Midwest Corporate Federal Credit Union in Bismarck, N.D., has become the first corporate credit union to voluntarily liquidate in the face of daunting new capital and other regulatory requirements from the National Credit Union Administration.

The $1.46 billion-asset company said in a filing Monday with the Securities and Exchange Commission that L. Anderson Creel will resign at the end of the year.

Signaling its intention to continue growing in Florida, Stearns Bank in St. Cloud, Minn., has named veteran banker Tramm Hudson as the president of its Florida operation.

With many competitors eschewing the interest-rate-sensitive housing market, First PacTrust took the opposite tack, agreeing to pay $17 million for Gateway Bancorp.

Many community banks have drifted in recent decades from core small-business and consumer lending toward financing commercial real estate.

The only CEO in the history of Kaiser Federal Bank in Covina, Calif., is stepping down at the end of this month.

Signaling its intention to continue growing in Florida, Stearns Bank in St. Cloud, Minn., has named veteran banker Tramm Hudson as president of its Florida operation.

Striking its second deal in three months, Opus Bank in Irvine, Calif., said it is buying the $682 million-asset RMG Capital of Fullerton, Calif., for $50 million in cash.

COLONIE, N.Y. – CAP COM FCU said yesterday it has acquired a branch in Glen Falls, N.Y., from Baxter CU of Illinois.

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The former chief executive of Community Link Federal Credit Union in Huntington, Ind., claims he was fired as head of the $20 million-asset credit union because he shared information with examiners for the National Credit Union Administration on potential conflicts of interest on the board and other regulatory violations.

Data on bank branch deals announced so far this year shows a median deposit premium of 4%, an improvement of more than 60 basis points from the levels of the last two years.

The president of the Kansas City Fed sat down with American Banker to talk about a range of topics, including the missed opportunity to eliminate 'too big to fail' in Dodd-Frank.

Johnson Bank in Racine, Wis., has a new chief executive officer for the second time in less than six months.

JPMorgan Chase & Co.'s push into California is a blessing or a curse, depending whom you ask, but it is definitely having a competitive impact.

Upstart Opus Bank in Irvine, Calif., is embarking on an ambitious branch expansion plan to go along with is acquisition of a Seattle-area bank.

Two weeks after announcing plans to open its first retail branch in Los Angeles County, First PacTrust Bancorp Inc. in Chula Vista, Calif., has struck its deal to buy a bank there.

Pacific Capital Bank has ditched its name and is consolidating its five separately branded banks under the name Santa Barbara Bank & Trust N.A.

JACKSONVILLE, N.C. – Navy FCU will open a new branch this morning near Marine Corps Base Camp Lejeune and Marine Corps Air Station New River.

Frontier State Bank's continuing legal battle with the Federal Deposit Insurance Corp. is gaining more attention from other revenue-starved banks.