JEFFERSON CITY, Mo. – The management and boards of 10 small credit unions that serve the Missouri Department of Transportation’s 10 districts will have to look for new facilities after a budget-cutting move by the state expelled them from their decades-old offices on state property.

In what would be the biggest credit union merger to date, Addison Avenue Federal Credit Union and First Tech Credit Union have announced an agreement to combine and create a credit union with almost $5 billion of assets.

MetroCorp Bancshares Inc. in Houston announced a revision to its fourth-quarter results, widening its loss largely as a result of additional loan-loss provisioning.

Heritage Oaks Bancorp in Paso Robles, Calif., said it plans to raise $60 million through a private placement of preferred shares.

PAB Bankshares Inc. in Georgia says it plans to raise $85 million through a common stock offering.

Tower Bancorp Inc. in Harrisburg, Pa., doesn't mind taking on the problem assets of First Chester County Corp., but it wants no part of its mortgage business.

The Federal Reserve is requiring Idaho Bancorp to submit a plan to maintain sufficient capital.

SAN ANTONIO – Generations FCU is the latest credit union to partner with Goodwill Industries and opened a branch in a Goodwill store here.

AUSTIN, Texas – Amplify FCU, a former IBM employees credit union, said it hopes to build as many as 15 branches over the next three years.

Brookline disclosed last week that George C. Caner Jr. had resigned from the $2.5 billion-asset company's board of directors.

The closing of the sale of Harleysville National Corp. to First Niagara Financial Group of Buffalo has been pushed back.

MIDWEST

FirstMerit Corp. of Akron, Ohio, will need sharp elbows as it expands into the city of broad shoulders.

As reform moves forward, Congress should focus risk retention on securities and high-risk assets that have been proven to generate high defaults, market imbalances and disruptions.

President Obama now has an historic opportunity to make sure that the small group of governors that runs the Fed represents consumers and not just the banking industry.

U.S. revolving credit, 98% of which is credit card debt, fell to $864.4 billion in January from a revised total of $866.1 billion in December, marking the 16th consecutive month that saw Americans shed credit card debt, according to the Federal Reserve's latest G.19 report.

[Re "Politics, Economics Clash in CUs' Bid to Lift Cap," March 8]Doubling the credit unions' member business loan limit won't increase small business lending or create jobs.

The Federal Reserve is requiring Idaho Bancorp, which operates the Idaho Banking Co., to submit a plan to maintain sufficient capital.

BURLINGTON, N.C. – Proponent FCU, chartered to serve employees of Hoffman-LaRoche’s New Jersey headquarters, has opened a 16,000 square-foot branch and administrative offices to serve the pharmaceutical giant’s employees here.

APPLETON, Wis. – Community First CU has opened a branch at Jefferson Elementary School.