Florida

Organizers want to open the first new bank in Michigan since 2009, while a third group in Florida has filed a de novo application.

The League of Southeastern Credit Unions is working with legislators in both states to find ways to protect consumers from predatory lenders.

Chuck Adcock will take the helm in April, 24 years after he started at the credit union as a teller.

Achieva Credit Union, which recently formed a business to advise other acquisition-minded credit unions, has agreed to buy Preferred Community Bank.

San Diego-based CU is the first new owner of the CUSO in 2018.

A Swiss financier has agreed to buy Brickell Bank a year after another sale fell through.

The Florida company reported increased net income even though its loan pipelines and production were hurt by last year's storms.

The Florida company's fourth-quarter results included double-digit loan growth and a $328 million income tax benefit associated with recently passed tax reform.

The Arkansas company's earnings fell 52% from a year earlier, reflecting a higher provision, a revaluation of its deferred tax asset and higher costs following a series of bank acquisitions.

Endeavor Bank, which raised nearly $27 million, will become the second new bank to open in California in the past year when it debuts next week.