bank. The terms were not disclosed.

A breakdown of M&A announcements in the financial services industry for the week ended June 29.

JPMorgan Chase (JPM), which is bracing for a crackdown over its credit card debt collections practices, is trying to give regulators less ammunition.

BNC Bancorp in High Point, N.C., started making acquisitions in the Carolinas three years ago, with private-equity help. Now it can afford to take its time and digest while other banks feel pressure to buy.

Total System Services closed its $1.4 billion acquisition of NetSpend on July 1, in line with its previously disclosed schedule for closing.

Intuit Inc. said Monday it has agreed to sell its online and mobile banking division for about $1 billion in cash to Thoma Bravo LLC, a private equity firm.

Continuing its string of acquisitions in its home state, Prosperity Bancshares in Houston has agreed to buy FVNB Corp. in Victoria, Texas.

First PacTrust Bancorp in Irvine, Calif., has raised $50.9 million through a common stock offering.

Hospital operator Tenet Healthcare Corp. announced Monday it has agreed to acquire smaller rival Vanguard Health Systems Inc. for approximately $1.73 billion plus the assumption of debt to expand into new areas, more evidence of consolidation driven by President Barack Obama's healthcare reforms.

A consortium of Mexican investors led by former Banco Popular executive Roberto Herencia has completed its recapitalization of Metropolitan Bank Group in Chicago, Crain's Chicago Business reported.

The Charlotte bank said Friday that the job cuts, which were first reported by the Charlotte Observer, came from various businesses and occurred as part of a streamlining.