Location Root Tag

The real estate developer-turned-savings-and-loan honcho was the face of the S&L crisis, and his influence over five senators made for a heck of a scandal.

Many mutuals feel pressure to sell or switch charters. But there's another option.

The deal’s approval following months of uncertainty represents a significant milestone in the DOJ’s controversial Operation Choke Point probe.

State regulators in South Carolina closed the $54 million-asset Allendale County Bank late Friday.

Community West Bancshares (CWBC) in Goleta, Calif., said it will redeem almost half of its outstanding preferred stock issued under the Troubled Asset Relief Program.

Drexel Hamilton, a startup broker-dealer making inroads in capital markets, pairs Wall Street pros with disabled military veterans, training the latter for new careers. It's a nice story, but in the ultra-competitive market of small-bank advising, will it sell?

Korean-American banks have been challenged by an aging core customer base, which threatens growth. Hanmi Chief Executive C.G. Kum plans to respond with a national SBA program and plans to court other immigrant communities.

Amalgamated Bank in New York has named a president to succeed Ed Grebow, but the union-owned bank is still looking for a permanent chief executive.

WASHINGTON — CUNA and NAFCU recently asked NCUA — for a second time — to extend the comment period on the proposed risk-based capital rule another 90 days, and once again the agency said no.

United Community Bancorp (UCBA) in Lawrenceburg, Ind., has appointed Elmer McLaughlin as its new chief executive and president.

People's Bank of Commerce (PBCO) in Medford, Ore., has restated its full-year 2013 and first-quarter earnings to reflect higher profits after correcting its reporting on foreclosed properties.

Pacific Valley Bank (PVBK) in Salinas, Calif., will restate certain earnings after a review of its loan portfolio caused it to question certain loan classifications.

Provident Financial Services (PFS) in Iselin, N.J., reported a dip in quarterly profits because of lower fee income and higher operating costs.

First Financial Holdings (SCBT) in Columbia, S.C., reported a big leap in first-quarter profits thanks largely to double-digit growth in its loan portfolio.

TowneBank (TOWN) in Suffolk, Va., said that improved credit quality helped boost its first-quarter earnings 6.3% from a year earlier, to $11.1 million.

COVINA, Calif. — Performance objectives for the executive team can't be too general that they prevent a leader from directly influencing the objective, advises Executive Compensation Solutions.

ALEXANDRIA, Va. — In casting the lone vote Thursday against passing the final rule on capital planning and stress testing, NCUA Board Member Michael Fryzel held some of the same concerns voiced by credit unions and the CU trade associations about the proposal.

WEST JORDAN, Utah — New hires at Cyprus FCU now pull out their smartphones and tablets during 90 minutes of training on all of the credit union's electronic services.

SAN ANTONIO — With increased branch staff reductions and adjusting bottom lines, more credit unions are looking to streamline operations. To this end, many are turning to technologies that support employee forecasting and scheduling capabilities.

Memo to credit unions that thought they were safe from the Heartbleed vulnerability because they don't use OpenSSL: Think again, say experts.