Continuing with its ambitious expansion, Navy Federal Credit Union in Merrifield, Va., has opened its first branch in Virginia's capital city.
The Richmond branch, which was opened Monday, is the 27th the $33 billion-asset credit union has opened this year.
Navy Federal, the world's largest credit union, said that 12,000 of its members live within 20 miles of Richmond and 530,000 members live in the state of Virginia. The credit union plans to double its 120-branch network by the year 2014.
President Donald Trump's proposed budget would nix funding for Community Development Financial Institutions in minority heavy areas while expanding it for rural areas.
The two companies are collaborating to bring enterprise AI to Box users.
The administration is pitching a $26.7 billion reduction to the regulator's funding for rental assistance, public housing and elderly and disability housing.
Acquiring Country Club Bank would give Omaha-based FNBO 30 branches and nearly $3 billion of deposits in one of the Midwest's biggest markets.
Vectra Bank Colorado President Bruce Alexander is retiring after 25 years with the bank; Unilever Federal Credit Union in New Jersey was shut down by NCUA; Vista Bank hired Bob Mahalik in preparation for Texas bank M&A; and more in this week's banking news roundup.
Truist, Texas Capital and Citizens Financial are among the banks that will be forced to address shareholder dissatisfaction over executive pay.
