Americas

An increase in credit union acquisitions of banks has been a blow to the morale of many commercial bankers, and some of their trade organizations are trying to slow down the trend. There may be little they can do.

Jay Gostonczik will head the Minnesota-based institution when Richard Nesvold retires during the first quarter of 2020.

First Community Bankshares will buy Highlands Bankshares for $91 million.

The company says its exposure involves a participation loan to a business customer for which it was the originator.

Academy Bank in Kansas City, Mo., which shuttered nearly a quarter of its branches between 2015 and 2018, is now in expansion mode. Its CEO explains his renewed affinity for brick and mortar.

The California Senate passed a bill that could force Uber and other gig economy giants to reclassify their workers as employees.

The Texas-based institution will work alongside CU Financial Group to provide insurance solutions for members

Many Americans are behind in their retirement planning but less than 20% of credit unions provide wealth-management services.

The unnamed borrower was the victim of an alleged scam by another company.

The Cincinnati bank applied in May to convert its Ohio state charter amid an expansion into Texas and Colorado and the completion of its merger with MB Financial.