Americas

Triad Business Bank in North Carolina, which opened in March, has made $106 million in Paycheck Protection loans.

New Peoples Bankshares said the layoffs were necessary because of the coronavirus pandemic and "a changing financial services industry."

Lobbying lawmakers via videoconferencing has some advantages, but it's unclear if that format will continue to be used once social distancing requirements are eased.

The Iowa company said Brent Giles, who was CEO of a bank that was recently sold, will run its Wisconsin Bank & Trust.

The merger between the two Corpus Christi, Texas-based institutions is expected to close this summer.

Industry groups also supported Democrat Christy Smith in a special election in California, though it appeared likely she would lose the bid.

Suncoast Credit Union and Apollo Bank have called off their plans to merge.

The Georgia-based credit union hopes to gain more flexibility to widen its field of membership by switching from a federal charter.

C&NW Proviso, which has no website or online services, will gain a slate of new products and additional locations from the deal.

Hofts spent more than three decades serving the credit union movement across multiple states, including as CEO of the Kansas CU League.