Americas

First Farmers Financial in Converse, Ind., has agreed to buy three community banks in Illinois.

Xenith Bankshares in Richmond, Va., has brought in nearly $18 million in funding through a private placement and a new loan.

CNB in Centreville, Md., has named Edward Allen president and chief executive, following the resignation of its current CEO, F. Winfield Trice.

Doral Financial in San Juan, Puerto Rico, has sold more loans in a move that will deplete capital but bolster the company's liquidity.

MADISON, Wis. — CUNA Mutual Group said it has reached an agreement to sell Producer's Ag Insurance Group — its crop insurance business better known as ProAg — to HCC Insurance Holdings, Inc.

Whether it was driven by procedure, policy or politics, NCUA's decision to reissue its controversial risk-based capital rule for comment met with much approbation by credit union executives and stakeholders, even as the industry is still holding its breath to see what the revised proposal looks like.

The Seminole Tribe of Florida has agreed to buy Mackinac Savings Bank in Boynton Beach, Fla.

Members of the Santa Cruz County Employees CU in Santa Cruz, Calif., have approved a plan to merge with Bay FCU in Capitola, Calif.

ALEXANDRIA, Va. — NCUA liquidated Republic Hose FCU in Youngstown, Ohio, Tuesday, the eighth credit union failure of the year.

PNC Financial Services in Pittsburgh has agreed to buy Solebury Capital Group.