Americas

Farmers Capital Bank in Frankfort, Ky., said a change in the rules governing allotments by active-duty service members will shave more than $800,000 off its bottom line next year.

Northwest Bancshares in Warren, Pa., has agreed to buy LNB Bancorp in Lorain, Ohio.

The $16.3 billion-asset UMB will pay $182.5 million in stock for the Marquette, which is owned by the Pohlad family. The acquisition, which values Marquette at 160% of its tangible book value, is expected to close in mid-2015.

NEW BRUNSWICK, N.J. — Internet Archive Federal Credit Union (IAFCU), a $2.8-million CU aimed at serving the burgeoning Mexican immigrant community here, is helping immigrants get their Individual Tax Identification Numbers (ITIN), their "passport" to legally working in the U.S.

City National Bank in Los Angeles is launching a new online magazine with a goal of driving more traffic to its website.

Albany, N.Y. — What has for years been known as the Credit Union Association of New York officially became known as the New York Credit Union Association as of today.

WICHITA — Consolidation among state credit union leagues isn't slowing down, as leagues in Kansas and Missouri are exploring the possibility of a merger.

PEORIA, Ill. — Citizens Equity First Credit Union (CEFCU) said it will distribute a record $40 million extraordinary dividend to the credit union's members.

Bridge Bancorp in Bridgehampton, N.Y., has agreed to buy Community National Bank in Melville, N.Y.

The $5.9 billion-asset company said in a press release Friday that it has offered the subordinated notes in a private placement to unnamed institutional investors.