Americas

The Senate Banking Committee approved Julian Castro, the mayor of San Antonio, on Wednesday to head the Department of Housing and Urban Development.

TRAVERSE CITY, Mich. — Members Credit Union here and Bay Winds FCU plan to merge.

U.S. Bancorp (USB) in Minneapolis has hired a president and chief executive for its asset management subsidiary.

Opus Bank (OPB) in Irvine, Calif., is turning its health care banking into a national operation.

City National Bank in Los Angeles has agreed to sell its retirement services business to OneAmerica, an insurance and asset management firm.

BALTIMORE — Bert Hash Jr., longtime president and CEO of MECU of Baltimore Inc., retired after 17 years at the helm of the now $1.2 billion credit union.

First Citizens BancShares (FCNCA) in Raleigh, N.C., has decided on the management team that will run the company after it buys First Citizens Bancorp. in Columbia, S.C.

Spencer Savings Bank in Elmwood Park, N.J., has agreed to buy the banking operations of New Jersey Manufacturers Insurance.

State Bank Financial is in no rush to extract costs from Georgia-Carolina Bancshares, preferring instead to take its time in an effort to retain the best employees and clients.

People's United Bank in Bridgeport, Conn., expects to raise $400 million through an offering of subordinated debt.