A director of First Cornerstone Bank is looking to buy 85% of the King of Prussia, Pa., bank.

Wisconsin's CIB Marine started losing millions of dollars long before the financial crisis thanks to overexpansion. A succession of three CEOs sold off retail operations, purged assets and used the bankruptcy process to salvage the bank.

Bank of America (BAC) co-Chief Operating Officer Thomas K. Montag received a 21% raise to $14.5 million for 2012, topping his boss Brian T. Moynihan for the third straight year.

Genworth Financial (GNW), an insurer in Richmond, Va., has agreed to part with its wealth management operations for $412.5 million.

MidSouth Bancorp (MSL) in Lafayette, La., will pay $2 million for rights it issued as part of last year's acquisition PSB Financial.

Cordia Bancorp has taken full ownership of Bank of Virginia.

Bryn Mawr Bank in Pennsylvania It has agreed to buy MidCoast Community Bancorp in Wilmington, Del.

Glacier Bancorp in Kalispell, Mont., has agreed to buy North Cascades National Bank in Chelan, Wash.

Defendants in a collection operation agreed to settle Federal Trade Commission charges after allegedly misleading consumers into paying unnecessary fees and falsely threatening consumers with lawsuits.

CNB is an infrequent buyer but agreed to acquire a smaller bank near Columbus, Ohio, as a way to enter a market without abandoning its preference for organic growth.

Enterprise Financial Services in St. Louis has extended the contract of chief executive Peter Benoist by one year.

Banks are moving into new territories and new lines of business in their ongoing quest for new revenues. It can be a profitable strategy, but experts say they need to be cautious about loan pricing and concentration risk.

First BanCorp (FBP) in San Juan, Puerto Rico, has enhanced and extended an offer to convert preferred shares into common stock.

Eastern Virginia Bankshares (EVBS) in Tappahannock plans to raise $50 million through a private placement and a rights offering.

CNB Financial (CCNE) in Clearfield, Pa., has agreed to acquire FC Banc (FCBZ) in Bucyrus, Ohio, for about $40 million, or $30 a share in cash and stock.

Jefferson Bancorp in Lutherville, Md., has received regulatory approval to buy Carrollton Bancorp (CRRB) in Columbia, Md.

Two Florida banks have found a way around squabbling over the value of troubled credits: let the seller keep them.

Provident New York Bancorp wants to join forces with a similarly sized bank, KBW analyst Collyn Gilbert says. But a pool crowded with rival buyers is crimping its plans.

The troubled Metropolitan Bank Group in Chicago may be getting a lifeline from a consortium of Mexican investors, Crain's Chicago Business reported.

M&T Bank (MTB) will take over the lease at a Buffalo-area mortgage facility that Bank of America (BAC) plans to close this spring, according to a report.