Americas

CertusBank in Greenville, S.C., has agreed to sell its mortgage and wealth businesses as it tries to move past its history of high expenses and heavy losses.

ALEXANDRIA, Va. — Given the dearth of new CUs in recent years, the National Credit Union Administration on Monday announced it has created a new resource to help groups that are interested in applying for a federal charter.

BBCN Bancorp in Los Angeles has appointed two new board members.

Pilgrim Bancorp. in Mount Pleasant, Texas, has agreed to buy North Central Texas Bancshares in Wichita Falls, Texas.

Ron Hermance, chairman and chief executive of Hudson City Bancorp in Paramus, N.J., has died.

National Bank of Commerce in Birmingham, Ala., has purchased a majority interest in CBI Holding Co.

Nope, it's not more money, at least not directly. The key to hiring a good loan officer, or retaining one, is said to be showing that your mortgage shop can close loans on time, act professionally and protect employees' reputations in the market.

Fitch Ratings has downgraded the U.S. residential mortgage servicer rating of EverBank Financial in Jacksonville, Fla., despite servicing-operations changes that are expected to improve its performance.

MEDLEY, Fla. — With almost no public transportation in its service area, Compass Financial FCU realized it needed to do more than just give its members an auto loan. The CU also needed to help members keep their cars on the road.

BEAVERCREEK, Ohio — Though the refinance boom is over and several mortgage giants are reeling as originations decline, some credit unions are thriving as they tap into a new source — first-time home buyers.