Ohio

The Cincinnati bank could add about $30 million a year in noninterest income with its deal for the capital markets firm Bannockburn Global Forex.

The Michigan-based institution is one of a handful of credit unions that have bought or announced deals to acquire banks over the last two years.

Eric Meilstrup, who was named president last fall, will succeed Steve Foster as CEO next month.

Stephen Steinour said it was pure conjecture that Huntington was a possible suitor for the Dallas bank if it decides to put itself up for sale at some point. He emphasized Huntington's core-growth strategy and upbeat economic signs from consumers and businesses.

The bank is investing more in its digital capabilities, according to The Cincinnati Enquirer.

A big decrease in noninterest income outweighed cost controls during the first quarter.

Douglas Ankrom, who is currently chief financial officer at the Belpre, Ohio-based institution, will take over for Michael Iaderosa, who will retire later this year.

There's plenty credit unions can do to compete with the likes of Quicken Loans' Rocket Mortgage, but sources cautioned more than technology will be needed to boost the bottom line.

The company warned that the move will likely reduce its first-quarter profit by $8 million.

The pair subject to the regulator's March prohibition orders both pleaded guilty and were ordered to pay more than $320,000 in restitution, among other punishments.

Incenta Federal Credit Union in Englewood, Ohio, will merge into Pathways Financial in Columbus next week.

Events at local breweries can be a fun way to educate younger members about getting their first mortgage but credit unions must walk a fine line at such events.

A number of credit unions have faced lawsuits alleging their websites failed to meet the standards of the Americans with Disabilities Act.

Vince Liuzzi previously served as chief banking officer at DNB First in Pennsylvania.

Superior is the latest credit union to announce an acquisition involving a bank.

Superior is the latest credit union to announce an acquisition involving a bank.

Gary Moritz will leave the credit union on Feb. 1 following 30 years at the helm of the Ohio credit union.

Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.

The online platform, created by Laurel Road Bank in 2013, allows users to refinance student loans and originate mortgages.

David Fearing will take over at Accolade Asset/Liability Advisory Services as Joe Ghammashi retires.