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The unnamed borrower was the victim of an alleged scam by another company.

The Cincinnati bank applied in May to convert its Ohio state charter amid an expansion into Texas and Colorado and the completion of its merger with MB Financial.

The chairman of the National Credit Union Administration gave CU Journal more details on the agency’s forthcoming rule providing guidance for credit unions purchasing banks.

A proposed combination of First Defiance and United Financial is designed to create an Ohio company that can better weather shocks from lower rates and economic uncertainty.

Donald Wetzel, the man who devised the first U.S. cash dispenser, says automated tellers will always exist — even as they evolve beyond their initial purpose.

Michigan on Monday approved a charter for a new financial institution designed for lesbian, gay, bisexual and transgender customers, clearing the way for online service to begin early in 2020.

A major credit union conference will bring lawmakers face to face with the industry as Congress returns from its summer recess.

Members of tiny CARCO Federal Credit Union have voted to approve a merger into Educational Systems FCU.

The deal between First Defiance and United Community would create a $6 billion-asset bank.

Fintechs providing installment loans are attracting significant funding from investors who see opportunities in developed economies for consumer financing products, which are already well established in emerging markets.

Skip Brown, an executive with Winston-Salem Banking Group, says it has signed a letter of intent to buy a community bank three months after withdrawing a charter application.

Other banks have made splashy acquisitions there, but PSB Holdings is getting ready to open a branch after making inroads in the market for three years. Its next step could be M&A.

Both banks focus on the Chinese-American community.

Prosecutors are investigating the involvement of Ashton Ryan and another executive in the New Orleans bank's 2017 collapse, a federal judge recently wrote in a decision on a related matter.

Driver Management said it believes the company would create more shareholder value by finding a buyer.

The Baltimore company will pay $31 million for MB Bancorp.

Falling stock prices and concerns about the health of the economy are depressing deal activity.

David Justice, chief operating officer, will take over for the retiring RaAnn Wood on Nov. 1.

The merger of Cornerstone Community Credit Union into the Moline, Ill.-based Vibrant is expected to close on Oct. 1.

The industry has taken some steps to lower barriers to affordable housing, but some observers say that more can be done.