Kristin Broughton

Four Oaks Fincorp in Four Oaks, N.C., has raised $24 million through a rights offering.

New York Attorney General Eric Schneiderman has settled with debt collector Forster & Garbus regarding the firm's collection of payday loans.

Sun Bancorp in Mount Laurel, N.J., plans to raise approximately $20 million to fund its recent restructuring.

CenterState Banks in Davenport, Fla., plans to close additional branches from a recent acquisition.

Freedom Mortgage in Mount Laurel, N.J., has agreed to pay $104,000 to settle claims that it discriminated against loan applicants with disabilities.

The Bank of Edwardsville in Illinois has begun looking for a new chief executive, after its current CEO, Thomas Holloway, said he would retire next spring.

Web.com, a small-business Web design and marketing company, will promote MasterCard's Simplify Commerce platform in an expansion of the companies' e-commerce partnership.

The Bancorp in Wilmington, Del., has revised its second-quarter results and now says it turned a modest profit in the quarter that ended June 30.

M&F Bank in Durham, N.C., has named James H. Sills III as its president and chief executive.

MasterCard is offering its inControl system in the Asia-Pacific region through First Data, allowing corporations and consumers to manage their online purchases.

A payday lending executive who New York prosecutors say violated the state's usury laws is set to be arraigned Tuesday in a Manhattan court.

Mutual of Omaha Bank has agreed to sell five branches to CIC Bancshares in Denver.

Northern Trust in Chicago has appointed Peter Jordan as head of global fund services for the bank's Asia-Pacific region.

Virtual Piggy's Oink, a payment platform for teens, will become a payment option for users of Smilegate, a Korean gaming company.

Peoples Bancorp in Marietta, Ohio, has raised $40 million through a private placement.

Ocean Bank in Miami has signed a three-year agreement to put its name at the top of Florida International University's football stadium.

Officials at PayPal said they were pleasantly surprised by the free plug that the electronic payment service got on a recent episode of "The Leftovers," a new HBO hit series.

BancorpSouth has withdrawn applications for two planned acquisitions after the Tupelo, Miss., company drew regulatory scrutiny for its Bank Secrecy Act compliance.

SunTrust Banks in Atlanta has named Susan Somersille Johnson head of its marketing division.

Independent Bank in Rockland, Mass., has agreed to buy Peoples Federal Bancshares in Brighton.