Location Root Tag

BOISE — The Idaho CU League has announced that Kathy Thomson will continue on as president and CEO, removing the "interim" from that title and making her the first female in the top spot since the league's founding.

One of the biggest opportunities in the auto market right now may not be in sales.

WASHINGTON — CUNA President and CEO Bill Cheney is leaving his post in June to take the helm at $9.7 billion SchoolsFirst FCU in Santa Ana, Calif.

ODESSA, Texas — A thief who used a forklift to steal a credit union's ATM last week apparently did not profit from the caper.

1st Capital Bank (FISB) in Monterey, Calif., has hired Michael Winiarski as its new chief financial officer.

The Federal Reserve Board has lifted enforcement actions against four financial companies.

The Office of the Comptroller of the Currency has lifted a regulatory enforcement action against First Security Group (FSGI) unit FSGBank.

A New Jersey appeals court ruled that debt buyers do not have to provide notice to consumers when debts are purchased and assigned but must prove they own the debt and the amount before they can collect. Further, electronic business records are sufficient for proof.

ALEXANDRIA, Va. — NCUA chairman Debbie Matz has informed CUNA and NAFCU that the comment period for the agency's risk-based capital proposal will not be extended, the trade associations report.

WILKES-BARRE, Pa. — Jim Payne, head of Wilkes-Barre City Employees FCU, was found dead at his home Monday from a gunshot wound.

Sun Home Loans in New Jersey named Theresa Trainum as its senior vice president and chief operating officer.

The Michigan company is buying Nortwestern Bancorp, fleshing out a major part of its franchise map. Though Northwestern's loan portfolio has been steadily shrinking, Chemical executives expect to generate double-digit loan growth from the seller's markets.

Royal Bancshares of Pennsylvania (RBPAA) in Narbeth has agreed to sell nearly $14 million in stock through private placements.

WASHINGTON — The Consumer Financial Protection Bureau is planning to eliminate its current employee performance management system after data showed minorities were rated lower than white employees.

Bank lending to small businesses reached post-recession record highs in February, according to the latest Biz2Credit Small Business Lending Index.

FBC Mortgage, a unit of the investment bank Sterne Agee Group, is seeking loan referral partnerships with community banks. In a recent deal it also hired HomeBanc's mortgage personnel.

Cardinal Financial (CFNL) in Tysons Corner, Va., has merged its two banks.

Berkshire Hills Bancorp (BHLB) in Pittsfield, Mass., has terminated all of its interest rate swaps associated with Federal Home Loan Bank advances through the end of last year.

WASHINGTON — Senate Banking Committee Chairman Tim Johnson and Sen. Mike Crapo, the panel's top Republican, laid out a preliminary bipartisan agreement Tuesday on housing finance reform after months of deliberation.

Ameris Bancorp (ABCB) in Moultrie, Ga., has agreed to buy Coastal Bankshares in Savannah, Ga.