Americas

WASHINGTON — Jim Nussle learned about credit unions the hard way, and it's a story the new president and CEO of CUNA tells regularly about the importance of CU advocacy.

Veritex Holdings in Dallas could sell up to $40.4 million of its common stock as part of its initial public offering.

NewBridge Bancorp in Greensboro, N.C., has agreed to buy Premier Commercial Bank in Greensboro.

Heritage Commerce in San Jose, Calif., has agreed to buy the parent company of factoring firm Bay View Funding in Santa Clara, Calif.

Prosperity thought it had its bases covered, adding a clause in an employment agreement with lenders at an acquired bank in Oklahoma establishing Texas law as the jurisdiction for the contract. A judge disagreed in a decision that should get the attention of banks eyeing out-of-state deals.

There's a growing push to revisit how banks are determined to be "systemically important" under the Dodd-Frank Act, but questions about how to resolve the problem still loom large.

Heritage Financial Group in Albany, Ga., has agreed to buy a branch in a northeast Atlanta suburb from PrivateBancorp.

Astoria Financial in Lake Success, N.Y., has hired former KeyCorp executive Hugh Donlon to be its chief lending officer.

The trade group said late Tuesday that Peter Gwaltney will succeed Thad Woodard on Jan. 2. Woodard is retiring after spending 37 years in various capacities at the association.

The banking associations in Virginia and West Virginia have, for now, called off discussion about creating a single trade group.