Corporate governance

The company will pay $29 million for a bank located northwest of Grand Rapids.

Dort Financial is the latest to switch from a federal charter to a state charter, a move that also widens its field of membership.

The SAFE Banking Act is on hold after Sen. Mike Crapo announced his opposition to it. One observer suggested that could have a "chilling effect" on CUs looking to enter the pot banking space.

Whitefish FCU in Montana and Hanscom FCU in Massachusetts have both returned money to members on the strength of those institutions' 2019 performance.

Steuben Trust received two bites from potential MOE partners, but the New York bank’s lightly traded stock and many other challenges forced a sale to a much larger rival instead.

Franklin Financial CEO J. Myers Jones is trying to reduce his company's exposure to shared national credits and health care loans, which have enjoyed solid yields but come with a downside.

The Maine-based credit union saw several successes this year despite a slip in net income.

The Wisconsin-based institution's $4 million return is double what it paid out just five years ago.

Credit unions bought banks at a record pace in 2019, but just a decade ago it had never been done before. Gary Easterling helped change that.

Intense scrutiny from poker-faced CEO Charlie Scharf is prompting executives at the bank to ponder their units’ strategies — as well as what’s in store for their own careers.