Americas

Ocwen Financial has agreed to pay $150 million to New York regulators to settle allegations that it fudged foreclosure documents and said Monday that its founder and, executive chairman, William Erbey is stepping down after 30 years with the Atlanta company.

SPOKANE, Wash. — STCU closed out the year with the news that it hit the $2 billion-asset mark in November.

Regulators on Friday closed Northern Star Bank in Mankato, Minn., the 18th institution to fail this year.

Empire Bancorp in Islandia, N.Y., has raised $20 million in a private placement.

Simmons First National in Pine Bluff, Ark., has extended the termination date for its purchases of two banks due to delays securing regulatory approval.

The layoffs will take place across the $38 billion-asset bank's four-state service area in New York, Pennsylvania, Massachusetts and Connecticut, a spokesman for the bank confirmed.

First Guaranty Bancshares in Hammond, La., has postponed its initial public offering, citing "unfavorable market conditions."

OSHKOSH, Wis. — An unusual merger strategy here has been a roaring success as well as a learning experience for all parties involved.

COLUMBIA, S.C. — A campaign to boost usage of e-services not only hit the mark with clever marketing, but taught organizers some lessons about digital outreach.

LAS VEGAS — How difficult is it for marijuana businesses to maintain relationships with mainstream financial institutions? Just ask Jon Levine.