Location Root Tag

National Bank of Commerce in Birmingham, Ala., has purchased a majority interest in CBI Holding Co.

Nope, it's not more money, at least not directly. The key to hiring a good loan officer, or retaining one, is said to be showing that your mortgage shop can close loans on time, act professionally and protect employees' reputations in the market.

Fitch Ratings has downgraded the U.S. residential mortgage servicer rating of EverBank Financial in Jacksonville, Fla., despite servicing-operations changes that are expected to improve its performance.

MEDLEY, Fla. — With almost no public transportation in its service area, Compass Financial FCU realized it needed to do more than just give its members an auto loan. The CU also needed to help members keep their cars on the road.

BEAVERCREEK, Ohio — Though the refinance boom is over and several mortgage giants are reeling as originations decline, some credit unions are thriving as they tap into a new source — first-time home buyers.

CommunityOne Bancorp in Charlotte, N.C., has combined the roles of president and chief executive in an effort to trim operating expenses.

BEAVERTON, Ore. — From coast to coast, credit union and state league executives hailed the selection of Jim Nussle as the new leader of CUNA — with two people independently using the word "excellent" to describe the hire.

City National Bank of New Jersey has agreed to sell deposits and loans associated with a branch on New York's Long Island to Bethpage Federal Credit Union.

National Credit Union Administration board member Rick Metsger said a Federal Housing Finance Agency proposal to restrict Federal Home Loan Bank membership could give banks an unfair advantage over some smaller credit unions.

If anybody deserves to tell a "Gee, my arms are tired" joke, it's Bob Barnes of Mainstreet Community Bank of Florida, who spent the month of August doing push-ups to raise money for a community group that provides food and shelter for people in need.

First Citizens Banc in Sandusky, Ohio, has agreed to buy TCNB Financial in Dayton, Ohio.

Citizens Financial Group in Providence, R.I., is expanding its banking unit that focuses on the technology sector.

New York City Mayor Bill de Blasio has appointed Minerva Tantoco, a former executive at UBS and Bank of America, as the city's chief technology officer.

NewDominion Bank in Charlotte, N.C., said Wednesday that its chief executive, C. John Hipp, plans to retire by the end of the year. He will be succeeded by Blaine Jackson, the bank's chief financial officer.

First Business Financial Services in Madison, Wis., has appointed David Papritz as chief financial officer and senior vice president of corporate development.

The Federal Reserve Boardhashit Fulton Financial in Lancaster, Pa., and its subsidiary Lafayette Ambassador Bank in Bethlehem, with a cease-and-desist order.

Poage Bankshares in Ashland, Ky., has agreed to acquire Commonwealth Bank in Mount Sterling, Ky.

WASHINGTON — NCUA Board Member Rick Metsger said Wednesday he favors doubling the implementation period, which would create a de-facto second comment period on the agency's controversial risk-based capital rule.

ALEXANDRIA, Va. — Federally insured credit unions saw an increased median rate of loan growth in the year ending June 30, according to analysis of state-level data released Tuesday by NCUA.

WASHINGTON, D.C. — The Credit Union National Association announced Tuesday it has picked Jim Nussle, a former eight-term congressman and director of the White House Office of Management and Budget, as the trade group's new president and CEO.