Location Root Tag

The rising costs of regulatory compliance, health insurance and technology prompted Mountain Valley Bank to merge with a company that once was its biggest investor.

WICHITA, Kan. — The $225 million-asset Mid American Credit Union has acquired the Lawrence Kan.-based Jayhawk FCU.

WASHINGTON — The House Financial Services Committee is scheduled to hold a hearing Tuesday morning with senior regulatory officials to explore the costs of recent rulemakings and other agency actions.

Clifton Bancorp (CSBK) in New Jersey has named Tricia Cademartori Hrotko to the newly created position of chief revenue officer.

Old Second Bancorp (OSBC) in Aurora, Ill., is tempering its expectations for its planned public offering.

John and Bill Wheeler went as far as giving away foreclosed properties to reduce maintenance fees and bad assets. As a result, State Bank of Countryside has returned to profitability and is ready to start lending again.

Independence Bancshares, (IEBS) in Greenville, S.C., has filed multiple mobile payment patent technology applications with the United States Patent and Trademark Office.

Opus Bank in Irvine, Calif., has launched an initial public offering that could yield as much as $223 million for the company and its shareholders.

First Internet Bank is opening a commercial loan office in Phoenix and has hired three experienced lenders to run it.

ANTIGO, Wis. — The "mobile-only" consumer, those conducting all of their remote banking activity via a tablet or smartphone, are growing in number — quickly becoming a group that industry insiders and analysts say credit unions must cater to and support.

A Montana court has affirmed a jury verdict that had found Comerica Bank (CMA) responsible for putting one of its commercial clients out of business.

CHICAGO — It took five years, but consumers finally are making their mortgage payments before credit card payments, according to recent analysis from TransUnion.

LAS VEGAS — Even in this beaten-down housing market some home owners actually have equity, meaning home equity loans — a lending category that largely was forgotten in the aftermath of the housing crisis — are coming back.

Fidelity Southern (LION) in Atlanta has filed documents that would allow it to issue up to $100 million in stock, warrants and debt.

ALEXANDRIA, Va. — NCUA has chartered its first credit union of 2014, with the new CU expected to open its doors this June.

Bitcoin ATM providers and virtual currency exchanges may be subject to Texas licensing requirements, according to regulatory guidelines issued by the Texas Banking Commissioner on April 3.

Iberiabank (IBKC) in Lafayette, La., is seeking federal approval to convert a Fort Lauderdale loan production office into a full-service branch.

BancorpSouth, an active M&A player in the Gulf Coast region, is losing four directors, including longtime Chairman Aubrey Patterson, while adding two others.

WASHINGTON — Federal Reserve Board Gov. Jeremy Stein on Thursday submitted his letter of resignation to President Obama.

WASHINGTON — With cyber attacks on the rise, members of the Federal Financial Institutions Examination Council (FFIEC) Wednesday issued warnings to financial institutions.