Joseph Brancucci, vice president of lending and chief lending officer, Boeing Employees Credit Union, Tukwila, Wash., has been named chair of the CUNA Lending Council. Also elected to the executive committee were Marcella Wevley, director of retail lending and development for USA FCU, San Diego, and Allan Stevens, VP with Franklin Mint FCU, Broomall, Penn. Other members of the committee include Chris Oldag, SVP of lending, Patelco Credit Union, San Francisco, as vice chair; Phillip Greer, SVP of loan administration for State Employees Credit Union, Raleigh, N.C., as secretary-treasurer; Herb Behrens, director of mortgage lending, Baxter CU, Vernon Hills, Ill.; Sharon Gaugler, VP-lending, Austin Area Teachers FCU, Texas, and Linda Winkfein, VP-lending services with the Texas league.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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