Career moves

The Bancorp has named Hugh McFadden its chief operating officer, replacing an executive who had joined the Wilmington, Del., company just 16 months earlier.

Former U.S. Rep. Steve LaTourette, original co-author of the Credit Union Membership Access Act, passed away on Wednesday night after battling pancreatic cancer. He was 62.

Community Bank of the Chesapeake in Waldorf, Md., has handed its chief risk officer some serious additional duties. James Burke became president of the $1.2 billion-asset bank on July 28; he will remain risk chief and an executive vice president, also.

Digital Asset Holdings has hired a former RBS executive to be its chief financial officer. The hire was one of several new recruits the New York blockchain startup announced Tuesday.

Some branch deals come with added value. A case in point is the $2 billion-asset Old Second Bancorp's agreement to buy a branch in Chicago from Talmer Bancorp in Troy, Mich. in a deal that includes deposits, assets and a vice chairman.

Indiana MBA taps CU mortgage officer for board seat and other credit union advocates in the news.

A BB&T unit that finances power equipment has a new president.

Credit unions give back with book drives, first-time homebuyer tutorials and more.

Middleburg Financial in Virginia, which recently faced criticism from its biggest investor, has a new chairman.

Briarwood, N.Y.-based Melrose Credit Union has announced the appointment of Steven Krauser as interim CEO after the $1.9 billion credit union fired previous CEO Alan Kaufman, who held the position while the CU’s investments in taxi medallion loans hit worrying levels of delinquency.