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An affiliate of MatlinPatterson will reduce its ownership to 48% from more than 60% after selling 8 million shares.

The Virginia-based CU cited the need for greater automation to continue its growth.

Wong was placed on administrative leave in February and arrested in May in connection with alleged embezzlement and fraud at the credi tunion.

The internet-only bank plans to offer businesses a way to quickly open accounts online.

Legislation with bipartisan support would raise the threshold for reporting suspicious activity, a goal banks have long sought.

Donegal Group and Donegal Mutual Insurance are selling the holding company for Union Community Bank in Lancaster County.

Longview, Texas-based credit union has tipped Randall Perason to succeed retiring CEO Betty DeWeese.

The Virginia bank has submitted the paperwork for Carolina State Bank, adding to the list of groups looking to open the state's first de novo since 2009.

Chief Administrative Officer Jane Verret will succeed CEO Dawn Harris, who plans to retire at the end of this year.

Whether banks knowingly work with marijuana businesses or not, they face risks as long as there are no federal clear guidelines in place. Congress must fix this.

Federal district court in Virginia finds plaintiff had so standing to sue – again.

Groups representing banks, credit unions, the housing industry and others argue in favor of a bill requiring the CFPB to issue timely guidance on its rules.

Seacoast's deposits in the central Florida city will increase by 49% after it completes the $133 million acquisition.

The company will pay $114 million to gain 10 branches and $482 million in assets.

Studio Bank is set to become Nashville's first new bank since 2008. Organizers raised $46 million earlier this year.

According to one analyst, the threat from fintech was overrated – but there are plenty of other tech trends credit unions need to be ready for.

Ross last year was elevated from EVP to president and chief operating officer, as league CEO Dave Adams shifted his focus to CU Solutions Group.

While CEO Joseph Ficalora believes acquiring other banks would solve his company's funding issues, outsiders say its culture needs to change.

New Jersey’s commuter rail and bus system is joining the movement to add contactless payment options for commuters, which observers say could spark broader adoption of mobile payments across the U.S.

Millennials may be the largest demographic in America today, but one marketing expert says credit unions who ignore older potential borrowers do so at their own peril.