Location Root Tag

Citizens Community Bancorp in Eau Claire, Wis., will close three branches.

The agency has been hounding the "significantly undercapitalized" bank to provide written capital restoration and contingency plans that would include ways Doral could be sold or liquidated.

OceanFirst Financial in Toms River, N.J., has shed some nonperforming mortgages.

The $171 million-asset company said in a press release Wednesday that it was recently informed that certain loans used to back its investment in repurchase agreements may be fraudulent.

The $7.9 billion-asset company said in a press release Wednesday that Michael Blodnick plans to retire next year.

First Farmers Financial in Converse, Ind., has agreed to buy three community banks in Illinois.

Xenith Bankshares in Richmond, Va., has brought in nearly $18 million in funding through a private placement and a new loan.

CNB in Centreville, Md., has named Edward Allen president and chief executive, following the resignation of its current CEO, F. Winfield Trice.

Doral Financial in San Juan, Puerto Rico, has sold more loans in a move that will deplete capital but bolster the company's liquidity.

MADISON, Wis. — CUNA Mutual Group said it has reached an agreement to sell Producer's Ag Insurance Group — its crop insurance business better known as ProAg — to HCC Insurance Holdings, Inc.

Whether it was driven by procedure, policy or politics, NCUA's decision to reissue its controversial risk-based capital rule for comment met with much approbation by credit union executives and stakeholders, even as the industry is still holding its breath to see what the revised proposal looks like.

The Seminole Tribe of Florida has agreed to buy Mackinac Savings Bank in Boynton Beach, Fla.

Members of the Santa Cruz County Employees CU in Santa Cruz, Calif., have approved a plan to merge with Bay FCU in Capitola, Calif.

ALEXANDRIA, Va. — NCUA liquidated Republic Hose FCU in Youngstown, Ohio, Tuesday, the eighth credit union failure of the year.

PNC Financial Services in Pittsburgh has agreed to buy Solebury Capital Group.

The $3.2 billion-asset HomeStreet will pay $128 million in stock for the $870 million-asset Simplicity, the companies said in a press release Monday.

ALEXANDRIA, Va. — After months of debate, NCUA Board Chairman Debbie Matz on Monday said she will request a revised risk-based capital rule be issued along with a new comment period "as a result of significant structural changes being considered."

WASHINGTON — The merger agreement between the Federal Home Loan Banks of Seattle and Des Moines contains a little-noticed provision that would force one of them to pay a $57 million penalty if it break off talks.

The Credit Union National Association has named the winners of its 2014 Community Credit Union of the Year Awards.

Bank of America has agreed to pay $7.65 million to settle charges that it overstated its capital levels because of incorrect accounting from its 2009 acquisition of Merrill Lynch.