Michigan

The payments company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans.

Small Michigan CU will merge into BlueOx Credit Union of Battle Creek.

For two weeks only, Michigan State University FCU used a holiday pop-up shop to test a new way to boost awareness of the credit union.

The company agreed to buy TCSB Bancorp, the parent of Traverse City State Bank, for $63 million.

The Michigan company, which lost more than $1.4 billion in the aftermath of the financial crisis, is trying to become more of a commercial lender. Its recent agreement to buy a deposit-rich franchise in California could help it get there.

Stephen Grech takes the reins at Monroe County Community, following former CEO Mike Newman's death earlier this year.

Most of Sterling Bancorp's operations are in San Francisco and Los Angeles. The company plans to use some of the $93 million it will raise to expand in New York and Seattle.

The Michigan company's third-quarter results were down slightly from a year earlier despite increased commercial lending and a wider net interest margin.

The aid helps credit unions create community reinvestment and financial education initiatives.

After years of traditional job shadowing, a new initiative gives back office staff a taste of the challenges associated with member-facing positions.

The Michigan credit union's Passion Project gives employees the opportunity to connect with their community, as well.

Chemical Financial and Fidelity Southern are the latest banks to curtail auto lending, blaming trends in auto sales and overheated competition.

The new institution will be the result of a merger between Newaygo County Service Employees CU and Rogue River Community CU.

Chemical Financial's decision to shutter nearly 40 branches and cut more than 200 jobs is a result of improved technology and an effort to become more efficient after years of pursuing acquisitions.

The Michigan company said the branch closures will save it $20 million a year. It also plans to devote fewer resources to indirect auto, where returns have trailed other lending categories.

Lake Michigan Credit Union’s deal for Encore Bank would give it a total of 10 branches on the Florida Gulf Coast.

The Michigan company's profit benefited from a larger balance sheet and a reduction in merger-related expenses.

The Michigan company had fewer gains from loan sales. It also reported an increase in noninterest expenses.

LeDu has formerly dealt with compliance matters for the Michigan Credit Union League, CU Solutions Group and more.

Tiny Kalamazoo Building Trades CU will merge into KALSEE Credit Union following its CEO's retirement and losses of more than $50,000 for each of the last two years.