Location Root Tag

LOC Federal Credit Union converted its core processing to Symitar Episys via a solution owned by Member Driven Technologies (MDT).

The Credit Union League of Connecticut (CULCT) has unveiled a new "consumer-focused" brand to increase CU awareness through a new website: www.ctcreditunions.org.

A federal judge has overturned a New York City law that would have required banks to make new disclosures regarding their investments in local communities.

Ameriana Bancorp in New Castle, Ind., which is being acquired by First Merchants in Muncie, Ind., lowered its second-quarter profit after it discovered the sale required a higher tax payment.

Jolina M. Sanchez faces trial for allegedly diverting over $300,000 in member deposits.

Bank of the West in San Francisco has sold its insurance subsidiary to an insurance brokerage.

Byron Thompson, chairman of Country Club Bank in Kansas City, Mo., has died.

Cordia Bancorp found an experienced leader to run its bank, and executive recruiters believe more companies could do the same as they try to train the next generation. One problem: Most retired CEOs seem content to sit on the sidelines after enduring the financial crisis.

BankUnited in Miami Lakes, Fla., has promoted Michael McClanahan to the newly created position of Orlando market president.

Bryn Mawr Bank in Pennsylvania has issued $30 million in subordinated debt.

Heritage Financial in Olympia, Wash., has agreed to an early termination of its Federal Deposit Insurance Corp. loss-share agreements for its purchase of two failed banks in 2010.

Metrum Community Credit Union, a $60-million institution based in Centennial, Colo., announced that its application for a community charter was approved by the board of the Colorado Division of Financial Services.

BB&T will dismiss most of a 21-person small business lending group who had been employed by Susquehanna Bancshares.

Webster Financial in Waterbury, Conn. has hired a deputy chief financial officer from Citigroup.

Blue Valley Ban Corp. in Overland Park, Kan., has obtained regulatory approval to redeem its Troubled Asset Relief program preferred shares.

Prosperity Bancshares in Houston has ended a short, self-imposed break from acquisitions, agreeing to buy Tradition Bancshares in Houston.

Intuvo, a division of CU Direct that provides marketing automation software to the credit union industry, announced that it has entered into new partnership agreements with four credit unions.

Coast Bancorp has sold two buildings next to its bank's headquarters in San Luis Obispo, Calif., and has refinanced debt.

Banc of California in Irvine, Calif., has named James McKinney principal accounting officer

Capital One Financial in McLean, Va., has been hit with an enforcement action by federal regulators for deficiencies in anti-money laundering compliance that were connected to a former check-cashing business.