Retail & Commercial

The $356.6 million-asset company issued 2.8 million shares of common stock to investors at a purchase price of $1.00 per share.

David Matson will serve on the board's asset and liability committee and on its newly created risk management committee, according to First BanCorp's Tuesday filing with the Securities and Exchange Commission.

James Mackey will become executive vice president and CFO of the government-sponsored enterprise the week of Nov. 11, Freddie announced Monday.

With nearly 140 banks and a forecast for sluggish growth in the next decade, the city should be primed for consolidation. One big problem: few bankers seem interested in selling.

Carol Galante, the Federal Housing Administration's commissioner, sought to clarify the agency's plans for a government shutdown on Tuesday, emphasizing that it will continue to endorse single-family loans during the shutdown in contrast to earlier reports.

The $656 million-asset company will sell up to $25 million of common stock in a public offering, according to a Monday filing with the Securities and Exchange Commission.

The Federal Reserve Board has ordered Trinity Capital Corp. in Los Alamos, N.M., to improve its capital position.

JPMorgan Chase (JPM) is launching a new program called Mission Main Street Grants to support small businesses, with help from Google.

Timothy Pawlenty, president and chief executive of the Financial Services Roundtable, said Tuesday that housing finance reform is unlikely to pass until after the 2014 mid-term elections.

Internet-based, short-term lenders have various routes for setting up business, but most of their options expose them to potential legal challenges.