Americas

WASHINGTON — Now that the risk-based capital rule comment period is over, and a record number of letters reached NCUA, the credit union community's two main trade groups say the agency faces the tough task of reviewing and responding to the collective points.

BURBANK, Calif. — If Partners Federal Credit Union had a theme song, it would be "Be Our Guest," from the Disney hit musical "Beauty and the Beast."

Eastern Virginia Bankshares (EVBS) said Thursday that it has agreed to acquire Virginia Company Bank (VGNA) for $9.2 million in stock and cash.

The city of Providence, R.I., has sued Santander Bank, alleging that bank violated the Fair Housing Act by refusing to make prime mortgage loans available in minority communities.

DETROIT — The National Federation of Community Development Credit Unions' annual conference here earlier this month had two things that aren't often found at credit union confabs: slot machines and a positive attitude toward big banks.

Fifth Third Bancorp (FITB) of Cincinnati expects to report an $81 million gain in the second quarter after selling shares of payment process firm Vantiv (VNTV).

Cleveland's Third Federal Savings and Loan is adding three states to its growing national home lending presence.

The National Credit Union Administration has approved the sale of Flint River National Bank in Camilla, Ga., to Five Star Credit Union in Dothan, Ala.

SCHAUMBURG, Ill. — John Fiore, who has been with $885 million Motorola Employees Credit Union for 45 years — including the last 29 as its president and CEO — on Wednesday announced he will retire on Aug. 29.

TAMPA, Fla. — Florida Central Credit Union plans to purchase a branch of First Federal Bank of Florida.