Ohio

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.

Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner.

Last week the car manufacturer said it would cut jobs and close factories. Now credit unions in the affected areas are considering how the news will affect their members and themselves.

Heartland BancCorp received the funds through a private placement to invest in several possible expansion options.

Bankers complain that the quasi-governmental system's new program designed to make more residential loans in four states goes well beyond its original mission.

The $45 million purchase will provide Peoples with eight branches and $244 million in deposits.