Retail & Commercial

A U.S. district court has halted a collection operation that allegedly extorted payments from consumers by using threats of lawsuits and calculated campaigns to embarrass consumers by unlawfully communicating with family members, friends and coworkers.

Carrollton Bancorp (CRRB) announced Thursday that its chief financial officer had resigned from the company roughly 75 days after it hired him.

SouthCrest Financial (SCSG) in Peachtree City, Ga., has raised nearly $18 million from a group led by Castle Creek Capital.

Maria Mitchell, a 19th century U.S. astronomer with historic ties to Pacific National Bank of Nantucket, was commemorated with a special doodle on google.com Thursday.

First Horizon National (FHN) in Memphis and Sovereign Bank in Boston have joined many of their competitors in making it easier for customers to understand the fees on their accounts.

Most banks have been adding deposit share in some key markets while slipping in others. This graphic provides snapshots of how the battlefield is changing.

Ocwen is close to reaching a settlement with federal regulators and it appears the giant servicer will agree to make cash payments to borrowers who were harmed during the foreclosure process.

Increased stability among Georgia's banks also increases the odds of consolidation in the once-beleaguered state.

Outsiders were as excited as executives of the Columbus, Ga., bank after it repaid its Tarp funds, said CEO Kessel Stelling, who received scores of well-wishes.

Tompkins Financial in Ithaca, N.Y., said Thomas Rochon will become chairman after the retirement next May of James Byrnes, the $4.9 billion-asset company's founding chairman.