Americas

Credit unions ruled in a new ranking of the top mobile banking apps.

Monterey Credit Union could be the first credit union to convert since mid-2013. Management hopes the move will allow it to make more small-business loans, while providing greater access to capital.

Porter Bancorp in Louisville, Ky., is rearranging some of its capital with an eye toward improving common equity and perhaps making its pursuit of additional funds easier.

New York banking regulator Benjamin Lawsky provided details Wednesday about his plan to require the state's financial institutions to strengthen their cyberdefense systems.

Anchor Bancorp in St. Paul, Minn., has agreed to buy VFSC in Eden Prairie, Minn.

BALTIMORE — A new biometric automated teller machine will soon allow members of Securityplus Federal Credit Union to conduct transactions via a kiosk equipped with facial recognition biometric software.

SACRAMENTO, Calif. — Members of Golden 1 CU will be getting an early holiday gift from their credit union, as the CU's $18 million "Member Giveback Distributions" hit savings accounts Wednesday.

AUBURN HILLS Mich. — Genisys CU and Tri-Pointe Community CU announced Wednesday they intend to merge and then operate under the Genisys name.

ALEXANDRIA, Va. — Median loan growth rates were up by 3.5% for the year ending in the third quarter of 2014, according to new state-by-state analysis from NCUA.

WASHINGTON — The Federal Reserve Board released a proposal Tuesday laying out how it would institute capital surcharges on the country's biggest banks, saying it plans to be tougher than an international agreement on the issue.