S&PGlobal Market Intelligence rounds up a selection of recent legal and regulatorydevelopments in the bank space.
Jacksonville, Fla.-based unitEverBank settled aclass-action lawsuit under the Vathana v.EverBank case, and paid $750,000 as part of the agreement.
A purported TalmerBancorp Inc. shareholder filed a complaint against Talmer,Chemical Financial Corp.and several individuals in the U.S. District Court for the Eastern District ofMichigan on April 6, and another complaint was filed by another purportedTalmer shareholder on April 25. According to a quarterly filing by Chemical,both complaints allege, among other things, the issuance of materiallyincomplete and misleading disclosures in the Form S-4 relating to the proposedTalmer/Chemical merger.Both complaints seek to stop the consummation of the proposed .
Sioux Falls, S.D.-based entered into a memorandumof understanding with the plaintiff's lawyer regarding the settlement of alawsuit challenging the mergerwith Great Western Bancorp Inc.
A federal jury convicted the former chairman and the former CEO ofNova Bank for TARPfraud. The Berwyn, Pa.-based bank failedin October 2012. The FDIC was unable to find a buyer for the bank.
Fuquay-Varina, N.C.-based , a unit of ,entered into a $1 million agreement with the Fair Housing Project of NorthCarolina Legal Aid to resolve unfair lending allegations.
Cheviot, Ohio-based Cheviot Financial Corp. on April 21 entered into amemorandum of understanding with plaintiffs to settle a consolidated lawsuitchallenging the mergerwith Greensburg, Ind.-based MainSourceFinancial Group Inc.