Americas

DENVER — Fourth Corner CU, the new Colorado state charter aimed at serving the legal marijuana industry in the state, reportedly will open for business Jan. 1, regardless of whether it has deposit insurance in place at that time.

Commonfund, an investment management firm in Wilton, Conn., has hired Catherine Keating as its chief executive.

OGDEN, Utah — Members at Goldenwest CU here earned a total of more than $1 million in bonus dividends paid out by the credit union for 2014.

SmartFinancial in Pigeon Forge, Tenn., has agreed to merge with Cornerstone Bancshares in Chattanooga, Tenn.

GENEVA, N.Y. — Finger Lakes FCU President/CEO Kathy Crelot is stepping down after 15 years with the $102 million CU.

Iberiabank Corp. in Lafayette, La., will enter the Atlanta market, agreeing to buy Georgia Commerce Bancshares.

NAPERVILLE, Ill. — The Illinois CU League and ICUL Service Corporation (LSC) have announced a new alignment that they believe will help both organizations grow and innovate.

Hampton Roads Bankshares in Virginia Beach, Va., has agreed to pay $200,000 to address an investigation by the Securities and Exchange Commission into the company's accounting practices.

WASHINGTON — Credit unions aren't the only ones bracing for changes to rules related to risk-based capital and risk weights.

Border Bancshares in Greenbush, Minn., has agreed to buy full ownership of First Advantage Bank in Coon Rapids, Minn.