Location Root Tag

Security National Bank in Sioux City, Iowa, said Thursday that it has agreed to purchase First Trust & Savings Bank in Moville, Iowa.

Heartland Financial in Dubuque, Iowa, has split the positions of president and chief executive, the company announced Wednesday.

ALEXANDRIA, Va. — Loan balances at credit unions are by more than 10% year-over-year for the third quarter, according to new data released Thursday by NCUA.

WASHINGTON — NAFCU's board is meeting with senior officials of the Federal Reserve Thursday to discuss key credit union issues, as well as to present findings from trade's annual report on the movement.

WASHINGTON — The Cooperative Trust, the group for young professionals within the credit union movement, is calling for applications to "crash" CUNA's 2015 Governmental Affairs Conference.

James Ladio, a former chief executive of MidCoast Community Bank in Wilmington, Del., was sentenced to two years in prison for his role in a fraudulent loan scheme.

Target Corp. (TGT) must defend itself against claims that its failure to shield computer systems allowed hackers to steal the account data of millions of shoppers, forcing banks to reimburse fraudulent charges and issue new credit and debit cards.

The company spent several years cutting costs and exiting troublesome business to stay afloat. This year, however, management has been focused on upgrading branches and offering a small, unsecured loans to lure younger borrowers.

Hills Bancorp. in Hills, Iowa, expects to record a nearly $2 million impairment charge in the fourth quarter.

The Bancorp in Wilmington, Del., will have a new chief executive next year.

Seacoast Commerce Bank in San Diego has created a new holding company.

Customers Bancorp in Wyomissing, Pa., has increased its earnings estimates for 2014 and 2015 based on changes in its technology strategy.

The American Bankers Association has added 12 banks to community banks indexed and listed with the Nasdaq stock exchange.

The Freedom Bank of Virginia has extended the deadline for its $4 million stock offering in response to investors' requests for more time.

National Bank Holdings in Greenwood Village, Colo., has announced the retirement of director Lawrence Fish.

NEW YORK — Grameen America, a nonprofit microfinance organization that specializes in providing small business loans to low-income women, may seek to adopt a credit union structure.

BALTIMORE — Building brand awareness is challenging for any organization, especially if employees have trouble understanding management's brand objectives. This was the case for Securityplus Federal Credit Union until a new approach was taken.

GENEVA, N.Y. — To better compete with regional competition, Finger Lakes Federal Credit Union enhanced its digital banking and payment capabilities, which has increased online banking usage by 34% and mobile growth by 128%.

Summit Community Bank in Moorefield, W.Va., said Wednesday that it has shed an enforcement action and completed the first portion of its private placement with Castle Creek Capital Partners.

ST. LOUIS — The Missouri Credit Union Association (MCUA) has embarked on a statewide consumer awareness campaign to increase its profile with consumers after learning that most residents of the "Show Me State" weren't familiar with CUs.