Vermont

The Vermont-based credit union received the OK from federal regulators to add 650,000 potential members to its FOM, an increase of 15%.

As many as 20% of institutions haven't started planning for the new standard, according to one study. Many say CUs must start now in order to be ready, even if the rule is postponed.

All-electric, zero-emission vehicles make up less than 2% of the market, but a handful of credit unions see an opportunity despite some unusual variables.

The Springfield, Vt.-based institution is the latest CU to cross a neighboring border, as a number of other institutions have looked to expand their reach

Mark Fierro, who was previously the CUSO's chief operations officer, was named as interim CEO late last year.

Banks were reluctant to offer services to an industry that had a hazy legal status. That’s about to change.

Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.

Smith takes over for Jerry Cross, who retired after 32 years of service.

New leader was hired as chief financial officer in 2006, has been interim president for the last year.

An influx of new people to the Pacific Northwest and Southeast could have big implications for banking, from M&A to de novo efforts.

The $605 million-asset company disclosed in a regulatory filing that Stephen Marsh, its CEO since 2008, retired on Dec. 31.

The $9 billion-asset company said in a press release Monday that it bought the business assets of Ronald N. Lazzaro in Rutland, Vt., a financial planning an investment services firm.

Community Bank System in Syracuse, N.Y., has agreed to buy Merchants Bancshares in South Burlington, Vt., for $304 million, or $44.02 a share, in cash and stock.

Berkshire Hills Bancorp in Pittsfield, Mass., has agreed to buy the assets and certain liabilities of a wealth management firm in Vermont.

State student loan authorities sense a business opportunity helping graduates who are gainfully employed lower their payments. Their low-cost funding could put them in competition with banks and marketplace lenders.

The burgeoning industry has been hoping the Supreme Court would overturn a problematic lower-court ruling, but the unexpected passing of a conservative stalwart makes that outcome less likely.

Merchants Bancshares in South Burlington, Vt., has named an interim principal financial officer after its chief financial officer resigned.

Banks have made changes to overdrafts, such as lowering fees offering clearer explanations. They better, as the CFPB will soon offer new rules for overdrafts. Plus, overdraft revenue has declined at many banks. Still unanswered is the question of how to offer short-term credit, if overdrafts disappear.