Location Root Tag

Self-Help Federal Credit Union, the California community development credit union that bought Second Federal Savings & Loan last year, has officially reopened the failed thrift in conjunction with Chicago's Resurrection Project.

East West of Los Angeles hopes that buying MetroCorp in Houston will help its Chinese clients develop business ties in the Lone Star State.

Tracy Grooms, formerly of Bank of America, did not stay retired long. Queens University has hired her to teach undergraduates about banking at its business school, which is named after the most famous B of A exec of all.

James Watson, the bank's president, will become CEO on Oct. 1, the $1.1 billion-asset company said Thursday.

MidSouth Bancorp in Lafayette, La., plans to list its shares on the New York Stock Exchange on Monday. It will keep its current ticker symbol, MSL.

Chemung Financial (CHMG) in Elmira, N.Y., has lured John Battersby out of retirement to serve as interim chief financial officer.

Westby Co-Op Credit Union in Wisconsin has agreed to buy the deposits and loans of a Walmart branch from Citizens Community Bancorp (CZWI) in Eau Claire, Wis.

East West Bancorp (EWBC) in Pasadena, Calif., has agreed to pay $273 million in stock and cash for MetroCorp Bancshares (MCBI) in Houston.

The Central Bank's surprise decision to continue buying mortgage bonds may not spark another refinancing boom, but it could spur more home purchases.

TD Bank is content with its branch network along the East Coast and, for now, is not interested in deals that would take it into new markets, according to its chief financial officer.

The Treasury Department will receive $91 million from its latest auction. The agency announced plans last week to auction nearly $118 million of securities from several small banks.

A former senior commercial loan officer at the failed Bank of the Commonwealth in Norfolk, Va., has been sentenced to 17 years in federal prison for hiding bad loans from regulators.

Kinderhook Bank in New York has promoted its chief financial officer to become its new chief executive.

The Federal Reserve Board has ordered Missouri Bank in Warrenton to pay a civil money penalty for violating the National Flood Insurance Act.

S.Y. Bancorp in Louisville, Ky., plans to redeem $30 million of trust-preferred securities.

Umpqua Holdings in Portland, Ore., and Sterling Financial in Spokane, Wash., have set a $75 million penalty for terminating their planned merger.

Emclaire Financial in Emlenton, Pa., has partly redeemed preferred stock it issued through the Small Business Lending Fund.

Lawmakers are scheduled to examine concerns on Wednesday that a hike in flood insurance premiums set to go into effect this fall could topple the still weakened real estate market.

Simplicity Bancorp's experience with mortgage servicing could give banks a reason to reconsider plans to ditch the business despite concerns about new regulations.

The American Bankers Association has formed a group to lobby on behalf of rural lenders.