Americas

CORVALLIS, Ore. — The $885 million OSU Federal Credit Union here is making what it terms a "strategic move," switching from a federal to a state charter effective Jan. 1.

Valley National in Wayne, N.J., will use proceeds from a branch sale in New York City to offset costs tied to prepaying debt.

MainStreet Bank in Fairfax, Va., has raised nearly $13 million by issuing common stock.

Credit Karma has begun offering on-demand access to credit reports from Equifax.

Experian will now offer FICO credit scores through its direct-to-consumer products, the Costa Mesa, Calif.-based credit bureau announced today.

LCNB Corp. in Lebanon, Ohio, has agreed to buy BNB Bancorp in Brookville, Ohio.

Jack Kopnisky of Sterling Bancorp in New York, which completed a major acquisition last year and has another in the works, is close to reaching his goal of creating a top earner. That effort, and the risks associated with it, make Kopnisky one of American Banker’s five community bankers to watch in 2015.

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.