Location Root Tag

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.

TUSCALOOSA, Ala. — A legal battle involving Alabama One Credit Union, headquartered here, and the Alabama Credit Union Administration escalated Friday, as the credit union filed a petition in state court to void the regulator's recent actions.

MOON TOWNSHIP, Pa. — Clearview Federal Credit Union is wrapping up its "Thanks A Million" initiative, part of its "10th Anniversary Members Matter Celebration" that has been investing a total of $1 million in Clearview members and community over the last three months.

The Pennsylvania company is keen on buying a bank with $1 billion or more in assets to soundly cross a threshold that would bring with it more regulatory scrutiny.

Provident Financial Services in Iselin, N.J., defended narrowly missing earnings expectations by calling its credit and pricing approaches "prudent" and disciplined.

A Montana district court issued an order to uphold a verdict that First Interstate BancSystem in Billings, Mont., must pay $17 million in damages in a dispute with former customer.

BankUnited in Miami Lakes, Fla., reported lower quarterly profit as its noninterest expenses rose.