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Ericson State Bank, which had been in regulators’ sights for a decade, was closed by state and federal authorities Friday. Another bank acquired all of its deposits and a fraction of its assets.

Fort Worth City CU returned money to members who saved and borrowed from the credit union last year, though net income was down amid an increase in charge offs and delinquencies.

Hanover Bancorp is facing a proxy battle after its CFO and two other bankers bolted to a rival.

Gene Foley joined Harvard University Employees CU as a teller in 1979 and has been CEO since 1994.

The Raleigh, North Carolina, institution's payout for 2019 was 12% higher than the previous year.

Barca, as one of the world’s most popular football clubs is known, will issue tokens for use on a fan-engagement platform.

A large charge-off and an additional loan-loss provision reduced quarterly profit by 12%, to $47.8 million.

Section 705 FCU, originally chartered to serve postal employees, has a new chief executive following the retirement of its longtime CEO.

The North Carolina-based credit union hopes an injunction will prevent further use of that branding until a trademark infringement suit is settled.

Gulf Power Company Employees CU will merge into Tallahassee-based FSU Credit Union later this year, pending regulatory and member approval.

The deal for Trinity Capital in Los Angeles would further strengthen the company's capital markets capabilities.

The $800 billion grocery industry is keeping a sharp eye on a strip mall in the Woodland Hills neighborhood of Los Angeles. There, sandwiched between a nail salon and a bank branch, Amazon.com Inc. is working on the first in a new chain of grocery stores set to open this year.

Despite advances in anti-fraud technology, scams remain a major problem for the energy industry, as criminals continue to exploit vulnerabilities present within the current system.

Bankers in the Hawkeye State are targeting legislation that would permit credit unions to gamify savings. This is at least the third major issue in recent years where the two sides have had a high-profile clash.

A New Jersey jury has put banks and other businesses on notice about their liability for incidents involving clients who mistreat employees in the workplace.

The Rhode Island-based credit union also returned a patronage dividend to members for the 31st consecutive year.

The German challenger bank said that its "several hundred thousand" customers in the U.K. have until April 15 to withdraw money or transfer it to another account.

Mastercard Inc. won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market as part of the nation’s financial opening, though more regulatory steps will be required.

Gavin Newsom's proposal to create a consumer watchdog modeled after the CFPB includes a provision that would make it easier for upstart financial firms to obtain industrial loan charters.

Some of the year-over-year drop in net income can be attributed to higher-than-normal figures in 2018 and costs associated with opening three new branches in 2019.