Illinois

Credit unions can usually limit attrition of consumer accounts after a bank acquisition, but maintaining relationships with business customers is the bigger challenge.

Kelly McDonough will take over next month, nine months after the $289 million-asset shop's former CEO left to lead a CUSO.

A Wisconsin credit union's agreement to acquire a small Chicago bank, the eighth credit union-bank deal this year, led bankers to once again call for policymakers to slow the trend. A credit union trade group complained that banks are trying to stifle competition.

The company will pick up five branches as part of the $48 million deal.

Charges against Stephen Calk indicate he lied to regulators about what he knew when he approved loans to Paul Manafort, as well as his interest in landing a job in the Trump administration.

Consolidation activity was ho-hum for most of April before a burst of transactions — and notable ones at that — were announced in the month's final week.

Shelley Seifert had been the bank's chief operating officer.

Luis A. Reyes Jr. takes over for the Rev. Arnold O. Pierson, who served as president since the institution opened in June 2016.

Members of Bard Employees Federal Credit Union approved the merger into Baxter Credit Union earlier this month.

Urbana Postal Credit Union is the latest in a string of closures and rebrandings as CUs chartered to serve post office employees attempt to stay relevant.