Americas

BBCN Bancorp in Los Angeles has signed a memorandum of understanding with the city of Seoul aimed at expanding the bank's business in South Korea.

The Circuit Court for Baltimore City has dismissed a class-action lawsuit brought against FedFirst Financial in Monessen, Pa., related to its agreement to sell.

Palisades Federal Credit Union in Pearl River, N.Y., has appointed Juan "Tony" Molina as the$163 million credit union's new president and chief executive.

Federal Savings Bank in Chicago has teamed up with West Suburban Bank in Lombard, Ill., to offer mortgage products across West Suburban's 37-branch network.

WASHINGTON — The Consumer Financial Protection Bureau recently appointed eight new members to its Credit Union Advisory Council.

Rebeca Romero Rainey, the CEO of Centinel Bank of Taos, will use part of her speech at a Federal Reserve conference on small banks this week to discuss the need for regulatory relief and her belief that community bankers have a duty to persevere under difficult circumstances.

Susquehanna Bancshares in Lititz, Pa., has hired a president and chief executive for its bank.

Broadway Financial in Los Angeles plans to raise nearly $10 million through a private placement.

WASHINGTON — New NCUA Board Member Mark McWatters believes a second comment period is needed on the regulator's proposed risk-based capital rule and will not vote for any RBC proposal that does not include one.

Mitch Feiger, CEO of MB Financial, along with Mark Hoppe, former Taylor CEO, reflect on the merger, the regulatory environment and keeping key people happy in the highly competitive Chicago market.