Americas

The high multiple Fifth Third is paying for MB Financial raises questions about whether it can cut enough costs, realize enough growth and win over skeptical investors.

Lawmakers can finally deliver long-promised regulatory relief if the House passes S. 2155 this week – the added benefit being that it will improve the lending process for credit unions and consumers alike.

The Nashville company significantly reduced the 2018 earnings projection for its mortgage business.

On the first day of the 2018 CUNA CFO Council conference, futurist Mike Walsh gave credit unions a hint of the world to come from both a consumer and business point of view.

Citizens Bancshares has agreed to buy Regional Bankshares for $11 million.

The company has also hit its goal of having half of total loans tied to customers around Atlanta.

The company said the move would help it become more efficient at a time when clients are making greater use of digital channels.

CEO James Schenck told attendees at the credit union's 2018 annual meeting that last year saw record growth, including a 10% increase in membership and more.

The nearly $5 billion deal to acquire MB Financial would provide the Cincinnati company with immediate scale in the Windy City.

The CEO of Iowa's largest credit union suspects a rider attached to a budget bill before the state's legislature was inserted to "placate bankers" after the recent failure of a move to tax CUs there.