Americas

Indiana Members Credit Union will pay cash for Commerce Bank.

Kendall Garrison will lead the Austin, Texas-based institution after its current CEO, Paul Trylko, retires at the end of this year.

The Iowa company will pay QCR Holdings about $59 million for Rockland Bank and Trust.

Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.

A new employee each year will be selected to represent the Eau Claire, Wis.-based credit union at industry events.

The Michigan company will pay $68 million to expand in a high-priority market.

Tussles over risk-based capital have preoccupied the agency of late, but Rodney Hood says he also wants to foster growth of minority-owned institutions and make sure credit unions are taking the hacker threat seriously.

Andigo CU said it would merge into Consumers CU, creating the fifth-largest credit union in Illinois.

The companies said the merger will provide scale and help them update technology more efficiently.

The Los Alamos, N.M.-based institution said that Dwayne Herrera would take over as CEO after its previous leader took another job.