Location Root Tag

LOMPOC, Calif. — Following a conversion from federal to state charter last month, the $750 million CoastHills Credit Union is expanding its services and field of membership to five contiguous Central Coast California counties to include Monterey, San Luis Obispo, Santa Barbara, Santa Cruz and Ventura.

Two Midwestern banking companies, First Midwest Bancorp in Illinois and First Federal of Northern Michigan Bancorp, have completed previously announced acquisitions.

Old National Bancorp in Evansville, Ind., is selling $150 million of unsecured senior notes to fund the cash portion of pending deals and to possibly support future acquisitions.

BREA, Calif. — Members of the $130 million South Western Federal Credit Union voted "overwhelmingly" in favor of merging into the $781 million Credit Union of Southern California, all but finalizing the union of the two CUs.

ALEXANDRIA, Va. — NCUA said Monday it will provide free consulting services to nearly 180 credit unions during the second half of the year.

The banking industry had its second most profitable quarter in 23 years in the April-June period, according to SNL Financial.

Paula Johannsen was the most-active financial adviser at midyear with six mergers under her belt. In a wide-ranging interview, she discusses Florida M&A, compliance delays and the reasoning behind mergers of equals.

Shares in Green Bancorp jumped nearly 14% following the Houston company’s initial public offering.

Regulators have released MetaBank in Storm Lake, Iowa, from a consent order tied to a payday-like loan program it once offered.

Executives at Allegiance Bancshares have long been vocal about their desire to take the Houston company public. The company recently agreed to buy Farmers & Merchants Bancshares, giving it one more opportunity to boost its profile before taking the plunge.

Mutual of Omaha Bank has agreed to sell five branches to CIC Bancshares in Denver.

Northern Trust in Chicago has appointed Peter Jordan as head of global fund services for the bank's Asia-Pacific region.

OGDEN, Utah — The thief who allegedly robbed ISU Credit Union at gunpoint last week used a fake bomb to rob a bank Thursday.

WASHINGTON — Although a new Federal Reserve Board study shows that many Americans have recovered from the "Great Recession," a significant number of consumers are still struggling.

NEW YORK — Since his initial look at the risk-based capital proposal at the start of the year, Montauk Credit Union chief executive Louis Jimenez is breathing easier — but only a little.

SAINT JOSEPH, Mich. — Four years after launching its business lending program here, United Federal Credit Union has realized an asset under management per underwriter increase of more than 100%.

BLOOMINGTON, Ind. — The Consumer Financial Protection Bureau has withdrawn the names of two Indiana credit unions from a blog post that called out banks and CUs for a lack of transparency about their relationships with universities.

CARSON CITY, Nev. — After having its member business lending program sidelined by regulators in 2010, Greater Nevada CU is making a comeback, having increased its business lending portfolio by 115% over the past 18 months.

TALLAHASSEE, Fla. — As the NCUA mulls member business lending risk weights for its final risk-based capital rule, the head of one credit union service organization contends that the agency needs to consider weighting more by product type than percentage of the portfolio.

NEW YORK — We're breathing new life into an old favorite here at Credit Union Journal, and we need your help to make it happen.