Banking

Farmers Capital Bank in Frankfort, Ky., has completed the redemption of its Troubled Asset Relief program preferred shares for about $10.1 million.

Evangelist Franklin Graham said he will close his ministries' accounts at Wells Fargo after the bank ran advertisements featuring a lesbian couple, the Charlotte Observer reported.

The harsh capital treatment of Trups holdings under Basel III undoes the regulatory relief already extended to community banks that had invested in the securities.

Egypt's Commercial International Bank agreed to acquire Citibank Egypt's retail unit as the U.S. bank withdraws from less profitable emerging-market businesses.

The sheriff of Wall Street is moving on — much to the elation of the financial services sector. Benjamin Lawsky, superintendent of the New York Department of Financial Services, is departing from his position this June. But he is likely to leave a lasting impression on the culture and mission of the department.

Hanmi Financial in Los Angeles has hired a former executive at Opus Bank to fill a newly created strategy post.

Four Oaks Fincorp in Four Oaks, N.C., will soon have a new chief executive.

Debt collector James A. Havassy and his company, Hamilton Law Group, are defendants in a lawsuit alleging they intimidated family members into paying medical bills.

The former head of a now-defunct health care lending unit at JPMorgan Chase is starting a new firm that will offer financing for patients seeking dental, orthodontic and vision care.

The Consumer Financial Protection Bureau fined RPM Mortgage and CEO Rob Hirt $20 million for illegally paying bonuses and higher commissions to loan agents to lead people into more expensive loans. Hirt said the company did nothing wrong.

As it continues to build innovative features in its digital apps, such as its own virtual assistant and biometric authentication, USAA is trying to make a one-on-one connection with its members, says Christopher Cox, head of digital experience delivery for the San Antonio company.

Jamie Armistead is focusing Bank of the West's mobile and online efforts on design principles.

In a letter to nine lenders, New York Attorney General Eric Schneiderman said investigators uncovered identity-theft schemes hatched by tellers at some of the biggest institutions.

Choice Financial Holdings in Fargo, N.D., has agreed to purchase Northland Financial in Steele, N.D.

Community Investment Corp. has raised $200 million from about three-dozen banks to acquire and rehabilitate thousands of affordable rental-housing units in the Chicago area.

The Louisiana Real Estate Appraisers Board said Coester Appraisal Management Group did not violate state law for failing to pay appraisers "customary and reasonable" fees, and that its executive director "misspoke" about a stipulation and order with the AMC.

Several weighty issues remain on the agenda for policymakers over the next few months, including everything from living wills to regulatory relief to a long-lost compensation rule.

Boston Private Financial Holdings has given its president, Mark Thompson, the additional title of chief executive for its Boston Private Wealth division.

AMG National in Denver has bought a minority stake in an applications and software developer.

Many community banks are trying to determine the right balance of in-house staff and outsourced assistance in the area of risk management. Cost cutting and regulatory oversight loom large over such decisions.