Jacob Passy

Card payment acquirer and payment service provider EVO Payments has bought Citigroup’s merchant acquiring business in Mexico for an undisclosed sum.

Ebrahim Shabudin, former chief operating officer and chief credit officer at United Commercial Bank in San Francisco, has been sentenced to 97 months in prison for securities fraud related to the bank's failure.

Mobile payments company Bango and Telkom South Africa have joined forces to launch carrier billing through Google Play.

Auburn State Bank and Carson National Bank of Auburn in Nebraska have received the go-ahead from the Federal Reserve to merge.

The Office of the Comptroller of the Currency has lifted its operating agreement with the banking unit of Capital Bank Financial in Coral Gables, Fla.

MoneyGram has partnered with Bank of China to enable inbound transfers.

Linda Juhan and Karen Zunk-Wolf received the orders from the NCUA and will be prohibited from participating in the affairs of any financial institution that is federally insured.

Comerica has hired John Buchanan as its executive vice president of legal affairs.

Pacific Mercantile Bancorp in Costa Mesa, Calif., has reached an agreement to swap about 3 million shares of common stock for all of its outstanding preferred stock and warrants.

Prudential Savings Bank in Philadelphia has hired Douglas Smith to be its chief lending officer. Smith most recently served as chief credit officer at Noah Bank in Elkins Park, Pa.