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COO Jenna Lampson will take the helm on Aug. 1 while current CEO Steve Punch stays on as a consultant until he retires at the end of October.

The $550 million purchase will include a branch in the U.S. Virgin Islands.

As the industry continues to consolidate, operating branches in states far removed from headquarters could move from the exception to the rule.

The New Jersey regional will have higher capital levels after buying Oritani Financial. That was just one of the reasons why CEO Ira Robbins overcame his aversion to M&A.

First American Bank agreed to sell its Iowa branches to GreenState just weeks after arranging the transfer of its Florida locations to another credit union.

Besides the Iowa branch deal, First American Bank is also selling certain assets and liabilities in Florida in a previously announced transaction.

Valley, which had focused on Florida in recent years, will double its market share in Bergen County with the $740 million acquisition.

Ken Lehman recently bought a block of shares in Village Bank & Trust Financial.

Offering secured credit cards can help a credit union build loyalty with members but this product line can be difficult to successfully manage.

At the end of the second quarter, the corporate institution will waive service fees and issue bonus dividends to its member credit unions.

The Montana-based institution will open its doors as Clearwater later this year, a move leadership hopes will better connect it with consumers in other parts of the state.

Credit unions can usually limit attrition of consumer accounts after a bank acquisition, but maintaining relationships with business customers is the bigger challenge.

Ron Rubin, on leave after a sexual harassment complaint, filed a lawsuit claiming that the state's chief financial officer, through an intermediary, sought a $1 million contribution as part of a quid pro quo to get the job.

The deal with Frandsen Financial is the 12th bank M&A transaction this year involving a seller in Wisconsin.

Seed, a San Francisco startup, has developed a platform that lets small businesses quickly open accounts online. That's an important feature for Cross River as it courts more fintech clients.

Kelly McDonough will take over next month, nine months after the $289 million-asset shop's former CEO left to lead a CUSO.

Companies that offer early access to earned wages want a regulatory framework for their fast-growing industry. But the bill under consideration in Sacramento is exposing big divisions in the sector.

Shore Community Bank, which has five branches in Ocean County, will sell for $53 million.

Sterling Bancorp must enhance its BSA policies and hire an outside firm to review its account activity.

Independent Bank in Texas, the seller, gained the business after buying Guaranty Bancorp.