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The Friday Express: North American financials

* Warren, Pa.-based Northwest Bank will buy 18 First Niagarabranches in Erie andNiagara counties, N.Y., in a move that resolves antitrust concernsrelated to the latter's merger with KeyCorp.

* First Niagara, along with Aon, report earnings today.

* Sources for Reuters sayAres Management and Apollo Investment are interested in American Capital's assets.

* In California, MechanicsBank struck a $37.19-per-sharecash deal for California Republic Bancorp.

*In a letter to the Federal Reserve Board, the American Bankers Association saida dividend cut for Reserve Bank members would count as the takingof property without compensation.

* Speaking of the Fed, the clearing houses of CME Group, IntercontinentalExchange and Options Clearing Corp. have been authorized to at the central bank.

* Also in the news for CME Group: was up 82% year over yearfor March.

* Houston-based Green Bancorp has decided on a "prudent"exit of the energy lendingbusiness.

* LPL Financial admits the proposed Conflict of Interest FinalRule, commonly known as the fiduciaryrule, will hit profitability in some services but help the firmgain market share.

* BofI Holding CEO andPresident Gregory Garrabrants said "monoline" fintech companies willlikely have acquisition coststhat are "too high in order to sustain their models" — providing anopportunity for BofI to grow in the digital lending scene.

* PayPal in March received a civil investigative demand from the Federal TradeCommission, in connection with possible deceptive or unfair practices throughits Venmo service.

* FINRA sent out its first monthly cross-market equitiessupervision reportcards to firms where possible incidents of spoofing or layering have beenidentified or associated.

* Citigroup withdrew from aplan to join other banks in financing a leveraged buyout, say sources forReuters, due to complianceconcerns.

* Ellie Mae now estimatesits 2016 revenue tobe in the range of $325.0 million to $329.0 million, up from the previouslyexpected range of $317.0 million to $321.0 million.

* In people news,Colette Pieperresigned from Life Partners Holdings, where she was CEO.

*Andrew Gibbs willassume the responsibilities of chairman and COO at AmTrust InternationalInsurance effective Sept. 6.

* And Cambridge Associatesappointed David Druleychairman and CEO, effective July 1.

The Daily Dose: Express Edition is updated as of 6:30 a.m. ET.Some external links may require a subscription.