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New York Community Bancorp in Westbury reported higher quarterly profit, though it continued to sell loans to stay below $50 billion in assets.

Pinnacle Financial Partners in Nashville, Tenn., has agreed to buy Magna Bank in Memphis, Tenn.

MADISON, Wis. — Filene Research Institute says it is seeking the "best and brightest minds" to participate in the latest incarnation of its i3innovation program.

MADISON, Wis. — In the wake of the devastating 7.9-magnitude earthquake that struck the poor Himalayan nation of Nepal over the weekend, the World Council of Credit Unions (WOCCU) is gearing up a fundraising campaign to aid credit unions in the region.

Flagstar Bancorp in Troy, Mich., beat expectations as it reported stronger mortgage volume in the first quarter. The company reported net income of $31.5 million in the first quarter versus a profit of $11.1 million in the previous quarter and a loss of $78.4 million a year ago.

AUSTIN, Texas — Jwaala, a provider of mobile and online banking solutions to U.S. financial institutions, Tuesday said it has signed its 100th client in the credit union space — Palisades Federal Credit Union, Pearl River, N.Y.

DULUTH, Ga. — Tiny $21 million Etowah Valley Federal Credit Union, headquartered in Cartersville, Ga., Tuesday said it intends to do a "strategic merger" into $1 billion Georgia United Credit Union, here.

First Community Bancshares, of Bluefield, Va., increased its profits slightly as legal costs and losses and expenses from selling foreclosed real estate declined.

DENVER — CU veteran Todd Marksberry is set to replace Dave Maus as CEO of Public Service CU here, when Maus retires later this year after 36 years at the $1.5 billion CU.

BALTIMORE — Three branches of the Municipal Employees Credit Union of Baltimore (MECU) closed Tuesday in the wake of rioting following the funeral of young black man who died mysteriously while in police custody.

Merchants Bancshares in South Burlington, Vt., has agreed to buy NUVO Bank & Trust in Springfield, Mass.

Palm Beach Gardens, Fla. — Florida Credit Unions Shared Services, Inc. (FCUSS), a CUSO providing the state of Florida with shared branching network services, announced a $551,753 patronage rebate and dividend to its participating CUs and stockholders.

Popular Inc. in San Juan, Puerto Rico, reported better-than-expected first-quarter earnings despite grappling with the higher costs associated with its acquisition of assets from the failed Doral Bank.

Carolina Premier Bank in Charlotte, N.C., has recruited Timothy C. Key to be its new chief lending officer and Carrington S. "Cash" Canada as its chief credit officer.

Jacksonville, Fla. — 121 Financial Credit Union has named Bruce Fafard as its new President and CEO, succeeding Bill Braddock, who had served as CEO of the $500 million CU for 28 years.

Signature Bank in New York is poised to start lending to city governments. The move is well-timed; the wind-down of GE Capital removes a competitor and provides Signature with a chance to buy assets and hire salespeople.

ST. PAUL, Minn. — City & County Credit Union has launched a new website designed to "enhance" its members' online experience. The $419 million CU said the new website was built "with responsive design" and features "intuitive navigation and a visually appealing design."

LAYTON, Utah — CUProdigy has announced that longtime President and CEO Charlie Fulks will step down later this year, and the hunt for a new leader has already begun.

Old National Bancorp in Evansville, Ind., missed first-quarter expectations as merger-related and streamlining expenses negated many of the benefits from recently completed acquisitions.

Saginaw, Mich. — Catholic Federal Credit Union said it recently received NCUA approval to add St. Mary's Medical Center of Michigan as a Select Employee Group.