Location Root Tag

ALEXANDRIA, Va. — The NCUA Board will go over the regulator's 2014 mid-year operating budget when it holds its next scheduled meeting Thursday morning, and plans to introduce a rule that is expected to bring significant relief to credit unions.

Shares for Sterling Bancorp in Montebello, N.Y., rose after the company posted stronger quarterly income tied to its merger with Provident New York Bancorp.

Sun Bancorp in Mount Laurel, N.J., has agreed to hire four new executives, promoted another executive, and hired a technology consulting firm.

Heartland Financial USA in Dubuque, Iowa, posted higher second-quarter earnings after growing loans organically and through acquisitions.

Eagle Bancorp in Bethesda, Md., plans to raise $55 million by issuing subordinated debt.

WASHINGTON — CUNA and NAFCU are watching the House Financial Services Committee closely today, hoping the panel votes not only to provide regulatory relief for credit unions, but also approves a legislative amendment that could delay implementation of NCUA's risk-based capital rule.

CHUBBUCK, Idaho — Police believe they have identified the man who walked into ISU Credit Union last weekend, displayed a gun and tied up two employees before leaving with an undisclosed amount of money.

Bank of Hawaii in Honolulu reported that second-quarter profit rose on growth in commercial and consumer loans, and from higher returns on securities investments.

Bridge Bancorp in Bridgehampton, N.Y., reported higher quarterly earnings following the acquisition of FNBNY Bancorp earlier this year.

Opus Bank's expansion into new areas of lending helped pushed its loans up 44% in the second quarter from a year earlier.

U.S. Bancorp automated teller machines are now accepting donations to help the American Red Cross with its disaster relief efforts in Washington and Oregon.

Capitol Federal Financial in Topeka, Kan., reported a higher quarterly profit as costs for Federal Home Loan Bank borrowings and compensation declined.

RANCHO CUCAMONGA, Calif. — CO-OP Financial Services is expanding its popular THINK initiative, adding a series of four free regional one-day events to go along with its annual conference.

Independent Bank Corp. in Ionia, Mich., reported lower second quarter earnings as income related to mortgages fell dramatically.

Old National Bancorp in Evansville, Ind., has agreed to acquire Founders Financial in Grand Rapids, Mich., for $88.2 million in cash and stock.

Zions Bancorp. in Salt Lake City is planning to raise $525 million in fresh capital to satisfy regulators' concerns about its ability to withstand a severe economic downturn.

Covenant-Lite was a hot trend in 2007. It turns out that was just the beginning.

GreenChoice Bank in Chicago is the fourteenth failure this year. An investment group seeking to establish an environmentally friendly bank saved the thrift from collapse four years ago, but it fell on hard times again.

LAS VEGAS — NCUA plans to propose a rule to "effectively eliminate" the 5% cap on fixed assets, NCUA Chairman Debbie Matz announced.

Prosperity Bancshares in Houston reported record profits in the second quarter as two recent acquisitions substantially boosted interest and fee income.