Location Root Tag

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.

Chemical Financial (CHFC) in Midland, Mich., has agreed to buy Northwest Bancorp in Traverse City, Mich.

PHILADELPHIA — Reloadable prepaid is becoming a popular alternative to checking accounts for a growing number of Americans, and more credit unions than banks are offering the product, according to separate studies from the Pew Charitable Trusts and Moebs Services.

Comerica Bank (CMA) is planning to expand its existing middle-market commercial banking operations at its Dallas headquarters.

In his annual shareholder address, the longtime CEO explained how M&T is working to fix its BSA compliance issues, took a swipe at megabanks and sang the praises of the bank's hometown.

The Charlotte, N.C., bank offers a model for other community banks that have expanded quickly in recent years but face a pricier M&A market: focus on smaller deals that provide additional liquidity and plug geographic holes.

Four private-equity investors have sold their remaining stakes in BankUnited (BKU) in Miami Lakes, Fla., for almost $393 million.

ANN ARBOR, Mich. -- After starting negotiations last summer, the University of Michigan CU and Eastern Michigan University Credit Union have merged.

A former managing director at the New York investment banking firm Jefferies and Co, has been convicted of multiple offenses involving a scheme to defraud customers trading in residential mortgage-backed securities.

SEATTLE -- In this cycling crazy city, one credit union has created a loan program just for bike riders, and is asking local residents to send in photos of their favorite bicycles.