Location Root Tag

WINSTON-SALEM, N.C. — Allegacy FCU here has hired Jill Lackey to lead its newly formed CUSO, Allegacy Consulting Group.

Community West Bancshares in Goleta, Calif., is continuing to find ways to buy back stock it issued through the Troubled Asset Relief Program.

Fortress Risk Management, a Connecticut-based financial security software firm, announced a five-year deal this morning to provide Canandaigua National Bank and Trust with its DisputeManager software and other services to react to financial crimes.

WASHINGTON — Jim Nussle learned about credit unions the hard way, and it's a story the new president and CEO of CUNA tells regularly about the importance of CU advocacy.

Veritex Holdings in Dallas could sell up to $40.4 million of its common stock as part of its initial public offering.

NewBridge Bancorp in Greensboro, N.C., has agreed to buy Premier Commercial Bank in Greensboro.

Heritage Commerce in San Jose, Calif., has agreed to buy the parent company of factoring firm Bay View Funding in Santa Clara, Calif.

Prosperity thought it had its bases covered, adding a clause in an employment agreement with lenders at an acquired bank in Oklahoma establishing Texas law as the jurisdiction for the contract. A judge disagreed in a decision that should get the attention of banks eyeing out-of-state deals.

There's a growing push to revisit how banks are determined to be "systemically important" under the Dodd-Frank Act, but questions about how to resolve the problem still loom large.

Heritage Financial Group in Albany, Ga., has agreed to buy a branch in a northeast Atlanta suburb from PrivateBancorp.

Astoria Financial in Lake Success, N.Y., has hired former KeyCorp executive Hugh Donlon to be its chief lending officer.

The trade group said late Tuesday that Peter Gwaltney will succeed Thad Woodard on Jan. 2. Woodard is retiring after spending 37 years in various capacities at the association.

The banking associations in Virginia and West Virginia have, for now, called off discussion about creating a single trade group.

H&R Block, for the second time in a year, is finding it challenging to get out of banking.

The $7.8 billion-asset company disclosed in a regulatory filing Friday that it had sold performing mortgages with outstanding balances of roughly $193 million to First BanCorp, also in San Juan.

Valley Community Bank's biggest shareholder has gone public with his objection to the Pleasanton, Calif., bank's sale to FNB Bancorp in San Francisco.

BEO Bancorp in Heppner, Ore., has agreed to buy Bank Reale, in Pasco, Wash. A purchase price for the cash-and-stock deal was not disclosed. The transaction is expected to close in the first quarter.

Greer State Bank in Greer, S.C., has eliminated its chief banking officer position, according to a regulatory filing.

The Golden State is home to nearly a quarter of the banks on Sandler O'Neill's annual list of the top-performing small-cap institutions, a hint that the state could be returning to its pre-recession strength. Banks in the Northeast and mid-Atlantic also had strong performances.

PSCU's Third Annual KnockOut started with some 30 teams comprised of 150 competitors from 11 credit unions. After an intense 24-hour bout, team Tech Attack's balance-transfer app solution was victorious.