The Federal Deposit Insurance Corp. has accused 18 former officers and directors of the parent company of Midwest Bank with reckless practices that led to the Chicago-area bank's failure during the financial crisis.

MidSouth Bank of Tennessee recently deployed software to speed up the process for documenting and calculating the allowance for loan and lease losses.

Sterling Financial in Spokane, Wash., has agreed to buy Commerce National Bank in Newport Beach, Calif.

Coface Collections North America Inc. has completed the process to become certified by the International Association of Commercial Collectors.

Ameris Bancorp in Moultrie, Ga., has agreed to buy Prosperity Banking Co. in St. Augustine, Fla.

D.A. Davidson has agreed to buy the Los Angeles broker-dealer and money-management firm Crowell, Weedon & Co.

The investors would inject $50 million into the struggling lender, the bank said Monday. U.S. Century would also sell its nonperforming loans, which totaled $95 million at March 31, to "unrelated third parties" for an undisclosed price.

The Kansas City company, which started with opening-day deposits of $1,100 in 1913, now has $15.7 billion in assets and a fresh formula that is allowing it to prosper with a conservative approach to credit.

Opus Bank in Irvine, Calif., has agreed to buy four branches from Zions Bancorp.'s (ZION) California subsidiary.

A report from M&A advisory firm Greenberg Advisors indicates deal-making activity in the accounts receivable management/revenue cycle management space is off to a strong start this year.

Regions Financial in Birmingham, Ala., is taking steps to conform its capital to evolving regulatory requirements.

Debt buyer Portfolio Recovery Associates reported Tuesday that its first-quarter profits soared 52% from the year before as it continued to expand its reach nationally and in the United Kingdom.

Hudson City Bancorp (HCBK) in Paramus, N.J., reported a 34% decline in quarterly profit as it waits for regulators to approve its sale to M&T Bank (MTB).

The sale, announced in July and completed Tuesday, included $3.2 billion in deposits. Financial terms of the deal were undisclosed.

Many large commercial banks must decide how to adapt their investment banking units to keep pace with changing regulations that could shrink ROE further, according to a report from BCG.

Expenses weighed down Old Line Bancshares (OLBK) in the first quarter. Earnings at the $869 million-asset company in Bowie, Md., fell 27.8% from a year earlier, to $1.3 million, or 19 cents per share.

The SEC is still working on rules for compensation clawbacks, but some banks have adopted stricter policies in response to pressure from activist shareholders like the New York City comptroller's office.

Too few of the small banks willing to sell have businesses worth buying, bank CEOs said during the recent round of earnings calls.

Debt buyer Asset Acceptance Capital Corp. on Monday reported cash collections of $103.8 million, up 2.6% compared to the year-ago period.

Heartland Financial USA (HTLF) in Dubuque, Iowa, reported lower quarterly earnings as compensation expenses rose.