Americas

Several megabanks dominate the market, but First Choice is seeking to expand there by catering to its ready supply of midsize businesses. It's not the only one.

Marc Schaefer, who has led the credit union since 1995, has announced plans to retire. President Todd Hall will take the helm on Jan. 1, 2020.

The timing of the settlement serves as a warning to other companies of the risks they face in an increasingly data-focused economy.

The New York-based institution will double the number of counties it can serve as part of the effort to grow.

Will the new commitment, which is 5% over what the banks have reinvested recently on their own, assuage advocacy groups' concerns about the merger?

Timothy L. Anderson, who has held C-level positions at a number of other credit unions, including Government Printing office FCU and Treasury Department FCU, has taken over following CEO Kenneth Kramer's departure.

County Bancorp is a small dairy lender in Wisconsin with an exposure to milk prices, and Bank OZK is a larger bank in Arkansas coping with out-of-market real estate trends. Their stories show how market sensitivities can vex specialists.

Bruce Adams, who previously served as general counsel to Connecticut Lt. Gov. Nancy Wyman, will join the Credit Union League of Connecticut next month.

The California Consumer Privacy Act goes into affect next year and other states are likely to follow suit. Credit unions need to evaluate their data management practices.

As budget questions loom over the most popular Small Business Administration loans, lenders have embraced the previously overshadowed 504 program after a key policy tweak.