Americas

Plaza Bank (PZBW) in Seattle has raised $4.2 million through a stock offering. The $79 million-asset bank said in a press release Thursday that unnamed individual investors participated in the offering.

Investar Holding (ISTR) in Baton Rouge, La., raised more than $40 million from its initial public offering.

UMB Financial (UMBF) in Kansas City, Mo., will settle a dispute over an asset purchase agreement.

MBT Financial (MBTF) in Monroe, Mich., has been freed from a consent order under which it had been operating for the last four years.

MADISON, Wis. — Credit union lending continues to improve, with loan portfolios rising by 1.2% in May, the biggest monthly increase in nine years, according to CUNA's monthly sample of CUs.

Sun Bancorp (SNBC) in Mount Laurel, N.J., will eliminate nearly 40% of its work force as part of a major cost-cutting effort.

ALEXANDRIA, Va. — NCUA has terminated its Letter of Understanding and Agreement with Valley Pride FCU of Plains, Pa.

LAS VEGAS — Offering members credit monitoring after a data breach is akin to a smoke alarm defense to fraud — the fire has already started.

LAS VEGAS — Credit Union Journal asked CU lending executives to talk about the "new normal" in auto lending, offering insight into the differences to be found in the market today compared to just a few years ago.

LAS VEGAS — The key to successful credit union auto lending programs is to "be there when the members are."