Loan sales likely will be a trend among community banks this year after a growing number successfully sold nonperforming assets in the fourth quarter. The opportunity - and willingness - to move nonperforming assets off the books is increasing, according to analysts and executives.

Flock Advisors announced public availability of the firm’s Falcon Fund, adding to the options available to debt buyers for funding debt purchases, according to Michael Flock, the company's managing director.

Collins Financial Services, a consumer debt buyer and reseller that also handles recoveries, is rebranding the business under the name Precision Recovery Analytics Inc.

SourceMedia Inc., publisher of PaymentsSource, today announced the appointment of Douglas J. Manoni as chief executive officer. He replaces James M. Malkin, who has left the company.

Not everyone expects Bank of America's decision to cull its roughly 6,200 branches by 10 percent to fuel a widespread "rationalization" of big-bank branch networks.