New York

A payday lending executive who New York prosecutors say violated the state's usury laws is set to be arraigned Tuesday in a Manhattan court.

NEW YORK — Since his initial look at the risk-based capital proposal at the start of the year, Montauk Credit Union chief executive Louis Jimenez is breathing easier — but only a little.

NEW YORK — We're breathing new life into an old favorite here at Credit Union Journal, and we need your help to make it happen.

NEW YORK. — Education Affiliates FCU's members have voted to approve the proposed merger with McGraw-Hill FCU in East Windsor, N.J.

Evercore, an investment bank that often advises others on M&A deals, plans two acquisitions of its own.

Banks, especially small to midsize ones, have been rewarded with strong loan growth this year. But heavy competition and uncertain economic forecasts are forcing them to keep fine-tuning their growth strategies, asset mixes and risk tolerance.

Amalgamated Bank in New York has given its president, Keith Mestrich, the additional title of chief executive.

Bank of the Ozarks in Little Rock, Ark., has agreed to buy Intervest Bancshares in New York for $228.5 million in stock.

NEW YORK — It's a new day at Credit Union Journal, and along with that comes a vastly expanded and improved "Day in the Life of Credit Unions."

Though satisfying examiners remains a priority, their decisions about how and where to deploy resources are being mostly driven by the desire to meet customers' changing demands, according to a new survey from the advisory firm KPMG.

NBT Bancorp in Norwich, N.Y., reported a 63% rise in second-quarter earnings from a year earlier after selling partial ownership in Springstone Financial.

Shares for Sterling Bancorp in Montebello, N.Y., rose after the company posted stronger quarterly income tied to its merger with Provident New York Bancorp.

Bridge Bancorp in Bridgehampton, N.Y., reported higher quarterly earnings following the acquisition of FNBNY Bancorp earlier this year.

Covenant-Lite was a hot trend in 2007. It turns out that was just the beginning.

RYE, N.Y. — USAlliance Federal Credit Union has become the first North American financial institution to adopt the European in-branch Customer Relation Manager (CRM) kiosk solution, HappyOrNot.

First Niagara Financial Group in Buffalo, N.Y., reported higher quarterly profit after increased commercial and auto lending offset an rise in spending and a decline in fee income.

Financial Institutions in Warsaw, N.Y., the parent company of Five Star Bank, reported higher earnings along with strong loan and deposit growth.

EBay Inc.'s online ticket reselling unit StubHub was targeted by hackers who used stolen data to buy Elton John and Justin Timberlake tickets, Manhattan District Attorney Cyrus Vance Jr. said, as he announced six indictments in the case.

CEO Joe Ficalora says the thrift has ways it can buy time to announce a transformative acquisition or benefit from a change in the definition of what it requires to be a systemically important institution. With OneWest off the table, industry observers wonder if the thrift can find the deal it’s been looking for.

Fueled by strong growth in commercial real estate and specialty lending, Signature Bank in New York reported another record profit for the quarter that ended June 30.