ALLENTOWN, Penn. – The credit union community is mourning this week’s loss of Fran Muto, recently retired president of $380-million credit union People First FCU since 1974.
Muto, who retired in July, served on the board of the Pennsylvania CU Association from 2003 to 2008 and was the recipient of the 2011 William W. Pratt Award for the Outstanding Professional of the Year.
The Department of Justice said that Birmingham, Alabama-based Regions sought forgiveness from the Small Business Administration for a Paycheck Protection Program loan that the bank should have known did not qualify.
Homebuyers applying for Federal Housing Administration loans in community property states are facing hurdles that current market conditions have heightened.
The latest acquisition activity points to the importance of decisions lenders make regarding their MSRs in 2026 and some considerations unique to each company.
The streamlining is designed to further expedite a process which allows mortgage companies to get a case number for loans on single units even if the building they're in doesn't have one.
Berkshire Hathaway's banking-related investment strategy is murky, after the arrival of new leadership and the sale of its stakes in Visa and Mastercard.
Amerant Bancorp in Coral Gables, Florida, appointed Carlos Iafigliola its permanent president and CEO; Morton Community Bank in Illinois reached a deal to buy a three-branch franchise in the Land of Lincoln; Bank First in Manitowoc, Wisconsin, agreed to acquire PSB Holdings; and more in this week's banking news roundup.
