Location Root Tag

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.

Investors Bancorp in Short Hills, N.J., reported a steep drop in second-quarter profits from last year, as operating expenses far outpaced returns from loans and other business lines.

OLYMPIA, Wash. — William Paulen has been named president and CEO of Generations Credit Union here.

TCF Financial (TCB) in Wayzata, Minn., reported a significant increase in second-quarter earnings as a surge in automobile lending and improved asset quality offset a decline in fees from deposit accounts.

The $9.8 billion-asset MB Financial received approval from the Office of the Comptroller of the Currency on Thursday to acquire Taylor Capital in Rosemont, Ill.

SAN DIEGO — Financial institutions this year have shown greater interest in marketing to "mobile-only" consumers, and mobile deposit is becoming the preferred way to load prepaid cards and deposit checks.

MOLINE, Ill. — If time really is money, then IH Mississippi Valley CU had a lot to lose when paper documents were missing in action.

WASHINGTON — Small credit unions that deploy a full suite of technology offerings — including remote deposit capture, mobile and online banking — stand a better chance at sustainable growth than those that do not.

RYE, N.Y. — USAlliance Federal Credit Union has become the first North American financial institution to adopt the European in-branch Customer Relation Manager (CRM) kiosk solution, HappyOrNot.

LAS VEGAS — NCUA Chairman Debbie Matz reiterated last week that the agency plans to make "significant changes" to its proposed risk-based capital rule, but some industry stakeholders were still skeptical of how the final rule will look, particularly if it isn't reissued for a second comment period.

DES MOINES, Iowa — Thanks to host card emulation (HCE), tap-and-go may well become the primary way consumers pay with their phones at the point of sale.

First Niagara Financial Group in Buffalo, N.Y., reported higher quarterly profit after increased commercial and auto lending offset an rise in spending and a decline in fee income.

Hancock Holding in Gulfport, Miss., reported lower quarterly earnings, primarily because of lower returns from its loan portfolio.

Customers Bancorp in Wyomissing, Pa., turned strong loan and deposit growth into higher profits last quarter.

Banner in Walla Walla, Wash., reported a big increase in second-quarter earnings thanks to its recent branch acquisitions in Oregon.

City National in Los Angeles reported a sharp rise in profits in the second quarter, fueled by loan growth and an increase in fee revenue.

Iberiabank's quarterly profits jumped due to growth in the Lafayette, La., company's loan portfolio.

BankUnited in Miami Lakes, Fla., reported lower quarterly profit because of rising noninterest expenses and a higher loan-loss provision.

Community Bank of the Chesapeake in Waldorf, Md., has a new chief executive.

Susquehanna Bancshares in Lititz, Pa., reported a profit of $43.5 million in the second quarter, down 5% from a year ago, as mortgage and capital markets revenues fell sharply.