Location Root Tag

A former loan officer at Colorado East Bank & Trust in Lamar, Colo., has admitted to his role in a $1.2 million fraud scheme.

Los Angeles banker Maria Contreras-Sweet has been confirmed as the new head of the U.S. Small Business Administration.

FirstBank in Lexington, Tenn., is expanding its operations in Alabama by opening a Huntsville branch.

Volunteering at nonprofits is a good place to start, high-ranking female bank executives told attendees at a recent conference. Women also need to confront barriers head on.

Great Southern Bancorp (GSBC) in Springfield, Mo., reeled in more deposits and loans from a recent branch deal compared to what it had originally forecast.

Fifth Third Bancorp (FITB) has consolidated its Indiana operations after two division chiefs in the state announced their retirements.

BB&T (BBT) in Winston-Salem, N.C., has agreed to buy insurance agency Woodbury & Co.

Yadkin Financial revealed in a regulatory filing that merger talk is running rampant across the state. Yadkin agreed to merge with VantageSouth in January to create North Carolina's biggest community bank.

WASHINGTON — Top Democrats on the House Financial Services Committee are asking several federal agencies — including the NCUA — to provide more information about their employment policies and practices with regard to minorities and women.

EL SEGUNDO, Calif. — A recent study found the No. 1 feature consumers look for in a bank or credit union is low or no fees, which should be an advantage credit unions can leverage, according to one analyst.

WASHINGTON — Credit union executives are growing more dissatisfied with the examination process, according to the latest numbers from CUNA on CEO exam satisfaction.

U.S. Bank in Minneapolis has named Gareth Gaston to the newly created position of executive vice president of virtual banking.

The $1.6 billion-asset KleinBank said it expects to buy the $207 million-asset Prior Lake by the end of this year. Financial terms were not disclosed.

Platte Valley Financial Services in Scottsbluff, Neb., is buying a bank it played a role in forming.

First Federal Bank of Wisconsin in Waukesha and Bay View Federal Savings and Loan Association are merging.

Middleburg Bank in Virginia has agreed to sell its 62% stake in the mortgage banking firm Southern Trust Mortgage to two Virginia banks and Southern Trust's president.

VANCOUVER, Wash. — Roger Michaelis, longtime president and CEO of $509 million iQ Credit Union, said he plans to retire in October after 29 years of service.

Four Oaks Fincorp (FOFN) in Four Oaks, N.C., could raise more than $27 million in a securities agreement and rights offering.

United Community Banks (UCBI) in Blairsville, Ga., said it expects to report earnings of $14 million to $15 million for the first quarter.

MADISON, Wis. — The National CU Foundation hopes credit union employees will "dress down" to support financial education initiatives next month.