Americas

Bank of Commerce Holdings (BOCH) in Redding, Calif., continued to revamp its executive team by hiring Robert Muttera as chief credit officer.

Webster Financial (WBS) in Waterbury, Conn., has promoted Joseph Savage to president.

First Citizens Banc (FCZA) in Sandusky, Ohio, has raised $25 million to exit the Troubled Asset Relief Program.

First Financial Bancorp (FFBC) in Cincinnati has agreed to buy Insight Bank in Worthington, Ohio.

Provident Financial Services (PFS) in Jersey City, N.J., has agreed to buy Team Capital Bank in Bethlehem, Pa.

Albert Buzzetti, founding chairman and chief executive at Bancorp of New Jersey (BKJ) in Fort Lee, has died.

Ocwen Financial (OCN) will pay $2.1 billion to settle allegations of misconduct in its mortgage servicing and foreclosure practices.

The $1.1 billion-asset company said in a regulatory filing Thursday that it sold bank and insurance trust-preferred collateralized debt obligations that cost about $8.3 million -- at an $850,000 loss.

Ocwen Financial (OCN) is preparing to pay $2.1 billion to settle allegations of misconduct in its servicing practices, according to a report in the Wall Street Journal.

First Niagara Financial (FNFG) in Buffalo, N.Y., didn't have to look far to find its next president and chief executive, even though the search process lasted nine months.