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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.
May 30 -
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.
May 30 -
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.
May 30 - Missouri
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.
May 30 -
LAS VEGAS To thrive in the second half of 2014, credit unions need to do some much-needed if slightly belated spring cleaning.
May 30 - Washington
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.
May 30 - California
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."
May 30 -
Eastern Virginia Bankshares (EVBS) said Thursday that it has agreed to acquire Virginia Company Bank (VGNA) for $9.2 million in stock and cash.
May 29 -
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.
May 29 - Michigan
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.
May 29 -
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).
May 29 -
Cleveland's Third Federal Savings and Loan is adding three states to its growing national home lending presence.
May 29 -
The National Credit Union Administration has approved the sale of Flint River National Bank in Camilla, Ga., to Five Star Credit Union in Dothan, Ala.
May 29 - Illinois
SCHAUMBURG, Ill. John Fiore, who has been with $885 million Motorola Employees Credit Union for 45 years including the last 29 as its president and CEO on Wednesday announced he will retire on Aug. 29.
May 29 -
TAMPA, Fla. Florida Central Credit Union plans to purchase a branch of First Federal Bank of Florida.
May 29 -
Solera National Bancorp (SLRK) lost its proxy battle at the ballot box, though the Lakewood, Colo., company still hopes it can win in the courtroom.
May 28 -
Financial Institutions (FISI) in Warsaw, N.Y. has agreed to buy Scott Danahy Naylon, an insurance agency in Amherst, N.Y.
May 28 -
The head of a California mortgage lender who perpetrated a $5.3 million mortgage fraud scheme against Ally Financial will serve more than four years in prison.
May 28 -
Seacoast Commerce Bank (SCCB) in San Diego has opened a new loan production office in Boise, in an effort to extend its Small Business Administration lending business to Idaho and eastern Washington.
May 28 -
The Arkansas company has been aggressive this year, agreeing to buy banks with a total of $3.4 billion in assets. The buying spree is partially driven by a currency lifted by a bankruptcy deal Simmons First completed last year.
May 28







