Americas

The Federal Reserve Boardhashit Fulton Financial in Lancaster, Pa., and its subsidiary Lafayette Ambassador Bank in Bethlehem, with a cease-and-desist order.

Poage Bankshares in Ashland, Ky., has agreed to acquire Commonwealth Bank in Mount Sterling, Ky.

WASHINGTON — NCUA Board Member Rick Metsger said Wednesday he favors doubling the implementation period, which would create a de-facto second comment period on the agency's controversial risk-based capital rule.

ALEXANDRIA, Va. — Federally insured credit unions saw an increased median rate of loan growth in the year ending June 30, according to analysis of state-level data released Tuesday by NCUA.

WASHINGTON, D.C. — The Credit Union National Association announced Tuesday it has picked Jim Nussle, a former eight-term congressman and director of the White House Office of Management and Budget, as the trade group's new president and CEO.

Fifth Third Bancorp in Cincinnati, Ohio, has named Michelle Van Dyke as president of its mortgage division.

MoneyGram has acquired the assets of Nexxo Financial, a money transfer and prepaid technology provider in Burlingame, Calif.

East West Bancorp in Los Angeles has been hit with a nearly $39 million in damages tied to a lawsuit from a borrower.

Customers Bancorp in Wyomissing, Pa., has hired Dawn Melesko to serve as director of social media for BankMobile, the mobile and tablet banking platform it plans to launch in late summer 2014.

SB Financial in Defiance, Ohio, has redeemed $10.3 million in trust-preferred securities, in an effort to lower its interest-related expenses.