Americas

Once the merger between Infinity FCU and Vibrant CU is completed, the combined institution will have 17 branches across five states.

The year's second-biggest bank merger created a Midwestern regional with nearly $50 billion in assets, and its CEO and executive vice chairman don't intend to stop there.

Bankers are downplaying such concerns, but others say a sharp decline in values on rent-regulated buildings means landlords will have less cash flow to acquire new properties.

Sean Daly, the Middletown, R.I.-based institution's CFO, will take over as president and CEO when Ellen Ford steps down in November.

The Arkansas company will pay $434 million for Landrum Co., which also has branches in Oklahoma and Texas.

The Boulder, Colo.-based institution will now serve a dozen counties in its home state.

The Delaware company, best known for issuing prepaid cards, has ramped up commercial real estate securitizations. The shift promises to deliver big fees, but it could also cause headaches if defaults spike.

Long overshadowed by food delivery startups such as Uber Eats and on-demand delivery service players such as Postmates, delivering fuel to a consumer’s vehicle is a convenience service that is growing in the U.S. and other markets.

Lisa Perrin will take over at the Massachusetts-based institution when President and CEO Karen Duffy retires.

The Las Vegas-based institution said its income for the first half of the year was down as it put more into its loan-loss provision.