M&A

The investment bank agreed to buy Business Bancshares in St. Louis.

Mutual of Omaha Bank's purchase of Synergy One Lending will add reverse mortgages to its product line.

Subordinated debt issuance, which took a back seat as bank stocks surged, could regain popularity as growth-minded banks become leery of market volatility.

The insurance giant said it would need to make a “significant additional investment” to gain scale and be competitive. It has hired an investment banker to help it unload deposits and loans.

The northern Virginia company will also gain more branches around Washington as part of the $33 million deal.