Americas

Surety's first online bank, booyah, is aimed at college students and young grads.

The Columbus, Ohio-based institution will promote Jarod Bach to president once Christine Leslie steps down.

The Lowell, Mass.-based institution can now serve Norfolk and Suffolk counties, along with more than 150 cities across Massachusetts and New Hampshire.

The company could raise as much as $158 million by selling shares to the public.

The Montana company will pay $135 million for a bank with 10 branches in seven Arizona markets.

A second activist investor is pushing the company's board to find a buyer.

With the pace of credit unions gaining CDFI certification already slowing, a change to how the Treasury Department reviews applications could have an impact on institutions receiving grants.

The transition to Stein from Hadley Robbins is the result of a multiyear succession process, the Tacoma, Wash., company said. Robbins had succeeded the late Melanie Dressel.

CUs in the Great Lakes State continue to see positive growth, but several key metrics are increasing at a slower pace.

Gulf Capital Bank has received conditional approval from state and federal officials and could be up and running late this year or early next year, its organizers say.