Community banking

Sound Credit Union in Tacoma, Wash., has agreed to buy Bank of Washington in Lynnewood.

The Dallas company said a commercial client submitted falsified documents that inflated how much colloteral it had available.

Seven other banks passed on a chance to bid on FCB Financial, perhaps showing the small pool of large buyers eager to make a big commitment to the Sunshine State.

Every month, from January to April of this year, there were roughly 3.2 billion attacks perpetrated by malicious code that infiltrated business' networks. Representatives of smaller financial institutions disputed the notion that they are one of the weak links in the chain.

Community bankers reject the conclusions of a Government Accountability Office report that say regulatory burdens only had a “modest effect” on the declining number of banks since 2010.