Americas

Pinnacle Financial Partners in Nashville, Tenn., has agreed to buy Magna Bank in Memphis, Tenn.

MADISON, Wis. — Filene Research Institute says it is seeking the "best and brightest minds" to participate in the latest incarnation of its i3innovation program.

MADISON, Wis. — In the wake of the devastating 7.9-magnitude earthquake that struck the poor Himalayan nation of Nepal over the weekend, the World Council of Credit Unions (WOCCU) is gearing up a fundraising campaign to aid credit unions in the region.

Flagstar Bancorp in Troy, Mich., beat expectations as it reported stronger mortgage volume in the first quarter. The company reported net income of $31.5 million in the first quarter versus a profit of $11.1 million in the previous quarter and a loss of $78.4 million a year ago.

AUSTIN, Texas — Jwaala, a provider of mobile and online banking solutions to U.S. financial institutions, Tuesday said it has signed its 100th client in the credit union space — Palisades Federal Credit Union, Pearl River, N.Y.

DULUTH, Ga. — Tiny $21 million Etowah Valley Federal Credit Union, headquartered in Cartersville, Ga., Tuesday said it intends to do a "strategic merger" into $1 billion Georgia United Credit Union, here.

First Community Bancshares, of Bluefield, Va., increased its profits slightly as legal costs and losses and expenses from selling foreclosed real estate declined.

DENVER — CU veteran Todd Marksberry is set to replace Dave Maus as CEO of Public Service CU here, when Maus retires later this year after 36 years at the $1.5 billion CU.

BALTIMORE — Three branches of the Municipal Employees Credit Union of Baltimore (MECU) closed Tuesday in the wake of rioting following the funeral of young black man who died mysteriously while in police custody.

Merchants Bancshares in South Burlington, Vt., has agreed to buy NUVO Bank & Trust in Springfield, Mass.