Pennsylvania

Members of West York Area School District Employees Federal Credit Union approved the merger into First Capital, and the deal is expected to close this summer.

Local 229 IBEW Federal Credit Union, which had less than $2 million in assets, has merged into White Rose Credit Union.

The Pennsylvania company said it faces $7.5 million in potential exposure from a commercial lending relationship.

In blue states in particular, governors and attorneys general are taking up the mantle of consumer protection during the coronavirus emergency, effectively adding another layer of regulation to the patchwork of state and federal oversight.

At just $3.7 million in assets, tiny Financial 1st Federal Credit Union has voted to merge into Horizon FCU.

The Exton, Pa.-based credit union grew its commercial real estate and credit card lending in 2019 from a year earlier.

A large charge-off and an additional loan-loss provision reduced quarterly profit by 12%, to $47.8 million.

The company, which just hired CEO Jay Sidhu's son to groom as its next chief, had been holding itself back to avoid caps on interchange fees.

Patrick O'Brien had been CB Financial's president and CEO for about two years.

The Pennsylvania company will pay $80 million for the parent of USNY Bank.