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ORLANDO — CUSO leaders were given an update on NCUA's relatively new oversight of their operations by a trio of agency reps at the NACUSO annual meeting here.

Unity Bancorp (UNTY) in Clinton, N.J., plans to raise up to $6 million through a rights offering.

Robert Wilmers, chairman and CEO of M&T Bank, told shareholders at its annual meeting that times are tough for banking and that the continued delay of its Hudson City deal, and associated high costs, are disappointing. But he insisted that the deal is still worth doing.

National Penn Bancshares (NPBC) in Allentown, Pa., dropped out of the auction Tuesday afternoon after U.S. Bankruptcy Court Judge David Rice agreed to reopen bidding for First Mariner.

RANCHO CUCAMONGA, Calif. — CO-OP Financial Services has entered into an agreement with Visa to make the Visa EMV common debit solution available to its credit union clients.

Poage Bankshares (PBSK) in Ashland, Ky., and an activist investor have sent competing letters to shareholders ahead of next month's annual meeting.

Westamerica Bancorp. (WABC) in San Rafael, Calif., reported a dip in profits because of fewer customer transactions and a decline in loan revenue.

New Jersey Community Bank in Freehold (NJCB) has revised its fourth-quarter and annual results for 2013 to reflect a non-recurring $2 million litigation charge.

Bank of the Ozarks (OZRK) in Little Rock, Ark., said that its first-quarter earnings climbed 26% from the same period last year, to $25.3 million, thanks largely to strong loan growth and an accounting gain stemming from its March acquisition of Texas of Bancshares.

Washington Federal (WAFD) in Seattle reported higher quarterly profit because of an improved deposit mix, increased fee income and loan growth.

ARLINGTON, Va. — The National Association of Federal Credit Unions is lobbying President Obama to consider a credit union representative for a seat on the Federal Reserve Board of Governors.

Live Oak Bancshares is planning an initial public offering that could yield as much as $86 million for the Wilmington, N.C., company and its shareholders.

ORLANDO, Fla. — Virtual currencies such as Bitcoin are largely viewed skeptically by credit unions as a potential threat, but at least one person sees some opportunities for revenue.

WASHINGTON — Questions are being raised about whether Senate Banking Committee leaders will delay a pending vote on their mortgage finance reform bill as they struggle to secure additional votes.

Heritage Bancorp in Pearland, Texas, has agreed to buy Nixon State Bank in Nixon, Texas.

CB Financial Services (CBFV) in Carmichaels, Pa., has agreed to buy FedFirst Financial (FFCO) in Monessen, Pa.

Joseph Stilwell used a photo of the then-chairman of Harvard Illinois snoozing at last year's annual meeting as part of his fight for representation on the board. Harvard's board accused Stilwell of waging his battle "in the gutter."

The company, which was an active acquirer before the financial crisis, has returned to its roots after a long hiatus brought on by the downturn and integration problems. Archie Brown, who became CEO in 2008, says the company is taking a more disciplined approach this time.

RANCHO CUCAMONGA, Calif. — CO-OP Financial Services announced today that it delivered a shareholder dividend of $30.5 million for fiscal year 2013, a 17% increase from the previous year.

J.P. Morgan has partnered with ProQuest, a cloud-based data management technology provider in Ann Arbor, Mich., to make J.P. Morgan's company and economic research data available to business students, academics and other researchers.