Location Root Tag

Northwest Bancshares in Warren, Pa., has bought B.J. Petruso Agency in Meadville, Pa.

Numerous banks are expected to say they trimmed expenses yet again when they report fourth-quarter results in the coming weeks. But that trend may ebb soon as many executives are forced to spend on technology and to expand their businesses.

Avenue Financial Holdings in Nashville, Tenn., is looking to raise $30 million through an initial public offering.

City Holding in Charleston, W. Va., has sold its insurance division to The Hilb Group, a broker based in Richmond, Va.

Doral Financial continues to go back and forth with the Federal Deposit Insurance Corp. over the San Juan, Puerto Rico, company's capital restoration plan.

Malvern Bancorp in Paoli, Pa., has entered a partnership with Bell Rock Capital in Delaware to offer wealth management services.

Central Valley Community Bank in Fresno, Calif., plans to report a fourth-quarter loss because of a hefty chargeoff of commercial loans.

Nationwide the number of bank branches fell by about 1.7% last year. But some cities and states were hit harder than others, according to data from the Federal Deposit Insurance Corp. and research firm BankRegData.

National Commerce in Birmingham, Ala., is looking to raise $50 million through an initial public offering.

BROOMFIELD, Colo. — Community Financial Credit Union here said it will distribute $400,000 to reward its most loyal members as part of its "Member Bonus" program.

Government investigations of auto lending are beginning to pile up, and they are weighing on investors' perceptions of the fast-growing industry.

ROCKY HILL, Conn. — Nutmeg State FCU kicked off the new year with a new charter, converting from a federal charter to a state charter and becoming Nutmeg State Financial CU.

A San Diego-based debt collector has agreed to pay $675,000 in civil penalties and give up $18 million won in court fights against 4,500 consumers, New York Attorney General Eric Schneiderman said Friday.

GRAND RAPIDS, Mich. — One key element that separates credit unions from their competitors is the skills, talents and experience of their employees.

The company said in a press release Thursday that it redeemed preferred shares worth $76.46 million that were issued under the program to the Treasury Department.

The Man Group, an international hedge funder provider that manages approximately $72.3 billion, has contracted with Thomson Reuters to use its Accelus Org ID "Know Your Customer" platform.

Gov. Scott Walker of Wisconsin addressed speculation about a possible presidential bid during a speech to the Wisconsin Bankers Association.

TEXAS CITY, Texas — The $652 million AMOCO Federal Credit Union said it showed its appreciation for the members that most believe in it through a $1 million bonus dividend.

Potential buyers have long been wary of high premiums and the potential for volatility in the energy sector. A harsh correction in oil prices and Texas bank pricing has suddenly given those banks a chance to revisit their views.

Guaranty Bancshares in Mount Pleasant, Texas, has agreed to buy DCB Financial in Dallas.