Retail & Commercial

Bank of the Ozarks (OZRK) on Wednesday finalized the cash acquisition of Bancshares in Houston, as well as its wholly-owned subsidiary Omnibank, for $21.5 million.

A decline in overall credit risk can be attributed to a national drop in credit card, auto loan and mortgage delinquency rates, which are at near historic lows, according to TransUnion officials.

BB&T Corp. (BBT) Chief Executive Officer Kelly King had his pay cut 8.3 percent to $7.84 million for his work in 2013 after the bank missed profitability targets.

ACA International's Research Department reviewed 14,328 complaints received by the Consumer Financial Protection Bureau to determine trends, provide an analysis of the information behind the numbers and share recommendations for improvement.

Apollo Credit Agency Inc., a collection agency based in Lakewood, Colo., and general manager James Saddoris are facing a lawsuit in Colorado for allegedly failing to pay clients on accounts placed for collection.

Consumer Financial Protection Bureau managers are far more likely to rate white employees highly than minorities, data obtained by American Banker shows. The figures reflect broad personnel problems inside the agency and are likely to give rise to claims that it's failing to uphold standards it punishes others for violating.

The Consumer Financial Protection Bureau's employee ratings show the same sorts of racial patterns that it has castigated bankers for permitting in the loan market. American Banker staffers discuss what may be behind the numbers and what they may mean for bankers and policymakers.

Riverview Community Bank in Vancouver, Wash., has promoted Daniel Cox to executive vice president and chief credit officer.

Wells Fargo (WFC) has created a health care banking team within its corporate banking group.

Predictions vary widely on how hard it will be for foreign banks to comply with a new capital rule from the Federal Reserve. Many will have to sell branches or loans, or they may just need to shuffle some legal paperwork, depending on whom you speak with.