Location Root Tag

BankFirst Capital in Columbus, Miss., has agreed to buy Newton County Bancorp. in Newton, Miss.

Chemung Financial in Elmira, N.Y., has promoted Anders Tomson to president and chief operating officer. Tomson had been president of Chemung Financial's Capital Bank, the name the company uses in its Albany County and Saratoga County, N.Y., markets.

The federal government has taken the unusual step of suing a dead bank president's estate for repayment of bailout funds the bank received during the financial crisis.

MY CU Services is set to take ownership of the PCSi division of Palmetto Cooperative after the parties entered into a strategic alliance.

Kevin Kabat told the board of Fifth Third Bancorp that he intends to step down as CEO in November. Kabat, who had led the Cincinnati company since 2007, will remain executive vice chairman through next April.

Pearl Harbor Federal Credit Union changed its name to Pearl Hawaii Federal Credit Union, effective July 1.

In the wake of the recent Supreme Court decision legalizing gay marriage, Equality CU, which plans to cater to the LGBT community, faces a number of road blocks. But the fledgling group offers unique perspective on how all CUs can try to reach this market.

Jane G. Watkins, president and chief executive officer of Virginia Credit Union, a $2.7-billion institution based in North Chesterfield, Va., said she plans to retire on March 31, 2016, after serving 33 years in various capacities.

The $1.2 billion-asset National Commerce said in a press release Tuesday that it will pay about $37 million in cash and stock for the $300 million-asset Reunion Bank.

The Fed determined that the purchase of Susquehanna Bancshares, which would push BB&T's assets above $200 billion, will not pose a threat to the U.S. financial system. The approval could give more regional banks confidence to pursue bigger acquisitions.

Riverwood-Maritime CU here has been absorbed by Fox Communities Credit Union.

Americas United Bank in Glendale, Calif., has agreed to buy two branches from Banc of California in Irvine.

NCUA announced that it has issued a federal charter to ELCA Federal Credit Union, making it the third such new charter for 2015.

The former operators of an online payday lending scheme in the Kansas City area will be banned from the consumer finance business under a proposed settlement with the Federal Trade Commission.

Should credit unions pay their directors? That's the question asked in a recent study from Filene Research Institute.

Premier Financial Bancorp in Huntington, W. Va., has agreed to buy First National Bankshares in Ronceverte, W. Va.

The board of directors at Parkside Credit Union announced that Janet B. Thompson will take over as the $87 million CU's president and CEO, effective July 13.

Suffolk Bancorp in Riverhead, N.Y. has promoted Anita J. Nigrel to executive vice president and chief retail officer, a newly created position, effective Monday.

First National Corp. in Strasburg, Va., has a new bank president. The $530 million-asset company said in a press release Monday that Dennis Dysart would also remain chief operating officer of First Bank.

National Bank Holdings in Greenwood Village, Colo., plans to repurchase as much as $100 million of its common stock.