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Hofts spent more than three decades serving the credit union movement across multiple states, including as CEO of the Kansas CU League.

Members of West York Area School District Employees Federal Credit Union approved the merger into First Capital, and the deal is expected to close this summer.

Thomas Lopp cited health reasons for leaving Sterling Bancorp less than six months after becoming CEO. Sterling has been dealing with revenue issues after shutting down its biggest lending program over underwriting concerns.

Ronald Belle will lead the Rome, N.Y.-based institution after Mark Pfisterer retires.

Trends in China such as mobile payments, omnichannel shopping and social commerce show us what a post-coronavirus world could look like for brands and retailers in the U.S., says Azoya International's Franklin Chu.

Organizers representing five tribes aim to create a financial institution to serve their members.

Local 229 IBEW Federal Credit Union, which had less than $2 million in assets, has merged into White Rose Credit Union.

COVID-19 diagnoses in McKinley County, which includes Gallup, account for nearly a quarter of the state's cases. That has forced officials to take drastic action.

The strength of the post-coronavirus recovery will determine if that's enough for the digitally focused challenger to battle well-capitalized banks.

TruStone Financial and Firefly Credit Union have announced plans to merge, pending regulatory approval and charter changes.

Consumer remittance behaviors are being forced to change, with senders and recipients moving to mobile wallets, bank accounts, and cards. But many still want cash.

The Illinois company will sell Bates Cos. to an undisclosed buyer less than two years after buying the wealth management firm.

The Wisconsin regional said the funds will support loan growth and its dividend policy as well as create an added capital buffer.

Employees of the $2.9 billion-asset credit union will receive one-time payments of $1,000, though executives and senior leaders are excluded.

Mastercard has promoted divisional president Mark Barnett as its new European president to succeed Javier Perez, who is retiring at the end of the year.

The $468 million-asset institution said expansion isn't required now but the move is a proactive attempt to ensure its long-term viability.

The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope.

The deal was expected to close this summer, but First BanCorp said a regulatory review is hitting snags.

Organizers of Rockpoint Bank still need to raise $30 million before opening.

The integration of Habersham Federal Credit Union into HALLCO Community Credit Union is expected to take several months.