Location Root Tag

PETERBOROUGH, N.H. — Bank credit card growth last year outpaced credit union card growth for the first time since 2007, a figure cards experts say indicates much tougher competition is ahead for CUs, especially around rewards.

Howard Bancorp in Ellicott City, Md., has agreed to buy a branch from Rising Sun Bancorp in Rising Sun, Md.

MEMPHIS — The last few years have been rough for Agility Financial Credit Union.

HONOLULU — Three staff members of OTS Employees FCU, including the former manager, were charged Wednesday with embezzling nearly $490,000 from the credit union.

Bryn Mawr Bank (BMTC) in Pennsylvania will have a new chief executive at the end of this year.

Midland, Texas, is the latest in a growing number of cities proposing an ordinance that affects payday lenders, or credit access businesses.

Seacoast Banking Corp. of Florida (SBCF) in Stuart has agreed to buy The Bankshares in Winter Park, Fla.

Three of Certus' ousted executives depict a behind-the-scenes struggle at the Greenville, S.C., bank as management, directors and investors were often working at cross purposes. The lawsuit also discusses a possible merger with an unnamed bank that never took place.

Improved credit quality and income from venture capital and private equity investments helped SVB Financial (SIVB) in Santa Clara, Calif., more than double its first-quarter profits.

TFS Financial (TFSL) in Cleveland boosted first-quarter profits by 28% as improved credit quality allowed it to chop its loan-loss provision in half.

Aided by strong growth in loans and income from trust services, City National (CYN) in Los Angeles reported net income $54.5 million the first quarter, up 6% from the same period last year.

Harvard Illinois Bancorp wants to name the son of a retiring director to replace him. It says the son is qualified for the job, but investor Joseph Stilwell -- who is backing another nominee to the board -- disagrees.

First Merchants Corp.(FRME) in Muncie, Ind., is benefiting from loan growth after a recent acquisition.

Reliant Bank in Brentwood, Tenn., is reportedly in talks to sell itself with Commerce Union Bank in Springfield, Tenn.

LONGVIEW, Wash. — Cowlitz CU here has announced that it will merge with Red Canoe CU.

An plunge in income tax expenses and organic loan growth helped propel Valley National Bancorp (VLY) in Wayne, N.J., to a solid first quarter.

ALEXANDRIA, Va. — NCUA approved a final rule on capital planning and stress testing at its open board meeting Thursday that contained some changes — but maybe not enough to satisfy credit unions.

Voyager Bank in Eden Prarie, Minn., officially named John Kimball as its new chief executive officer.

WASHINGTON — The Consumer Financial Protection Bureau unveiled a new pilot program Wednesday designed to allow consumers the ability to electronically review and file mortgage closing documents.

BankUnited (BKU) in Miami Lakes, Fla., reported higher quarterly earnings after selling some commercial loans.