Location Root Tag

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.

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.

TAMPA, Fla. — Florida Central Credit Union plans to purchase a branch of First Federal Bank of Florida.

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.

Financial Institutions (FISI) in Warsaw, N.Y. has agreed to buy Scott Danahy Naylon, an insurance agency in Amherst, N.Y.

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.

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.

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.

DOTHAN, Ala. — The National Credit Union Administration Wednesday approved the sale of Flint River National Bank to $260 million Five Star CU here, and the deal is scheduled to close in early June.

United Bank in Zebulon, Ga., has agreed to acquire Monroe County Bank in Forsyth, Ga.

FirstBank in Lakewood, Colo., has opened a new branch in Denver's newly renovated Union Station building.

READING, Pa. — Two credit unions' branches have become targets for thieves.

United Bank of Glastonbury, Conn., has hired three experienced former Bank of America mortgage bankers in West Springfield, Mass.

Waterford, Mich. — Oakland County Credit Union and BestSource Credit Union said they will merge effective Sept. 1 to create a credit union with almost $300 million in assets, 31,000 members and six branches.

Simmons First National (SFNC) in Pine Bluff, Ark., has agreed to buy Liberty Bancshares in Springfield, Mo.

First Horizon National (FHN) in Memphis, Tenn., has agreed to buy 13 branches from Bank of America (BAC).

Poage Bankshares (PBSK) has fended off a proxy challenge from activist investor Joseph Stilwell.

California Bank of Commerce (CABC) in Lafayette plans to raise $12 million through a secondary offering.

Royal Bank of Scotland's mission to sell its U.S. banking arm Citizens Financial Group to outside investors just got a major boost.

WSECU, a credit union that has replaced tellers with universal agents, offers a case study in how to sell the concept to employees.