Mid-States Corporate FCU has named Minnesota credit union executives to serve on a newly formed Minnesota Advisory Group. The group will serve in an advisory capacity to Mid-States' board of directors and management on matters of concern to the Minnesota membership and follows the merger of Minnesota Corporate with Mid-States. The members are: Pat Brekken of Richfield Bloomington CU; Gene Carroll of Pipefitters Steamfitters CU; Linda Given of Co-op CU; Bonny Godtland of IBEW 110 FCU; Gail Krall of Minnesota Power Employees CU; Lon Krueger of Hormel Employees CU; Pam O'Connell of Heartland CU; Bill Raker of US Federal CU; Don Rutten of Red Wing CU; Dan Stoltz of Twin City Co-ops FCU; Dave West of Otter Tail Power Employees CU. Two former Minnesota Corporate board members have been named to the Mid-States' board: Kyle Markland of Affinity Plus CU and Steve Ahlness of Greater Minnesota CU.
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The same groups want the Securities and Exchange Commission to drop its breach-disclosure rule while asking Congress to keep a confidential threat-sharing law.
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City National Bank appointed longtime executive David Cameron as chief operating officer; JPMorganChase is selling a limited-edition Lego version of its new midtown Manhattan headquarters; Esquire Financial Holdings received regulatory approval to complete its acquisition of Signature Bank in Chicago; and more.
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CEO Lynn Harton said his Greenville, South Carolina-based bank struggled the past year to keep Navitas from overshooting the limit the bank set for its expanding portfolio, about 10% of total loans.
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The megabank has completed the sale of its consumer banking business in Poland. It has now sold 10 retail-focused franchises in certain underperforming, international markets over the past five years.
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