Jacob Passy

Though lending is still where much of a CU’s income comes from, and CUs have seen 18 straight quarters of loan growth, CUs are seeing weaker profits, according to SNL Financial.

Huntington Bancshares in Columbus, Ohio, has agreed to sell its fund-servicing business, Huntington Asset Services, to Ultimus Fund Solutions, a provider of back-office and other services for small and midsize advisers.

Calvin B. Taylor Bankshares in Berlin, Md., has named professionals from the hospitality and accounting industries to its board.

BankUnited expects to receive about $393 million in proceeds from the offering. It plans to use the proceeds for general corporate purposes, including investments in and advances to its bank subsidiary.

Czech bank Komercni Banka has tapped Spire Payments to roll out more than 6,000 point-of-sale devices for the bank in its home country.

Centrue Financial in Ottawa, Ill., has named a new chairman, after its longtime chairman resigned for health reasons.

Goldman Sachs Chooses Managing Directors; Citi Rethinks Branches

MasterCard has made a series of changes to its executive slate, including the appointment of a chief information officer.

MasterCard has made a series of changes to its executive slate, including the appointment of a chief information officer.

East West Bancorp has been placed under an enforcement action for anti-money-laundering compliance weaknesses, as it continues a plan to spend an estimated total of $12 million on program upgrades.

Apple Eyes P2P Payments; Bank Recruiting Lags

Stonebridge Financial in West Chester, Pa., plans to sell its bank through bankruptcy proceedings.

Mid Penn Bancorp in Millersburg, Pa., plans to exit the Small Business Lending Fund program and redeem a separate pool of preferred stock through an upcoming debt sale.

Western Union has named Elizabeth Chambers as the company’s chief strategy and product officer.

Central Bank of Kansas City in Missouri has agreed to issue prepaid cards for Cachet Financial Solutions in Minneapolis.

Minneapolis Fed Picks Ex-TARP Head as Chief, JPM Hackers Charged

Banc of California in Irvine has named executives to the newly created positions of chief strategy officer and chief investment officer.

BofA Takes On Data Aggregators; European Banks Struggle to Heal

M&T Bank has begun dismissing former Hudson City Savings Bank workers in New Jersey, following the completion of its acquisition of the company.

National Bank Holdings in Greenwood Village, Colo., has negotiated an early termination of the loss-share agreements that backed up its acquisitions of two failed banks.