Americas

Taylor Capital (TAYC) in Chicago has been notified by the Federal Reserve Board that its bank is facing an enforcement action for employing deceptive trade practices.

Kennebec Savings Bank has a 19th century charter, but it is poised for a complex conversion to deal with modern challenges like activists investors, M&A pressures and even Basel III.

Attendees at this year's D.A. Davidson Conference believe the approval process is calming down somewhat. Other bankers say they are looking to lower capital levels, with many showing an interest in deposit-rich franchises.

Banc of California (BANC) in Irvine is looking to raise $100 million by selling common stock and tangible equity units.

BREA, Calif. — South Western FCU and Credit Union of Southern California have announced their intent to merge, pending approval from state and federal regulators and SWFCU members.

Huntington Bancshares (HBAN) keeps expanding in Michigan, agreeing to buy 13 more branches from Bank of America (BAC).

ALEXANDRIA, Va. — The NCUA remains committed to workforce diversity as a key to success for the organization, despite the agency failing to meet 60% of its own workplace target goals last year.

HV Bancorp in Huntingdon Valley, Pa., has filed to sell more than $13 million in stock as part of its planned conversion to a stock company.

Huntington Bancshares (HBAN) in Columbus, Ohio, has snagged an executive from an in-state rival to manage an important investment business.

WASHINGTON — After three regulatory relief bills sailed through the U.S. House of Representatives last week — two of which were written specifically for credit unions — industry insiders are cautiously optimistic.