Americas

Members of Southwest Colorado Federal Credit Union in Durango have approved a deal that will see the $55 million-asset shop merge into Credit Union of Colorado.

The upstate New York company will gain branches in Rochester as part of its $35 million purchase of FSB Bancorp.

Lower interest rates are allowing banks to use the cheaper capital to repay higher-cost debt and prepare for future expansion.

The company will pay about $58 million in cash for Melrose Bancorp.

Five years after rebranding as a growth strategy, small Turbine FCU has been approved to merge into Durham, N.C.-based Self-Help Credit Union.

The FDIC was reluctant to sign off on the merger of Summit Bancshares and Faciam Holdings because the company planned to serve marijuana-related businesses.

The Tennessee company said Rob Garcia will be in charge of building a commercial banking team in the city.

The company will pay $94 million for a bank with operations in New Jersey's Somerset and Morris counties.

Tucoemas Federal Credit Union faced claims of age and sex discrimination in its hiring processes.

The company created by the BB&T-SunTrust merger said that Truliant Federal Credit Union does not own the trademark rights to names beginning with the prefix "tru."