Florida

State law bars credit unions from accepting deposits from cities, counties and other government entities. Florida banks say it should stay that way unless tax advantages for credit unions are removed, but credit unions counter that banks are trying to stifle competition.

The credit union saw a 50 percent increase in mortgage originations, which helped spur a significant spike in net income last year.

Credit unions in those two states also posted double-digit growth in total loans and recorded lower delinquency rates.

Joseph Nowland will take over at the Jacksonville, Fla.-based institution after Gerri Sexsion retires later this month.

John Quill, a former deputy comptroller, had a key role deciding which banks could participate in the Troubled Asset Relief Program.

The Mississippi company will pay more than $200 million for the parent companies of Texas Star Bank and Summit Bank.

Gulf Atlantic Bank would be the eighth bank in the market, and just the second with local ownership.

Ronald Rubin, who was a CFPB enforcement attorney, will head an office overseeing nearly 200 state-chartered banks.

Fairwinds Credit Union in Orlando is set to buy Friends Bank, the third time this year a Florida-based bank has agreed to sell to a credit union.

Fairwinds Credit Union's deal for Friends Bank marks the third time this year that a Florida bank has agreed to be sold to a credit union.