Growth strategies

With prices rising rapidly and loan terms increasing, some institutions may want to consider adding a leasing option to their auto loan portfolio.

The company will pay $25 million in cash for Carroll Bancorp in a deal between Baltimore-area banks.

The South Florida company said Alberto Peraza, who played a key role in its 2018 initial public offering, is leaving for personal reasons.

Now known as Explorers Credit Union, the Yankton, S.D.-based shop serves consumers across South Dakota and Nebraska.

Richard Herrington's buyout pitch to smaller banks is to offer them a way to survive and keep their local brands.

The company agreed to buy Advantage Community Bancshares weeks after announcing a deal for Commerce Financial.

San Francisco Bay Area Educators Credit Union became part of San Francisco Federal Credit Union earlier this month.

Credit unions could be feeling some of the heat from critics of their bank takeovers, or simply gearing up for another round of activity.

Tony Aylsworth, chief risk officer, is taking over as president so CEO David Milligan can concentrate on acquisitions.

The companies spent much of the past decade completing smaller deals that created complementary footprints in the Southeast.

Executives outlined changes in energy lending policies, said that the largest U.S. bank has only scratched the surface in middle-market credits and discussed their preparations in case of an economic slowdown.

NCUA board member Mark McWatters defended the agency's position on credit union-bank purchases and called out the ongoing sniping on both sides of the argument.

WSFS, in an effort to catch up with bigger rivals, plans to upgrade digital channels in three years instead of five.

The company is buying a homebuilder finance portfolio with $47 million in loans and $80 million in commitments.

David Brager, the California company's sales division manager, will replace Christopher Myers on March 16.

Phenix Pride FCU in Alabama is one of several institutions Inclusiv and the African-American Credit Union Coalition are celebrating during Black History Month.

The Western Michigan city has been a hotbed of credit union activity given its low unemployment rate.

CardWorks also specializes in subprime credit cards and loans for recreational and marine vehicles.

The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%.

The company will pay $130 million for Commerce Financial Holdings.