Americas

SWNB Bancorp was unable to secure enough votes to back its proposed sale to Hanmi Financial.

Everything's in place for mobile payments to supplant plastic cards in the U.S. — except for a compelling reason for the transition.

The company said that Michael Segner had also succeeded Stephen Mourlam as its president.

Richard Murray IV was named chairman, succeeding John Holcomb III. Murray replaced Holcomb as CEO last year.

The Society for Worldwide Interbank Financial Telecommunication, or Swift, has named David Scola, a former Barclays exec, its new head of North America operations.

Both of the credit unions being absorbed posted losses for 2017 and the first half of 2018.

The $2.7 billion-asset credit union is mobilizing support for relief efforts following floods in the southern central portions of the Badger State.

Canada’s credit unions have been losing out to the country’s banks in terms of business banking market share, and have struggled to keep up with the banks’ capacity for technological innovation. Central 1 wants to redress this imbalance in the credit unions’ ability to compete with the banks.

Jeanne Walker will leave Houston-based Southern Federal Credit Union later this year, with Credit Union Resources leading the search for a successor at the $93 million-asset institution.

Bank7, which aims to raise $75 million, also has extensive dealings in the hospitality industry. The company has completed two acquisitions since 2011.