Location Root Tag

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.

FORT WAYNE, Ind. — Fort Financial CU and ITT Employees' FCU here have announced plans to merge.

Joseph Stilwell has reached a truce with another banking company.

Virginia National Bankshares (VABK) in Charlottesville, Va., is facing pressure from an activist investor to consider selling itself.

Wayne Savings Bancshares (WAYN) in Wooster, Ohio, is looking for a new chief executive.

WILKES-BARRE, Pa. — The death of Jim Payne, head of Wilkes-Barre City Employees FCU, has been ruled a suicide and the federal investigation surrounding the CU has heated up.

Huntington Bancshares (HBAN) in Columbus, Ohio, has poached as executive from U.S. Bancorp (USB) as its new chief financial officer.

Investors Bancorp (ISBC) in Short Hills, N.J., could raise more than $2.6 billion as part of a highly anticipated second-step conversion.

Piedmont Bancorp in Peachtree Corners, Ga., plans to raise $8 million through a private placement of subordinated debt and common stock.

NewBridge Bancorp (NBBC) in Greensboro, N.C., has issued nearly $16 million in subordinated debt to redeem all the preferred stock it issued under the Troubled Asset Relief Program.

A lawsuit alleges that Democratic Gov. Jerry Brown violated state law by diverting hundreds of millions of dollars from the national mortgage settlement into California's general fund.

Analysts Joseph Fenech and Kevin Fitzsimmons have resigned from the research department at Sandler O'Neill.