Americas

BIRMINGHAM, Ala. — The biggest trend in credit union strategic planning over recent years has been considering it more as a process than an event.

Bank of the Ozarks in Little Rock, Ark., has agreed to buy Intervest Bancshares in New York for $228.5 million in stock.

LAS VEGAS — With less than a year before implementation, the clock is ticking for financial institutions that need to overhaul mortgage disclosures.

ALEXANDRIA, Va. — Robert Scott has dedicated much of his life to helping credit union members, serving on Pentagon FCU's board of directors for the last 28 years.

LAS VEGAS — NCUA's Office of Small Credit Union Initiatives has undertaken an "impact study" to determine how effective it has been in working with small CUs.

NEW YORK — It's a new day at Credit Union Journal, and along with that comes a vastly expanded and improved "Day in the Life of Credit Unions."

WESTERN, Wis. — WESTconsin Credit Union on Thursday named Lora Benrud as the new CEO of the $907 million CU.

The troubled Greenville, S.C., bank lost $15 million in the second quarter, its first quarterly results since a new management team replaced the three founders who were fired in April. Moreover, local NAACP leaders have raised concerns about the firings, which they say sent a toxic message to the local African-American community.

Sun Bancorp in Mount Laurel, N.J., reported a second-quarter loss due to one-time charges related to its ongoing restructuring efforts.

If finalized and then approved by regulators, the combination of the Des Moines and Seattle Home Loan banks would be the first voluntary merger in the system’s history.