Location Root Tag

The California company has poached lenders from larger rivals, while expanding into specialty finance lines. Those moves have positioned Opus for a growth spurt that should outpace organic growth at most other community banks.

MUSKEGO, Wis. — Jim Schrimpf has retired from his position on the board of directors at Corporate Central CU here, with Jay Magulski set to take his place on the corporate CU's board.

BETHALTO, Ill. — The final bell has rung for School District #9 Credit Union in Granite City, Ill., as it was officially merged into $585 million 1st MidAmerica Credit Union, here.

Sterling Bancorp in Montebello, N.Y., has acquired payroll funding firm Damian Services Corp.

WSFS Financial in Wilmington, Del., has agreed to buy Alliance Bancorp Inc. of Pennsylvania in Broomall.

Wintrust Financial in Rosemont, Ill., has agreed to buy Community Financial Shares in Wheaton, Ill.

Vincent Hui, senior director with Cornerstone Advisors Inc. in Scottsdale, Ariz., said he expects interest rates will go up "a little bit" in 2015, but nowhere near the sharp rise some forecasters predicted near the end of 2014.

A hedge fund is pressuring Webster Financial in Waterbury, Conn., to consider spinning off its health savings account division.

Home Bancorp in Lafayette, La., has converted from a federal savings bank to a national bank charter.

The Texas banker, who chaired the ICBA during the financial crisis, feels much better about the regulatory environment for smaller banks. She just wishes that interest rates would finally rise.

The lobbying group's agenda typically includes a general session featuring top regulators. But with the ICBA's Washington Policy Summit two months away, the group opted to steer the focus of its annual convention toward education.

Eagle Bancorp in Bethesda, Md., is looking to raise funds to exit the Small Business Lending Fund.

State Bank Financial in Atlanta has acquired Boyett Agency to serve as the foundation for a new insurance division.

LANSING, Mich. — Several men from Detroit have pleaded guilty to a string of credit union robberies here late last year.

NETT LAKE, Minn. — Just before NCUA chartered the first new credit union of 2015, Northern Eagle FCU was celebrating its first full year of operation, highlighting some of the challenges de novo charters face.

PacWest Bancorp in Los Angeles has agreed to buy Square 1 Financial in Durham, N.C.

Popular and FirstBank gained critical branches and deposits in a region where growth is hard to come by. Some observers said it could also benefit the island to have one less competitor.

The $1.4 billion-asset company said in a press release Friday that it will allow Richard Lashley, a co-founder of PL Capital, to join its board.

MONTGOMERY, Ala. — MAX Credit Union here took advantage of Black History Month to unveil its new debit card paying tribute to the historic Selma-to-Montgomery civil rights march of 1965.

Regulators have shut Doral Bank, ending a tumultuous decade for the Puerto Rican bank. The $5.9 billion-asset Doral was the fourth bank to fail this year and the biggest bank to be closed since the $11 billion-asset Westernbank in Puerto Rico was shuttered in April 2010.