Banking

Patrick Pinto, a former vice president at Oxford Collection Agency, was sentenced Tuesday in federal court to two years of probation for bribing an executive at U.S. Bank. Pinto also must pay a $10,000 fine and perform 100 hours of community service.

ROCKVILLE, Md. – The National Institutes of Health FCU has hired a real estate consultant, Scheer Partners, to find it a 20,000-square-foot property near the area’s biotechnical hub for a new headquarters.

Richard Carrión's loss is Popular's gain. He would have stepped down as CEO of the Puerto Rico bank had he won the presidency of the International Olympic Committee, but he lost to Germany's Thomas Bach.

WASHINGTON — Senate Banking Committee Chairman Tim Johnson, D-S.D., and Elizabeth Warren, D-Mass., are urging the Federal Housing Administration to change an employment eligibility requirement for borrowers looking to modify their mortgages.

Zions Bancorp. (ZION) in Salt Lake City plans to auction up to $250 million of debt through its online broker-dealer subsidiary.

The Silicon Valley startup works through a set of telephone protocols to triangulate cell phones — no apps needed.

Atlantic Coast Financial (ACFC) in Jacksonville, Fla., has picked a veteran of Fifth Third Bancorp (FITB) and the former Wachovia to be its new chief executive.

Evertec (EVTC), a payments business Popular started 25 years ago, filed a secondary offering with the Securities and Exchange Commission on Monday to sell 20 million shares, including 9 million shares currently held by the $37 billion-asset Popular.

CoBiz Financial in Denver has named new leadership at its banking franchise. Jonathan Lorenz has been named chairman of the board and Scott Page will replace Lorenz as chief executive at Colorado Business Bank and Arizona Business Bank.

Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, said Tuesday that she is preparing to unveil an alternative housing finance reform proposal to rival more conservative legislation backed by many House Republicans.

Loan growth has become stagnant, if not declined, said most regional bank executives speaking at an industry conference this week. Many blamed continued caution by corporate borrowers.

The underwriters of Independent Bank Corp.'s (ICBP) recent offering plan to buy an additional $13.4 million worth of the company's stock.

At the beginning of the month, U.S. Bancorp purchased the other half of its supply chain joint venture, Syncada, from its partner Visa.

City National Bank (CYN) in Los Angeles has combined two wealth management businesses into an investment advisory firm that manages $20 billion.

F.N.B. Corp. in Hermitage, Pa., is setting up a regional headquarters in downtown Baltimore.

FirstMerit, M&T Bank and New York Community Bancorp are buyers in different stages of the acquisition process, and their executives together provided an insightful look into the full M&A experience this week.

The rate at which banks approved small-business loans rose in August, as large banks approved the highest percentage of loan applications since the financial crisis began.

Wells Fargo, the nation's largest mortgage lender, is exploring the sale of some servicing rights because the market is flush with potential buyers and it sees little opportunity to cross-sell many servicing clients.

Lighter Capital is mining Big Data to analyze credit risk from a novel source: the sales pipeline. The startup is pulling information about prospective business borrowers from Salesforce's Customer Relationship Management system into its online lending platform.

The hacktivist collective known as "Anonymous" has threatened a September 11 attack on bank servers. Observers expect the attack could have the same impact as one the group threatened on May 7 — which is to say, none.