EMEA

Lynn Harton, formerly president of The South Financial Group before it was sold several years ago, was promoted to president of United Community Bank in Georgia this week.

Synovus Financial (SNV) in Columbus, Ga., reported lower quarterly earnings because of a decline in mortgage banking revenue and a litigation-related charge.

Two private banks in Georgia skillfully used a state process meant to protect the interests of everyday investors to hasten consideration of their merger application. Some other states have similar laws.

SouthCrest Financial Group (SCSG) in Peachtree City, Ga., has received regulatory approval to merge its four banks into a single charter operating under the name SouthCrest Bank.

A former bank director accused of spearheading a massive investment scheme was arrested after a year and a half on the lam.

The Columbus, Ga., company has overcome a series of challenges since 2008, yet it will face more in the coming year. CEO Kessel Stelling, in a Q&A, addresses questions about how it will boost revenue and profits.

Buoyed by its success on the West Coast, Operation Hope is partnering with the likes of SunTrust and Popular Community Bank to set up its financial literacy centers in such cities as Memphis, Atlanta, Washington and New York.

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

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.

State Bank Financial CEO Joe Evans has hired an ex-colleague, fund manager David Brown, to help lead the next stage of the Atlanta bank's M&A strategy.