Michigan

An integrated payments and receivables solution is helping two Michigan credit unions boost engagement with small business members.

LAFCU will now serve more than 63,000 members with $670 million in assets.

Level One Bank in Farmington, Mich., has hired a team of mortgage bankers from MB Financial, which previously announced it was shutting down this business line.

PFCU and SageLink Credit Union have combined to create an institution with more than $533 million in assets.

Credit unions and industry organizations across the state have banded together to aid consumers impacted by devastating flooding in Michigan's Upper Peninsula.

An affiliate of MatlinPatterson will reduce its ownership to 48% from more than 60% after selling 8 million shares.

Ross last year was elevated from EVP to president and chief operating officer, as league CEO Dave Adams shifted his focus to CU Solutions Group.

The low-cost deposits that come with the deal for 52 Wells branches in four states should fund the Michigan company's effort to become a commercial lender.

The Michigan company will buy 52 branches and $2.3 billion in deposits from the San Francisco banking giant.

As part of the deal, the the $275 million credit union has agreed to continue operating them as part of the shared branching firm's network.