New senior staff also appointed at Nicolet Bank, Grasshopper Bank, and Live Oak Bank

FDIC levies fine for unfair and deceptive practices in equipment leasing business

Farmer’s & Merchants Bancorp is to acquire Perpetual Federal Savings Bank of Urbana as the banking sector continues to see M&A activity

The deal attracted criticism from a major Boston Private investor

The activist investor has been targeting an overhaul of the company

Investor claims SVB previously indicated a higher value bid was possible

Also: Southern California Bancorp is to buy Bank of Santa Clarita for $56 million

NYCB is to acquire Flagstar in an all-stock merger scheduled to complete later this year

SVB Financial won’t pay more for Boston Private despite opposition from one vocal investor

Independent Bank Corp has announced its acquisition of Meridian Bancorp and Colony Bankcorp seals merger deal with SouthCrest Financial Group