Location Root Tag

WASHINGTON — One of the reasons CUNA chose Bill Cheney to lead the trade association in 2010 — his credit union roots — now appear to be the reason why the executive is leaving after just four years at the helm.

River Valley Community Bank (RVVY) in Yuba City, Calif., is set to have a new chief executive.

Oak Valley Bancorp (OVLY) in Oakdale, Calif., has restated its fourth-quarter earnings after discovering that it made an error accounting for a common stock dividend.

Associated Banc-Corp (ASBC) in Green Bay, Wis., seems poised to make acquisitions.

Westfield Bancorp in Westfield Center, Ohio, has agreed to buy Valley Savings Bank in Cuyahoga Falls, Ohio. The deal will give Westfield two additional branches and boost its assets to nearly $1 billion.

The organization that runs the automated clearing house network wants to phase in same-day payments in three stages, but backers of a speedier system say the plan -- the second such effort in two years -- still is not enough.

Over half of Americans blame Target and Neiman Marcus for the recent data breaches suffered by their customers and think merchants should prevent future incidents, according to a national survey commissioned by Feedzai.

ALEXANDRIA, Va. — Total projected assessments from the NCUA's Temporary Corporate Credit Union Stabilization Fund dropped by $2.2 billion during the second half of 2013, the regulator announced Tuesday, adding it was "hopeful" that no future CU assessments would be necessary.

There is a lot of work to be done behind the scenes before Citizens can become independent of Royal Bank of Scotland, including the establishment of new technological, administrative and financial reporting systems, CEO Bruce Van Saun says.

Cybersecurity firm Trustwave has acquired Cenzic, a company that helps organizations test their applications' vulnerability to hacker attacks.

First Commonwealth Financial (FCF) in Indiana, Pa., is bringing its corporate banking business to Ohio.

United Community Financial (UCFC) in Youngstown, Ohio, has hired an outside executive to become its next president and chief executive.

CHARLOTTESVILLE, Va. — Credit unions continued to grow assets, loans and leases, and shares and deposits in 2013 — once again led by the largest institutions — according to new analysis by SNL Financial.

Talmer Bancorp (TLMR) in Troy, Mich., could enjoy a bigger-than-expected benefit from its purchase of Michigan Commerce Bank.

First Republic Bank (FRC) in San Francisco is planning to sell more than 3.5 million shares of common stock.

Banks are experimenting with smartphone-driven shopping technology that provides faster and arguably more secure digital checkouts, mobile apps integrated with shopping catalogs, in-store marketing combined with location tech efforts and digital financial advice.

Once thought of as cheap capital, Tarp is getting more expensive as the dividend rate jumps from 5% to 9%. Banks that are still in the program could see the increase as one more force pushing them to consider their options.

Square 1 Financial in Durham, N.C., is planning to hit the road to promote its planned initial public offering.

ALEXANDRIA, Va. — The Temporary Corporate Credit Union Stabilization Fund received a fifth consecutive clean audit opinion, NCUA said Monday.

CBFH in Orange, Texas, has agreed to purchase MC Bancshares in Houston.