FARMERS BRANCH, Texas – GENCO FCU President Billy F. Spivey will retire Oct. 12 after 52 years in the credit union movement (LoneStar Leaguer Sept. 28). Spivey has been president of the Waco-based credit union for 16 years. He previously was president of Texas Share Guaranty CU (1984-1991), Public Employees CU (1972-1984), and Waco VA FCU (1963-1972). He started his credit union career at William Cameron Employees FCU in 1955. Spivey has served on the boards and committees of the Credit Union National Association, National Association of Share Insurance Corporations, Texas Credit Union League Services, CUES Texas Council and the Texas Credit Union Commission. He was named the Texas Credit Union Professional of the Year in 2001.
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President Donald Trump's proposed budget would nix funding for Community Development Financial Institutions in minority heavy areas while expanding it for rural areas.
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Acquiring Country Club Bank would give Omaha-based FNBO 30 branches and nearly $3 billion of deposits in one of the Midwest's biggest markets.
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Vectra Bank Colorado President Bruce Alexander is retiring after 25 years with the bank; Unilever Federal Credit Union in New Jersey was shut down by NCUA; Vista Bank hired Bob Mahalik in preparation for Texas bank M&A; and more in this week's banking news roundup.
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Truist, Texas Capital and Citizens Financial are among the banks that will be forced to address shareholder dissatisfaction over executive pay.
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