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First Interstate BancSystem, in Billings, Mont., will appeal a Montana state court jury's verdict that the company pay about $17 million in compensatory and punitive damages from a dispute with a former customer.

WASHINGTON — CUNA paid former President and CEO Bill Cheney more than $1.3 million in total compensation in 2013, according to IRS form 990 released by the trade association.

Four Oaks Fincorp in Four Oaks, N.C., has raised $24 million through a rights offering.

Stephen E. Dowd, the chief financial officer of CMS Bancorp in White Plains, N.Y., has died. The $273 million-asset company announced Dowd’s “unexpected passing” in a press release on Friday.

An investor has filed a lawsuit to block the merger deal between the two First Citizens banks in the Carolinas, which are controlled by the Holding family. The case could turn on whether the directors on the special committees that reviewed the deal were truly independent of the Holdings.

LIVONIA, Mich. — One of the most successful league initiatives in the country, Invest in America, is steering its way along a new course.

Costs associated with its recent acquisition pushed Cascade Bancorp, in Bend, Ore., into the red in the second quarter.

FREDERICK, Md. — Although software as a service is a common phrase due to wide market adoption rates, technology as a service is another idiom that is catching on for similar reasons.

TAMPA, Fla. — Grow Financial Federal Credit Union wanted a technology tool that captures results and interest so it invested in teller capture solutions.

AUBURN HILLS, Mich. — When credit union members need answers to questions these days, they want them easily and fast.

AS VEGAS — Credit union boards must always have an eye on succession plans for both themselves and for upper management.

Sun Bancorp in Mount Laurel, N.J., plans to raise approximately $20 million to fund its recent restructuring.

PLYMOUTH, Minn. — For many credit unions, selecting a new core provider is a cumbersome, tedious process that takes months and sometimes more than a year.

MADISON, Wis. — CUNA Mutual Group is expanding its credit union member-facing insurance options through an alliance with private health insurance marketplace GoHealthInsurance, which will allow CUs to market health insurance directly to members.

ALEXANDRIA, Va. — NCUA has received nearly $5.4 million in restitution from a fraud prosecution by the U.S. Attorney's office of the Northern District of New York.

Beneficial Mutual Bancorp in Philadelphia, which dates back to 1853, is the latest old-school mutual thrift to announce plans for a second-step conversion to a fully public stockholder company.

C1 Financial, a $1.4 billion-asset company in St. Petersburg, Fla., raised $45 million today from its initial public offering.

FERGUSON, Mo. — All around Alliance Credit Union's office here, businesses have broken windows, knocked-down doors, and one has even been burned to the ground amid the riots that have followed the deadly shooting of a local young black man by a white police officer.

MADISON, Wis. — CUNA Mutual Group is expanding its credit union member-facing insurance options through an alliance with private health insurance marketplace GoHealthInsurance, which will allow CUs to market health insurance directly to members.

Nearly six months after some CertusBank investors demanded a total management overhaul, the Greenville, S.C., company elected six new board members at an annual meeting last week. Yet investors remain very concerned about the company's ongoing losses and capital levels, new Chairman John Poelker says.