M&A

BofI has agreed to buy $3 billion of deposits from Nationwide Bank as part of the insurance giant's exit from retail banking. The deal comes three years after BofI bought H&R Block Bank's deposits.

Despite ongoing industry consolidation, the company still expects to have at least 10 chances each year to buy another bank.

Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.

The credit union, which plans to keep all of Oculina Bank's employees, will also provide more products and services.

Veritex will take advantage of accounting rules in its deal for Green Bancorp, a larger bank with lingering energy exposure.