Americas

Two of the credit union movement's biggest names are teaming up to help CUs better tackle big data.

The payments technology that powers international trade is crucially important because it helps streamline the processes and trim the costs of conducting business overseas, according to Darren Hutchinson, head of commercial in the Americas for WorldFirst.

The company will pay $142 million for Carolina Alliance Bank three months after buying NewDominion in Charlotte, N.C.

Credit unions across the mid-Atlantic are bracing for Hurricane Florence, with many closing their doors and not expecting to reopen until next week.

Regulators have approved the merger of Vibe and Okland County Credit Unions, which is expected to take effect early next year.

Maria Tedesco's duties will include oversight of commercial, business and consumer banking at Union Bank & Trust.

Kanas, who returned to the banking industry as part of the recapitalization of the failed BankUnited, will relinquish the company's chairmanship at the end of this year.

Varo Money just received conditional approval from the OCC. Now it has to raise capital, create a CRA plan and get a go-ahead from the FDIC.

A former employee in the VyStar Credit Union mail room has been charged in a case involving mail fraud and millions of dollars in stolen stamps.

The Tennessee regional said the sale should boost quarterly profit by $160 million.