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Oregon-based CU increased its loan portfolio by $40 million, membership continues climb.

The company agreed to buy Commercial Bancshares for $59 million in stock.

Bob Ramsey, who had worked for FBR Capital Markets for more than a decade, will handle investor relations and strategic planning at Customers.

The company had strong gains in construction lending and trust fee income, but its business lending operation had flat results.

Connecticut-based CU surpasses 50,000 members just months after hitting $500 million in assets.

A 38% increase in new loan originations led to another quarter of record earnings.

While social media is helping get younger members in the door, observers say credit unions won't get far without the right mix of products and services for millennials.

Wilmington Trust and some of its executives had been accused of intentionally understating past-due loans in 2009 and 2010.

Canadian startup Payment Rails, which aims to use APIs, blockchain and artificial intelligence to find efficient routes for cross-border payments, has closed a seed round bringing funding for its concept to $1.1 million.

Lending rose by more than 9 percent during the first half of the year and membership hit a new record.

Bottomline Technologies is introducing a set of APIs for its corporate customers in accordance with the U.K.’s new Open Banking policy and Europe’s Payment Services Directive (PSD2).

Mastercard will invest $750 million in India in the next four to five years by continuing to acquire companies there, CEO Ajay Banga said this week.

Jeremia Kossen succeeds retiring CEO Darrell Olson, and has spent years in the credit union movement, including positions with CUs and at NCUA.

The loan product, which allows consumers retroactively to adjust a payment amount, illustrates how community-based institutions are trying to reach technologically savvy consumers.

The Ohio company's CRA rating took a hit after it inadvertently overcharged some customers.

The company, which is still recovering from two recent hurricanes, said it will voluntary comply with several key restrictions that were in the 2010 written agreement.

Rhode Island’s oldest CU is adding branches in the southern part of state, including purchasing former bank branches.

Wells Fargo's home state of California passed a law aimed at curtailing the bank's use of closed-door arbitration to shroud complaints from aggrieved customers affected by its scandals.

The Louisiana company also set aside funds to cover efforts to settle litigation tied to its mortgage business.

While disappointed with the CFPB's actions in recent years, bankers said they want to see a campaign platform before making a decision on the agency's director.