Americas

NEW ORLEANS — CO-OP Financial Services plans to back a multi-faceted marketing program aimed at promoting credit unions to Americans born after 1980, otherwise known as "Generation Y" or "Millennials."

PLANO, Texas — Credit union CEO confidence in the economy has climbed to its highest level in more than six years, according to Catalyst Corporate FCU's Q1 CEO Confidence Survey.

Solera National Bancorp (SLRK) in Lakewood, Colo., said it is willing to negotiate with an activist investor on filling some board seats.

The Federal Reserve Board has terminated a cease-and-desist order against Central Federal (CFBK) in Worthington, Ohio.

NEW ORLEANS — Millennials are open to switching financial institutions, which is great news for credit unions — but only if they are prepared to act quickly.

The Puerto Rican company is looking to shore up its capital levels after the FDIC invalidated about 40% of its Tier 1 capital. Management will have plenty of challenges as it looks to fill the capital hole.

Shore Bank, a subsidiary of Hampton Roads Bankshares (HMPR) in Virginia Beach, Va., is opening its third branch on the Eastern Shore of Maryland.

New York consumers who paid exorbitant interest rates to the online lender Western Sky and the online loan servicer CashCall can begin filing claims to collect refunds.

Second Curve Capital in New York cashed out of two bank holdings in the first quarter.

The NCUA is fully aware of credit unions' concerns about its proposed risk-based capital rule, including discretionary examiner authority to set capital standards and the rule's impact on some shops' business lending.