Americas

James Ladio, a former chief executive of MidCoast Community Bank in Wilmington, Del., was sentenced to two years in prison for his role in a fraudulent loan scheme.

Target Corp. (TGT) must defend itself against claims that its failure to shield computer systems allowed hackers to steal the account data of millions of shoppers, forcing banks to reimburse fraudulent charges and issue new credit and debit cards.

The company spent several years cutting costs and exiting troublesome business to stay afloat. This year, however, management has been focused on upgrading branches and offering a small, unsecured loans to lure younger borrowers.

Hills Bancorp. in Hills, Iowa, expects to record a nearly $2 million impairment charge in the fourth quarter.

The Bancorp in Wilmington, Del., will have a new chief executive next year.

Seacoast Commerce Bank in San Diego has created a new holding company.

Customers Bancorp in Wyomissing, Pa., has increased its earnings estimates for 2014 and 2015 based on changes in its technology strategy.

The American Bankers Association has added 12 banks to community banks indexed and listed with the Nasdaq stock exchange.

The Freedom Bank of Virginia has extended the deadline for its $4 million stock offering in response to investors' requests for more time.

National Bank Holdings in Greenwood Village, Colo., has announced the retirement of director Lawrence Fish.