Washington

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.

Banner Corp. in Walla Walla, Wash., has lowered its fourth-quarter profit due to an adjustment to the its provision for income taxes.

WASHINGTON — President Obama vowed to veto any future "unraveling" of the Dodd-Frank Act during his State of the Union address Tuesday night, further uniting Democrats against major changes to the law under the GOP-led Congress.

First Sound Bank in Seattle has agreed to buy Eastside Commercial Bank in Bellevue, Wash.

WASHINGTON — The Federal Housing Finance Agency said Monday it has approved the merger of the Federal Home Loan banks of Des Moines and Seattle, giving approval to the first voluntary combination in the history of the system.

SPOKANE, Wash. — STCU closed out the year with the news that it hit the $2 billion-asset mark in November.

SEATTLE — Verity Credit Union, a $432-million federally-insured state-charter, launched a program last year to further encourage the local popularity of bicycle riding.

WASHINGTON — The Federal Reserve Board released a proposal Tuesday laying out how it would institute capital surcharges on the country's biggest banks, saying it plans to be tougher than an international agreement on the issue.

WASHINGTON — Credit unions aren't the only ones bracing for changes to rules related to risk-based capital and risk weights.

Borrowers who have made five years of payments on their modified loans will be eligible to earn $5,000 in the next year to reduce their outstanding balance.

WASHINGTON — NAFCU's board is meeting with senior officials of the Federal Reserve Thursday to discuss key credit union issues, as well as to present findings from trade's annual report on the movement.