Growth strategies

In addition to 11.5 percent loan growth and membership rising at its fastest rate since 1987, membership at Michigan's CUs is growing faster than the state's population.

Scott Custer resigned as a director and paid consultant to F.N.B. days after the Pittsburgh company bought Yadkin to enter North Carolina.

Tiny HECU had just 55 members, $170,000 in assets.

The California company will lease space on three floors of the building, while keeping a branch at the location.

Unlike most credit union conferences, if you’re under 40, you were too young to “crash” the Louisiana CU League’s annual meeting.

Mid Penn agreed to pay $59 million for Scottdale Bank in a deal that is expected to close in the third quarter.

The New Jersey company added a representative of Blue Harbour Group in Connecticut to its board.

First Bank, based in New Jersey, will pay about $27 million for Bucks County Bank in a deal that is expected to close in the third quarter.

Creative growth strategies are helping banks with $10B to $50B of assets — including Webster and TCF — improve profitability. These ‘tweeners’ deal with tougher regulations than smaller competitors without the scale larger ones have to absorb the expense.

H. Palmer Proctor has been the Atlanta company's president since 2004.

The Fed said it will conduct extensive reviews only of deals that create banks with assets of $100 billion, replacing the prior mark of $25 billion. The disclosure was included in the Fed's approval of People's United's purchase of Suffolk Bancorp.

Selling a participation in a line of credit to the Puerto Rico Electric Power Authority reduced the company's nonperforming assets by 9%.

First Busey will pay $133 million in cash and stock for Mid Illinois in a deal that should close later this year.

SBA lending is on a tear. Gulf Coast Bank & Trust is the latest institution to dive into doing this activity nationwide after buying CapitalSpring.

League representing Florida and Alabama credit unions will pay out more than $200,000 in dues rebates, bringing the grand total returned to members in recent years to more than $1.4 million.

Farmers National will pay about $7.8 million in cash and stock for the $43.3 million-asset Monitor in a deal that should close in the second or third quarter.

First Florida Credit Union is touting a banner year in 2016 and says plans are underway for an even better 2017.

After sponsoring the Poinsettia Bowl for 12 years, SDCCU will hang its name on bowl game with four decades of history.

Koger Propst was also named CEO of the company's $2.6 billion-asset ANB Bank.

Investar will pay $46 million in cash for Citizens, which has three branches and $246 million in assets.