Location Root Tag

Many people in Florida were sure that M&A would pass over the Sunshine State for years after the financial crisis. But a recent influx of deals suggests that Florida hasn't lost its luster.

HOUSTON — Two small credit unions in this fast-growing city have been absorbed into larger entities as the result of mergers.

WASHINGTON — XCEL Federal Credit Union, Bloomfield, N.J., and Michigan State University FCU, East Lansing, Mich., took top honors as the National Association of Federal Credit Unions named the winners of its 2014 Annual Awards.

TS Banking Group in Treynor, Iowa, has agreed to buy Tioga Bank Holding Co. in Tioga, N.D.

CertusBank fired its founders for providing inaccurate budgets and for failing to devise a strategy after its failed-bank deals dried up, the Greenville, S.C., company said in court filings.

ALEXANDRIA, Va. — As comment letters on the proposed risk-based capital rule flood into NCUA, the agency said it may consider delaying the rule's effective date.

Solera National Bancorp (SLRK) in Lakewood, Colo., has one less activist investor to worry about. The $168 million-asset company disclosed late Friday that Kathleen Stout, a former company executive, has withdrawn her nomination of eight director candidates.

Malvern Bancorp (MLVF) in Paoli, Pa., is facing activist pressure to sell itself.

Illinois state regulators closed the $66.3 million-asset AztecAmerica Bank in Berwyn on Friday.

Sandy Spring Bancorp (SASR) in Olney, Md., said its second-quarter earnings will be reduced after a Maryland jury awarded a $6.05 million verdict in a case involving a former employee.

The $1.7 billion-asset Carlile — founded in 2009 to acquire banks in Texas and elsewhere — has agreed to buy Community Bankers Inc., Carlile President Don Cosby said Friday.

Subpoenas have been issued by South Carolina's Attorney General's Office in connection to allegations of financial mismanagement by former executives of CertusBank.

HCBF Holding in Fort Pierce, Fla., has agreed to buy Highlands Independent Bancshares in Sebring, Fla.

LOVES PARK, Ill. — Police are still searching for an armed robber who discharged his weapon inside the main office of Rockford Bell Credit Union Thursday before fleeing from the CU with an undisclosed amount of money.

Community & Southern Holdings in Atlanta has agreed to buy Alliance Bancshares in Dalton, Ga.

ANB Bank in Denver has agreed to buy Capital West Bank in Laramie, Wyo.

MOORE, Okla. — One year after a devastating EF-5 tornado leveled this town and destroyed the Tinker FCU branch here, employees who survived that day — riding out the storm in the CU's vault — are back at work.

FITCHBURG, Wis. — Summit CU remodeled its branch here in early 2013 as part of a move to "inspire" members to dream more, and the project appears to have paid off.

There are two basic ways to boost the bottom line: increase profit, decrease expenses.

EL SEGUNDO, Calif. — As checking rates finally begin to inch upward this year, CUs are well ahead of banks in the average yield paid on checking products, according to GoBankingRates.