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Stephanie Sievers, who already has experience running two small credit unions, will take over at the $35 million-asset CU.
February 12
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Rheo Brouillard, the head of SI Financial, finally had a solid offer in hand after more than two years of searching for a buyer. But the resignation 10 days later of the man who made him that offer — Berkshire Hills’ Michael Daly — sent Brouillard scrambling.
February 12
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The Lee's Summit, Mo.-based institution has paid out $350,000 over the last five years to members.
February 12
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It’s unusual for a seemingly healthy company’s website to implore its U.S. customers to seek out a competitor with less than a month's notice, but cross-border payment processor WorldFirst has done just that.
February 12
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OnApproach was launched in 2005, while Trellance was launched just two years ago as a division of CSCU
February 11
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If the government insists on forcing another shutdown, business owners are intent on letting Congress know how much the last one hurt.
February 11
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Among the 2018 highlights for the Honolulu-based credit union were a 108% rise in net income.
February 11
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Boat sales have increased since the financial crisis, creating an opportunity for credit unions, but a number of risks mean institutions should tread carefully.
February 11
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Regional and community banks are eager to buy branches and hire top performers from the merging companies.
February 8
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A lawsuit alleging Wells Fargo improperly compensated its California-based mortgage loan officers could have broader ramifications now that it has been granted class certification.
February 8
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The three large banks banks are joining a number of institutions in agreeing to eliminate fees for Californians who receive benefits via electronic transfer cards. Chase and BofA will also waiving the fees nationwide.
February 8
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Maureen Genna will take over from retiring CEO Linda Levy, who gained notoriety when she sued the Trump administration.
February 8
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Michael Athens was the Albuquerque, N.M.-based institution's vice president of operations before serving as interim president and CEO.
February 8
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BB&T is buying SunTrust Banks, creating a $442 billion-asset institution. Credit unions are hopeful the mega merger will present an opening to pick up new business.
February 8
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Members at Star Credit Union, which has just $32,000 in assets, have approved the proposed merger into Summit.
February 7
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After a 50% increase in bank acquisitions by credit unions last year, analysts are predicting even more deals in 2019.
February 7
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The industry's largest acquisition in more than a decade will create the sixth-biggest bank in the country, with assets of more than $442 billion.
February 7
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John Asbury says his Virginia bank, soon to be renamed Atlantic Union Bank, could eventually stretch from Charlotte, N.C., to Baltimore and take on the big players that dominate those markets.
February 6
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Payments providers PXP Solutions and Kalixa have merged to form PXP Financial, a London-based company focused on delivering omnichannel services to merchant acquirers.
February 6 -
Nordea Finance will license Divido’s white-label point of sale lending platform for launch to retailers across several Nordic countries.
February 6
