COLUMBUS, Ohio – Powerco CU has purchased a 13,241-square-foot, office building for $2 million.

MIAMI – American Airlines FCU continued its expansion at the nation’s airports with the opening of its newest Miami International Airport Cargo branch.

WASHINGTON — A powerful credit-union trade group on Tuesday laid out its conditions for supporting the proposed Consumer Financial Protection Agency.

CapitalSource Inc., in Chevy Chase, Md., is moving forward with plans to sell $71.8 million of common stock and $300 million of senior secured notes.

To understand just how hard it is to start a bank these days, consider Coastal Bank and Trust. Organizers raised the $11 million of capital they needed, but just made the deadline in the prospectus with minutes to spare.

Century Bancorp Inc.'s second-quarter earnings rose 7%, as a lower tax rate and higher net interest income helped offset an increase in loan trouble and a larger assessment for deposit insurance.

DOWNEY, Calif. – City Of Downey FCU has agreed to share its Downey branch with Southern California Postal CU.

Westamerica Bancorp. of San Rafael, Calif., reported a 90% surge in second-quarter earnings Tuesday as a recent acquisition and lower short-term interest rates more than offset increased credit costs.

On the heels of reporting a second-quarter loss due to rising credit problems, CoBiz Financial Inc. in Denver is raising $45 million of capital with an eye toward possible acquisitions.

Blank-check companies have had a hard time buying banks in the past, but a pair of deals announced Tuesday could signal more to come.

Observers say lower prices for banks and adesperation for capital have given these investors more incentive toget involved in the industry now.

The flailing Guaranty Financial Group Inc. of Austin has a new chief executive officer and chief financial officer.

Territorial Bancorp Inc. of Honolulu is off to a flying start.

Looking busy may be the best hope for Temecula Valley Bancorp Inc.

Presented with a difficult choice between two risks — angering depositors or effectively extending a loan to crisis-stricken California — banks have varied widely in their willingness to accept IOUs the state has issued to their customers.

Capitol Bancorp Ltd. plans to divest itself of the Bank of Santa Barbara to an investor group led by California banker Eloy Ortega in an effort to strengthen Capitol's equity and core capital ratios.

SAN ANTONIO — Credit union branch managers across the country know what it is like to sit down with members who have lost jobs and are in fear of losing their cars and homes.

Credit Union Journal helps you get the word from the street by going straight to CU branch managers to talk about the job, the mood of members and what it takes to manage a successful branch.

SILVER SPRING, Md. — Effective branch managers lead by example, both in their personal and professional lives.