Finance

The Bedford, Ind.-based credit union distributed a $2.7 million dividend to members in recognition of a year that saw loan growth exceed 9%.

The San Jose, Calif.-based credit union decided to make the change because there were too many other financial institutions with a similar name.

The company plans to use the new capital to pursue growth opportunities.

The Houston-based institution said investments in financial technology have led to operational efficiencies that enabled it to return more than $263,000 to members.

The Montana company agreed to buy Heritage Bancorp for $241 million.

Today’s global citizens face risks that extend far beyond crumbling highways. Although reliable physical infrastructure is necessary for economic growth, immature and anemic payment infrastructures may present another serious threat to the global economy, writes Tomas Likar, head of business development and strategy at Hyperwallet.

The first quarter proved sluggish for overall merger activity. Here are notable deals announced in March.

The Delray Beach-based credit union entered into the deal as part of a broader expansion push along Florida's Treasure Coast.

Large investment houses see an opportunity to improve financial conditions for contract workers, accelerate evolution away from cash to digital payments, expand the smartphone as a commerce device and streamline user experience.

The Illinois company will pay about $10 million, and redeem $23.5 million in trust-preferred stock, as part of the deal.