Washington

Heritage Financial in Olympia, Wash., has agreed to an early termination of its Federal Deposit Insurance Corp. loss-share agreements for its purchase of two failed banks in 2010.

Foundation Bank in Bellevue, Wash., has taken a $2.9 million charge tied to a fraudulent loan and plans to report a quarterly loss later this week.

Participants at the 2015 Legislative Summit of the National Conference of State Legislatures (NCSL) here will be besieged by credit union messaging from a variety of CU trade groups.

Washington Federal in Seattle reported higher quarterly profit due to gains from the sale of foreclosed properties and certain investments.

In the wake of the recent Supreme Court decision legalizing gay marriage, Equality CU, which plans to cater to the LGBT community, faces a number of road blocks. But the fledgling group offers unique perspective on how all CUs can try to reach this market.

Northwest Bancorp. in Spokane, Wash., has agreed to buy Fairfield Financial Holdings in Fairfield, Wash., for about $21 million in cash. The deal is expected to close in the fourth quarter.

Two community banks that focus on underbanked and low-income populations, City First Bank of D.C. and Southern Bancorp in Arkadelphia, Ark., have joined an international group that promotes socially and environmentally responsible development.

Riverview Bancorp in Vancouver, Wash., is in talks with an activist investor about a board seat.

HomeStreet in Seattle has hired Melba Bartels as chief financial officer, filling a position that has been vacant since March 2012.

Serving a single sponsor that is, itself, legendary for its customer service — and scattered all across the U.S. — means Nordstrom FCU has to be at the top of its game.

The $447 million-asset Inland Northwest said Russell Lee will take over as CEO on June 29.

Columbia Banking System in Tacoma, Wash., tapped organic growth and its purchase of Intermountain Community Bancorp to post higher quarterly profit.

SEATAC, Wash., and TIGARD, Ore. — The Northwest Credit Union Association on Tuesday said it has unveiled a "new online dating website" for its CUs.

Coastal Financial and Prime Pacific Financial Services, each based in Snohomish County, Wash., have agreed to merge.

Sound Financial Bancorp in Seattle has selected a former Fannie Mae executive to join its board.

HOQUIAM, Wash. — Five years ago Newrizons FCU was facing collapse — suffering steep drops in membership, loans, and assets. It was a situation so severe that NCUA issued the tiny institution a prompt corrective action warning.

Foundation Bancorp in Bellevue, Wash., has sold $15 million of convertible preferred stock in a private offering.

SEATAC, Wash. and TALLAHASSEE, Fla. — A new state credit union league partnership could provide better HR solutions for CUs everywhere, and it's all because one league staffer wanted to relocate.

WASHINGTON — U.S. Sens. Jerry Moran (R-Kan.) and Heidi Heitkamp (D-N.D) have introduced a bill aimed at alleviating the regulatory burden related to privacy notices.

Bank Mutual Corp. is planning to close seven branches in Wisconsin.