CORINTH, N.Y. – Village officials have approved a request from Hudson River Community CU to rezone 10 acres it plans to buy from International Paper Co. to enable the credit union to build a new operations center.

STCU Credit Union in Springfield, Mass., said Wednesday that it has hired banking veteran Michael Ostrowski as its president and chief executive.

Centrue Financial Corp. in St. Louis, Mo., said late Tuesday that it is delisting from the Nasdaq Global Market.

The $630.9 million-asset bank said Wednesday that Frank Baier, a partner at Columbia Financial Partners, will become its chief financial officer, pending regulatory approval.

The $294.1 million-asset bank said Wednesday that James Jones, an executive vice president at the private-equity firm Carpenter & Co., is now leading its board.

Visa and MasterCard have developed services for merchants to determine which cards cost more to accept — rekindling the debate over whether small banks will suffer under the Durbin amendment.

In a particularly anemic year so far for bank mergers and acquisitions, the third-largest city in the country has been noticeably absent from the short list.

The dilemma for community bank directors is to choose between minimizing their personal liability and the useful function that board reviews of individual loans can serve.

Michigan First Credit Union said its use of intelligent-deposit ATMs from Wincor Nixdorf AG has helped it deal with a ballooning membership.

A single lawsuit filed by a one attorney helped create a spike in Fair Debt Collection Practices Act (FDCPA) lawsuits filed in the May 16-31 reporting period, according to WebRecon LLC, a Grand Rapids, Mich.- based firm that tracks the data from U.S. District Courts.

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Republic Bancorp Inc. in Louisville, Ky., plans to continue making tax refund loans despite pressure from the Federal Deposit Insurance Corp., the company's chief executive said last week.

The Federal Reserve has reached a written agreement with Northwest Bancorporation of Illinois Inc. in Palatine.

Citizens Republic Bancorp Inc. in Flint, Mich., is planning a reverse stock split that may help it avoid a delisting.

Hampton Roads Bankshares Inc. in Norfolk, Va., is looking to sell 10 branches and its mortgage and insurance businesses.

Loan production offices lost popularity among community bankers during the financial crisis. A need for growth, amid intense competition, could bring them back in force.

DENVER – Public Service CU will offer a dedicated bike-thru lane at its Fort Collins branch June 22 to celebrate Bike to Work Day.

Internal stress-testing is a good practice, but regulatory use of hypothetical results to determine supervisory ratings or required capital levels would be destructive.

The San Diego County Credit Union is licensing new software that allows it to make same-day payments available through the same service as traditional Web bill payment, as well as create a simple link to myriad other automated payments to make user navigation and access easier.

Two San Francisco credit unions have applied to state regulators to acquire the ailing 1st Choice Federal Credit Union and Pacifica-Coastside Credit Union.