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John Asbury says his Virginia bank, soon to be renamed Atlantic Union Bank, could eventually stretch from Charlotte, N.C., to Baltimore and take on the big players that dominate those markets.
February 6
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Hometown Financial will merge Abington Bank into Pilgrim Bank. The combined bank will be run by Andrew Raczka, Abington's CEO.
February 6
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The Albany, N.Y.-based credit union has already named a successor for when CEO Paula Stopera retires in May.
February 6
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The company will gain four branches in Athens, Ga., with the $52 million acquisition.
February 6
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The pushback on stores that don’t accept cash seems to be gaining momentum, with Philadelphia the latest municipality to consider a law that would ban cash-free shops.
February 6
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The division of the Indiana Credit Union League, along with CUs and other industry organizations, has made a number of new hires and promotions.
February 5
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A top official at the Office of the Superintendent of Financial Institutions defended tougher underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change.
February 5
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Shareholders in Subchapter S corporations will get some tax relief of their own under a new Treasury Department rule that will let them take a 20% deduction on qualified business income, which includes loan originations and sales.
February 5
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Tim Green is taking over at the California-based credit union following the retirement of longtime CEO Richard Andrews.
February 5
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Superior is the latest credit union to announce an acquisition involving a bank.
February 5
