Joseph Kellard

The Securities and Exchange Commission has filed fraud charges against two attorneys it says stole money from small-business owners seeking commercial loans.

The University of Hawaii Federal Credit Union reported $1.3 million on assets of $583 million for the first quarter.

Approval from the Federal Reserve Board is all that stands between Bank of the Ozarks in Little Rock, Ark., and two acquisitions that will add $6.1 billion in assets.

The $7.5 billion CU announces Chief Executive Tom Dorety will retire at the end of 2016, and that a successor will likely be named in the fall.

National Credit Union Administration will form an internal working group to review its examination process, including the frequency of exams, says new Chairman Rick Metsger.

KeyCorp in Cleveland will open a regional headquarters in western New York as part of its acquisition of First Niagara Financial Group.

Guaranty Federal Bancshares in Springfield, Mo., has elected James Batten, a director of the company since 2006, as its next chairman.

First Connecticut Bancorp in Farmington has committed to making $5 million in small-business loans over the next year.

CU Companies added 12 new retail and correspondent mortgage lending partners since the end of 2015.

Community Development Financial Institutions (CDFIs), along with community development practitioners and the general public, are invited to comment on a proposed FY 2016 CDFI Prize Competition, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) said in a news release Wednesday.