Americas

Investors who backed Broadway Financial's 2013 recapitalization are cashing out.

SYRACUSE, N.Y. — Empower FCU here has awarded a $2.5 million "giveback" to members in bonus dividends and interest rates in celebration of another successful year.

A judge has named Deerwood Bank winner of the bankruptcy auction for American Bank of St. Paul, in the first test of involuntary bankruptcy as a means of resolving trust-preferred debt.

Andrew Samuel left Susquehanna Bancshares, where he was in line to become CEO, to run the tiny Sunshine Bancorp in Florida. While Susquehanna recently agreed to sell itself to BB&T, Samuel has been working furiously to hire and expand at his new employer.

Westbury Bancorp in West Bend, Wis., named a new president for the company and its bank subsidiary.

The subsidiary of Chemung Financial in Elmira, N.Y., has sold its equity securities portfolio.

Dan Rollins' ability to have a BSA-related consent order removed and get two acquisitions back on track could embolden more big community banks to pursue deals next year.

A federal bankruptcy court has approved the sale of PNA Bank in Chicago.

Fairmount Bancorp in Baltimore seems poised to face a proxy battle next year from activist investor Joseph Stilwell.

ALEXANDRIA, Va. — NCUA announced Tuesday it has approved a charter to Lutheran Federal Credit Union, making it the third new federally chartered CU of this year.