Jacob Passy

The former chief executive of a failed bank in Lincoln, Neb., was sentenced to 11 years in prison for forming a scheme to hide more than $100 million in losses from shareholders and regulators.

Fifth Third is using savings generated from closing more than 100 branches over the past year to expand its digital capabilities through a major IT hiring initiative.

Citizens Financial Group in Providence, R.I., has hired Randall Black as chief accounting officer and controller. He will start at the company on April 18, succeeding Ronald Ohsberg.

Ally Financial in Detroit reached a truce with Lion Point Capital, as it agreed to appoint an independent director in consultation with the activist investor.

Fifth Third Bancorp plans to hire about 200 technology professionals this year, amid a focus on mobile and digital banking.

USA Technologies in Malvern, Pa., has added a new member to its board of directors and selected a new chief services officer.

The Federal Reserve Board has terminated enforcement actions issued in 2010 against American Bank of Baxter Springs in Kansas and CB Financial in Wilson, N.C., and issued an enforcement action against Hazard Bancorp in Kentucky.

Heartland Financial USA in Dubuque, Iowa, has exited the Small Business Lending Fund.

Wings Financial Credit Union has scored a deal to take over a branch from U.S. Bank at Minneapolis-St. Paul International Airport.

Wings Financial Credit Union has scored a deal with Minneapolis-St. Paul International Airport to take over the airport's U.S. Bank branch.