Americas

At $3.3 billion in assets, the combined organization would be the second-largest CU in Washington state.

Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner.

The Massachusetts bank has offered wealth management services in the state for several years.

New president Lyndon Matteson is expected to also eventually take on the CEO role once Edward Lopes retires in late 2019.

Dozens of House members and four senators agree with arguments by farmers and lenders that a proposed change to the 7(a) program would disqualify worthy borrowers.

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.