Location Root Tag

Midwest Corporate Federal Credit Union in Bismarck, N.D., has become the first corporate credit union to voluntarily liquidate in the face of daunting new capital and other regulatory requirements from the National Credit Union Administration.

The $1.46 billion-asset company said in a filing Monday with the Securities and Exchange Commission that L. Anderson Creel will resign at the end of the year.

Signaling its intention to continue growing in Florida, Stearns Bank in St. Cloud, Minn., has named veteran banker Tramm Hudson as the president of its Florida operation.

With many competitors eschewing the interest-rate-sensitive housing market, First PacTrust took the opposite tack, agreeing to pay $17 million for Gateway Bancorp.

The only CEO in the history of Kaiser Federal Bank in Covina, Calif., is stepping down at the end of this month.

Signaling its intention to continue growing in Florida, Stearns Bank in St. Cloud, Minn., has named veteran banker Tramm Hudson as president of its Florida operation.

The former chief executive of Community Link Federal Credit Union in Huntington, Ind., claims he was fired as head of the $20 million-asset credit union because he shared information with examiners for the National Credit Union Administration on potential conflicts of interest on the board and other regulatory violations.

Johnson Bank in Racine, Wis., has a new chief executive officer for the second time in less than six months.

JPMorgan Chase & Co.'s push into California is a blessing or a curse, depending whom you ask, but it is definitely having a competitive impact.

Upstart Opus Bank in Irvine, Calif., is embarking on an ambitious branch expansion plan to go along with is acquisition of a Seattle-area bank.

Two weeks after announcing plans to open its first retail branch in Los Angeles County, First PacTrust Bancorp Inc. in Chula Vista, Calif., has struck its deal to buy a bank there.

Frontier State Bank's continuing legal battle with the Federal Deposit Insurance Corp. is gaining more attention from other revenue-starved banks.

Ohio's Liberty Savings Bank is exiting its home state and selling its 16 branches there to First Financial Bancorp of Cincinnati, tripling First Financial's footprint in Dayton.

The closure Friday of the $208 million-asset Atlantic Bank and Trust in Charleston, S.C., was estimated to cost the Federal Deposit Insurance Corp. $36 million.

Due to a noncompete agreement, John Kanas must remain hands-off for a while after BankUnited buys Herald National in New York. When that noncompete expires, watch out.

Eager to lower its overhead, Hampton Roads Bankshares Inc. in Norfolk, Va., will close nine branches this year and move customers' accounts into other nearby branches.

Huntington National Bank is committing $2 billion to help jumpstart Michigan's sputtering economy.

The $3.6 billion-asset thrift company said this week that its lender, U.S. Bank, has given it another six months to repay a $116.3 million loan that was due to be paid off May 31.

Republic Bancorp Inc. in Louisville is exiting the Bowling Green, Ky., market and selling its branch there to a local rival.

Tennessee Commerce Bancorp Inc. in Franklin will not be required to restate its 2010 earnings after all, but it is under orders to boost its capital ratios.