Americas

Chris Myklebust will become commissioner of the Colorado Division of Banking. In his previous job, he approved a charter for a CU to serve the state's legal marijuana industry.

Colorado has named a new state banking commissioner, after an interim commissioner has held the job for almost 18 months.

New data from the League of Southeastern Credit Unions found that CUs in Florida and Alabama added more than 100,000 new members during the first three months of 2015 as well as some other impressive gains.

MidWestOne Financial Group in Iowa City, Iowa has raised $8.4 million in a private placement of its common stock.

First Mariner Bank in Baltimore has been released from a six-year-old enforcement action, after the bank filed for bankruptcy last year and was acquired by a group of Baltimore investors.

If approved, Core Commercial Bank would be just the third new bank to open in the U.S. since the financial crisis.

A Los Angeles-based community group has dropped its objection to the proposed sale of City National Bank to Royal Bank of Canada and now says the deal should be expedited.

Farmers National Banc in Canfield, Ohio, has agreed to buy Tri-State First Banc in East Liverpool, Ohio.

CUNA Mutual Group has launched its new mortgage payment protection product for credit unions and their members.

Access National's four-year-old wealth management subsidiary has grown rapidly and is poised to enter the black. The allure of fee revenues has drawn many community banks into this field amid weak loan growth and tight interest margins.