The deal is for approximately $70 million in cash with Encore Capital making additional payments totaling $126 million to retire some of Atlantic Credit & Finance's debts and obligations.

Banner Corp. in Walla Walla, Wash., has agreed to buy Siuslaw Financial Group in Florence, Ore.

Peoples Bancorp in Marietta, Ohio, has raised $40 million through a private placement.

Peyton Patterson has resigned from Bankwell Financial in New Canaan, Conn., less than two months after she was ordered to pay $350,000 in Amex bills and had to resolve other personal financial matters. She had led the company since 2012.

Two separate cases involving collection agencies that allegedly violated federal debt collection laws were closed Thursday in settlements announced by the Federal Trade Commission.

Fifth Third Bancorp has agreed to pay about $1.5 million to settle allegations it discriminated against mortgage borrowers with physical disabilities.

A loyal patron of the Connecticut bank celebrated her upcoming 95th birthday with some flowers courtesy of the CEO and a chauffeured ride to the annual meeting.

Ocean Bank in Miami has signed a three-year agreement to put its name at the top of Florida International University's football stadium.

Heritage Bank in Jonesboro, Ga., became one of the first banks to retire trust-preferred securities held by the FDIC after a complex, year-long negotiation. The transaction could be a model for dozens of other lenders trying to avoid default and possible bankruptcy.

FICO has launched a credit risk prognosis tool financial institutions can use to stress-test their consumer loan portfolios.

A federal court has halted, pending litigation, an operation that allegedly stole hundreds of thousands of dollars from small businesses, doctors’ offices, retirement homes and religious schools by charging them for unwanted listings in an online directory.

PRA Group, an accounts receivable management firm formerly known as Portfolio Recovery Associates, reported second quarter financial results.

NXT-ID is working with Joey Fatone, former member of the boy band N*Sync, to kick off a series of celebrity endorsements for its biometric Wocket wallet.

Banks and other lenders appear to be waiting on a regulatory signal from the Federal Housing Finance Agency before approving loans for borrowers with less than stellar credit profiles.

Columbia Ultimate, an expert in technology and integrated solutions for the collection industry, has announced the addition of a Consumer Financial Protection Bureau session to its upcoming 2014 Art of Success conference.

Though some borrowers will suffer from payment shock when home equity lines reach their end-of-draw-period after 10 years, the risks are isolated. Fewer than 20% of home equity lines have an elevated risk of default in the next few years, TransUnion found.

Carolina Financial in Charleston, S.C., has agreed to acquire 13 branches in the Carolinas and additional assets from First Community Bancshares in Bluefield, Va.

Officials at PayPal said they were pleasantly surprised by the free plug that the electronic payment service got on a recent episode of "The Leftovers," a new HBO hit series.

As warehouse providers try to build market share with new types of credit lines, allowing mortgage bankers to fund non-QM loans is the logical next step to staying competitive.

Northrim BanCorp in Anchorage, Alaska, has agreed to buy Residential Mortgage Holding Co.