Retail & Commercial

A former chief executive of First Community Bank has been sentenced to two years in federal prison for running a mortgage-fraud scheme that cost the Hammond, La., bank millions.

Mortgage lending activity was weaker than expected in the first quarter and the result is likely to be slimmer profit margins for a number of banks, according to Paul Miller, a managing director at FBR Capital Markets.

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Milan-based mobile point-of-sale startup Jusp has secured $6 million in an initial round of funding for its chip-and-PIN mobile card reader, which it plans to launch in Italy.

Baseball players are told from an early age to keep our eye on the ball. In credit card banking, we should be told to keep our eye on the "spend."

Thomas Brouster believes the capital could make an acquirer out of a company that he once pegged as seller.

CEO Wayne Patenaude wants to double the mutual thrift's mortgage originations over the next four years while continuing to devote resources to commercial lending.

Bond Street Holdings has offered jobs and merger-related payouts to two Atlantic Coast Financial (ACFC) executives — but not the president and chief executive — once the Florida companies complete their deal.

Central Bancshares in Muscatine, Iowa, plans to consolidate three of its bank subsidiaries under one charter.

PXT Payments, which operates the mobile payments and rewards app "looped in," is partnering with Boston College-based startup Jebbit for a student-focused marketing program that combines mobile payments and gaming.