Americas

Mike Walsh, former CEO of Jefferson County Bancshares, has become a director at St. Louis Bank.

Through a new partnership with the Military Spouse Advocacy Network, the trade group will help provide training, videos and classes to the spouses of service members.

Many credit unions have resumed normal operations, but some institutions locations in nearby Eagle River, closer to the epicenter, need more recovery time.

The Anchorage-based institution said its decision to enter the pot banking space was driven partly by public-safety concerns in a cash-based industry.

Simone Lagomarsino, former CEO of Heritage Oak Bank, will succeed John Biggs next month.

Attorney General Barbara Underwood’s office is looking into whether merchant cash-advance companies engaged in fraud or abused the state court system.

Citizens Community Bancorp is selling its Rochester Hills, Mich., office to Lake Michigan Credit Union.

The credit union also reported increases in loans and membership.

The Mt. Pleasant, Wis.-based credit union has returned more than $7 million to members in the last three years.

Last week the car manufacturer said it would cut jobs and close factories. Now credit unions in the affected areas are considering how the news will affect their members and themselves.