Retail & Commercial

The Office of the Comptroller of Currency has begun issuing its examiners "best practice" guidelines to end big banks' use of faulty records in the sale of defaulted consumer debt. The move could threaten billions of dollars of sales to collections agencies.

Downward pressure on loan pricing is putting a slight damper on otherwise positive results in American Banker's latest Index of Banking Activity.

An estimated 2.5 million Californians had personal information put at risk in 2012 through some type of electronic data breach, according to a report from Attorney General Kamala Harris' office.

Peoples Bancorp in Marietta, Ohio, plans to enter the Cleveland market by acquiring Ohio Commerce Bank in Beachwood.

The former president of the failed Mutual Bank in Harvey, Ill., has been banned from the banking industry by the Federal Deposit Insurance Corp.

Eastern Virginia Bancshares (EVBS) has closed a $5 million rights offering. The offering followed a $45 million private placement announced in March, in which the company sold a 30% stake to institutional investors.

Capital One Financial (COF) announced plans Tuesday to repurchase up to $1 billion of its common shares, contingent on the previously announced sale of a credit card portfolio to Citigroup (NYSE: C).

Northeast Bancorp (NBN) in Lewiston, Maine, can now make owner-occupied commercial real estate loans without fear of exceeding a cap on such loans imposed by regulators.

John Kanas is losing his top lieutenant at BankUnited (BKU) in Miami Lakes, Fla. The $12.7 billion-asset company said Tuesday that John Bohlsen has resigned as chief lending officer and vice chairman for personal reasons.

Unity Bancorp (UNTY) in Clinton, N.J., has received approval to buy back its remaining shares issued to the Treasury Department through the Troubled Asset Relief Program.