Location Root Tag

ALEXANDRIA, Va. – NCUA Board Chairman Debbie Matz has tapped Board Member Rick Metsger to serve as the agency’s vice chairman.

TALLAHASSE, Fla. — Credit unions continue to buy banks, with First Commerce CU here entering into a purchase and assumption agreement with First National Bank of Crestview.

MutualBank in Muncie, Ind., said it has closed the acquisition of Summit Mortgage, in Fort Wayne.

Bank of the Ozarks' deal to buy Intervest Bancshares looks a bit odd on paper because the two are very different and operation in different of parts of the country. However, Intervest would give Ozarks a commercial lending niche it lacks.

Banks, especially small to midsize ones, have been rewarded with strong loan growth this year. But heavy competition and uncertain economic forecasts are forcing them to keep fine-tuning their growth strategies, asset mixes and risk tolerance.

Amalgamated Bank in New York has given its president, Keith Mestrich, the additional title of chief executive.

Rich Weaver has retired as commissioner of the Missouri Division of Finance.

Liberty Bank in New Orleans reached agreement a year ago to acquire First Tuskegee Bank in Alabama. But the deal has remained in limbo ever since, and it shows that buyers and sellers can take little for granted in bank M&A.

Gabe Krajicek, CEO of Austin, Texas-based BancVue, a wholesale financial services company, reminded credit unions to be aware of the potential for a short-term interest rate hike in 2015.

RIVERSIDE, Calif. — Altura Credit Union reported $3.82 million in net income during the second quarter of 2014, marking 13 consecutive quarters of positive earnings.

Essex Bank in Richmond, Va., recently launched a wholesale mortgage funding group.

LAS VEGAS — Credit Union Journal asked attendees of NAFCU Annual Conference last month to look ahead to the strategic planning season and answer the question: Is your credit union adding any new agenda items this year?

FORT WAYNE, Ind. — Don Cates is eyeing banks in the northeastern section of the Hoosier state more carefully these days.

BIRMINGHAM, Ala. — The biggest trend in credit union strategic planning over recent years has been considering it more as a process than an event.

Bank of the Ozarks in Little Rock, Ark., has agreed to buy Intervest Bancshares in New York for $228.5 million in stock.

LAS VEGAS — With less than a year before implementation, the clock is ticking for financial institutions that need to overhaul mortgage disclosures.

ALEXANDRIA, Va. — Robert Scott has dedicated much of his life to helping credit union members, serving on Pentagon FCU's board of directors for the last 28 years.

LAS VEGAS — NCUA's Office of Small Credit Union Initiatives has undertaken an "impact study" to determine how effective it has been in working with small CUs.

NEW YORK — It's a new day at Credit Union Journal, and along with that comes a vastly expanded and improved "Day in the Life of Credit Unions."

WESTERN, Wis. — WESTconsin Credit Union on Thursday named Lora Benrud as the new CEO of the $907 million CU.