Location Root Tag

The Greenville, S.C., company hired John Poelker as interim CEO and ousted its top executives less than two weeks after allegations of financial mismanagement surfaced. Poelker, known for stabilizing struggling banks, could be tasked with cleaning Certus up for a buyer.

The Treasury Department has agreed to sell a large stake in Hampton Roads Bankshares (HMPR) in Virginia Beach.

A bitcoin ATM is coming to South Carolina — the state's first machine will be installed Thursday at the College of Charleston TD Arena.

WASHINGTON — NCUA's testimony before the House Financial Services Committee earlier this week has some within the credit union community saying the regulator may have opened the door a little wider for federally insured CUs to gain access to supplemental capital.

The lessons that elementary school students learn about saving can have a lasting effect, according to a new study supported by the Treasury Department.

BancorpSouth (BXS) in Tupelo, Miss., has acquired Knox Insurance Group in Lafayette, La.

HOUSTON — Two masked men armed with handguns barged into a Chartway FCU branch here Wednesday morning, fired shots into the ceiling, demanded money and then escaped with an undisclosed amount of cash.

Wintrust Financial (WTFC) in Rosemont, Ill., has agreed to buy 11 branches in Wisconsin from Talmer Bancorp (TLMR) in Troy, Mich.

Sugar Creek Financial in Trenton, Ill., has completed its conversion from a mutual holding company to a publicly traded company.

MBT Financial (MBTF) in Monroe, Mich., has extended the expiration date for its rights offering.

Riverview Community Bank in Vancouver, Wash., has been freed from a formal agreement with the Office of the Comptroller of the Currency.

WASHINGTON — The Internal Revenue Service has backed down in its dispute with the credit union community over unrelated business income tax and cleared almost all CU products at stake in related litigation.

CertusBank has terminated its top executive team, effective immediately, the $1.7 billion-asset bank announced Wednesday.

The Michigan company has pledged $1 million to help people buy homes in the Marygrove College neighborhood. Homeowners can get up to $25,000 and have $5,000 shaved off the balance each year they live there.

ATLANTA — Much like healthcare.gov struggled on its way to signing up 7.1 million Americans, private health insurance exchanges partnering with credit unions are reporting their own enrollment challenges.

AUSTIN, Tex. — Loyalty vendor Buzz Points has armed itself with $19 million in fresh capital in hopes of capitalizing on the growing desire of credit unions and small banks to expand their debit rewards programs.

Armed with $19 billion in fresh capital, the loyalty vendor is planning a major expansion at a time when small banks and credit unions are eager to beef up their debit rewards programs.

Old Second Bancorp (OSBC) in Aurora, Ill., has raised $59.4 million through a public offering.

Lakeland Financial (LKFN) in Indiana has a new chief executive.

National Bank Holdings (NBHC) in Greenwood Village, Colo., is losing its executive in charge of acquisitions.