Americas

MIAMI — Many credit unions looking for more ways to boost the bottom line in this low-interest-rate environment are running out of options.

John Blizzard, who has more than 23 years of banking and financial services experience, most recently served as president and chief executive of Northwest Bank in Boise, Idaho. He succeeded Patrick Patrick, who has been the $216 million-asset Seattle Bank's CEO for four years.

Jacksonville Bancorp (JAXB) in Florida is eliminating 16% of its work force to cut costs.

Bankwell Financial Group (BWFG) of New Canaan, Conn., raised nearly $49 million through its initial public offering.

Summers — a World War II veteran, businessman and civic leader in southeast Texas — was a director of the bank since 1951, including more than two decades as chairman. He died Tuesday at 95.

Pulaski Financial (PULB) in St. Louis is looking to convert to a national bank from a federal savings bank.

Glass-Lewis wants Solera's investors to reject a slate from the Colorado company’s biggest shareholder. ISS is urging people to withhold support for eight of Solera’s 11 nominees – though the proxy firm is unwilling to endorse any alternates.

WASHINGTON — The Senate Banking Committee passed major legislation to overhaul the housing finance system on Thursday, but observers say a quiet death likely awaits it due to a lack of greater support from key lawmakers.

Doral Financial (DRL) is evaluating its legal options after Puerto Rico rejected the company's request for a $230 million refund of overpaid taxes.

A founding director at Touchmark Bancshares in Georgia claims he was ousted after questioning the bank's strategy. Now he is lobbying for the company's sale.