M&A

CEO Bruce Lee believes a multicharter model, which many other banks have scrapped, gives the Iowa company an edge in smaller markets.

The agreement was tied to the Puerto Rico company's 2010 purchase of the failed Westernbank.

A recent wave of high-premium acquisitions, paired with sweeping regulatory reform, is setting the stage for more large-scale M&A.

The Indiana company agreed to pay $101 million for the $586 million-asset First Security.

MapleMark Bank, which was known as First National Bank of Edgewood when it was bought by an investment group last year, will use the funds to support commercial lending and private banking.