Americas

Community One CU and Canton Police & Firemen's -- both located in Canton, Ohio -- will merge at the end of June.

The Indiana company will pay $92 million for Wolverine Bancorp

The trade association has teamed up with Retail Benefits to create "CU Perks," a shopping rewards program for CU members in the Pelican State.

Jonathan Oliver succeeds Stephen Stapp, who left SF FCU in 2016 to take the helm at Unitus Community CU in Portland, Ore.

The company will pay about $219 million for Diboll State Bancshares.

Due in part to the U.S.'s lackluster adoption of contactless cards, mobile wallets had a slow and difficult time gaining hold among consumers and merchants that were unfamiliar with the tap-and-pay process or didn't have the right technology. The opposite problem plagues Canada, where contactless cards are so widely used that mobile adds little value.

The city has spent more than a decade working with nonprofits and banks to encourage people to open deposit accounts. Outreach and special products have lowered the unbanked rate in San Francisco to 2.1% in 2015 from 5.9% in 2011.

The company agreed to pay $162 million to buy First South Bancorp in Washington, N.C. It is the fifth time this year that a bank in North Carolina has agreed to be sold to a buyer from another state.

Privately insured credit unions will officially have equal access to the Federal Home Loan Bank system under new final rule.

At the Michigan Credit Union League’s annual conference, PayPal CEO Dan Schulman offered an overview of cyberthreats while praising the movement – an industry he considers a partner, rather than a competitor.