Location Root Tag

The Seminole Tribe of Florida is reportedly seeking approval to form a bank and buy Valley Bank in Fort Lauderdale, Fla.

Under Roy Malone's direction, Golden Pacific Bancorp last year introduced an online lending platform that vastly speeds up the approval process for borrowers seeking Small Business Administration loans ranging from $5,000 to $150,000.

NBT Bancorp in Norwich, N.Y., has prepaid about $165 million in Federal Home Loan Bank borrowings.

The Office of the Comptroller of the Currency has closed Slavie Federal Savings Bank in Bel Air, Md.

The Federal Deposit Insurance Corp. is looking to ban a former Tennessee banker from the industry following his institution's 2012 failure.

The emergence of several regional banks in California could prompt smaller institutions to weigh their M&A options. Higher operating costs and limited revenue opportunities could also force more consolidation in the state.

Independent Bank Group (IBTX) in McKinney, Texas, is reportedly in talks to buy Houston Community Bank.

First Savings Bank of Perkasie in Pennsylvania has acquired investment advisor Longview Capital Management in Wilmington, Del.

MADISON, Wis. — Credit unions can expect reasonably good lending conditions as the financial crisis gets a little further in the rear-view mirror during the second half of this year, but they will continue to be challenged by regulatory pressure.

WASHINGTON — Financial institutions are still feeling negative effects from last year's sudden rise in medium- and long-term interest rates, but plenty of signs in the Federal Deposit Insurance Corp.'s latest industry update continue to point to a lending resurgence soon.

BIRMINGHAM, Ala. — Credit unions won't get much help from a slowly recovering economy during the second half of the year, say analysts who foresee minimal GDP growth and CUs still having to slug it out to find ways to drive ROA.

O'FALLON, Mo. — With big question marks over when interest rates will finally rise, what's coming down the regulatory pike and how the political landscape is going to change, credit unions need to keep their eyes peeled for both challenges and opportunities in the second half of 2014.

LAS VEGAS — To thrive in the second half of 2014, credit unions need to do some much-needed — if slightly belated — spring cleaning.

WASHINGTON — Now that the risk-based capital rule comment period is over, and a record number of letters reached NCUA, the credit union community's two main trade groups say the agency faces the tough task of reviewing and responding to the collective points.

BURBANK, Calif. — If Partners Federal Credit Union had a theme song, it would be "Be Our Guest," from the Disney hit musical "Beauty and the Beast."

Eastern Virginia Bankshares (EVBS) said Thursday that it has agreed to acquire Virginia Company Bank (VGNA) for $9.2 million in stock and cash.

The city of Providence, R.I., has sued Santander Bank, alleging that bank violated the Fair Housing Act by refusing to make prime mortgage loans available in minority communities.

DETROIT — The National Federation of Community Development Credit Unions' annual conference here earlier this month had two things that aren't often found at credit union confabs: slot machines and a positive attitude toward big banks.

Fifth Third Bancorp (FITB) of Cincinnati expects to report an $81 million gain in the second quarter after selling shares of payment process firm Vantiv (VNTV).

Cleveland's Third Federal Savings and Loan is adding three states to its growing national home lending presence.