Americas

BB&T has agreed to buy the Bank of Kentucky for $363 million in cash and stock. The acquisition would allow the $188 billion-asset BB&T to expand in the northern Kentucky and Cincinnati region, where the $1.9 billion-asset Bank of Kentucky operates 32 branches.

The Iowa Credit Union Division has placed Louden Depot Community Credit Union in Fairfield, Iowa, into receivership.

National Penn Bancshares in Allentown, Pa., plans to raise $100 million through a debt offering.

The $2.5 billion-asset QCR said in a press release Friday that the new company will include the mortgage staff from its Quad City Bank & Trust.

Banc of California has announced extensive community reinvestment goals as part of its planned purchase of 20 Banco Popular branches in Southern California. The agreement, which appeased a community group that had opposed the sale, shows how much power such organizations wield when it comes to M&A.

Ted Strauss, a Dallas entrepreneur who helped establish two of the city's most-prominent banks, died Friday morning.

Today's hackers are "extremely sophisticated" and banks need to work hard to keep pace with their methods of attack, warns James Sills, who recently left his job as chief information officer for the state of Delaware to become CEO of a small bank in North Carolina.

First Mountain Bank in Big Bear Lake, Calif., is looking to replace a pair of bankers who collectively have more than 80 years of industry experience.

AUGUSTA, Maine — U.S. Rep. Mike Michaud hopes that a change of address — namely, a move from Washington, D.C., to the Maine governor's mansion — won't lessen his impact on credit unions.

African American CU Coalition Exec Lillian Priest Passes; Redwood CU Offers 'Earthquake Relief Loan'; White Paper Explores Network Monitoring, Management.