Americas

President and CEO Bob Corwin plans to retire by this summer, having led the Clackamas, Ore.-based credit union for seven years.

The company, which sold the business to a group of former employees, will shut down its operation this quarter.

The company will acquire the parent company of First National Bank of Manchester and Bank of Waynesboro for $85 million.

The company, which just hired CEO Jay Sidhu's son to groom as its next chief, had been holding itself back to avoid caps on interchange fees.

The company will pay $64 million to significantly increase its scale in the Tampa Bay area.

The city would join San Francisco and Philadelphia among cities that prohibit stores and restaurants from only accepting electronic payments.

A former credit union CEO explains why it chose to become a bank, subject to taxes, and says Congress needs to intervene in discussions on an NCUA proposal to loosen capital standards.

The company will pay $211 million for a bank with 22 branches and $1.2 billion in assets.

Terry Turner at Pinnacle Financial says big banks in the city, including Truist Financial and Wells Fargo, are "vulnerable" to new competitors.

The company acquired ResX Warehouse Lending from People's United Financial.