Americas

ARLINGTON, Va. — Brenda Turner has retired after 22 years as president and CEO of Arlington Community Federal Credit Union.

First National Bank of Southern California announced Monday that it is acquiring First Mountain Bank in Big Bear Lake, Calif., in a deal that would roughly double its size.

SPOKANE VALLEY, Wash. — Numerica Credit Union is the first financial institution in the state of Washington that will accept business from recreational marijuana processors and producers, according to the Washington Liquor Control Board.

The company, which agreed to buy Continental Bank in Pennsylvania, has the "firepower" for more deals as it looks to build the size to match its existing cost structure, CEO Ted Peters says.

Doral Financial (DRL) in San Juan, Puerto Rico, is developing a revised capital plan to address concerns from the Federal Deposit Insurance Corp.

AUSTIN, Texas — Consumers, in growing numbers, are turning to mobile exclusively for their remote banking needs, and CUs are doing a better job than banks at signing up mobile users.

Bryn Mawr Bank (BMTC) in Pennsylvania has agreed to buy Continental Bank Holdings in Plymouth Meeting, Pa.

Banc of California (BANC) in Irvine has acquired an 8% stake in Clearinghouse CDFI, an institution that serves low- to moderate-income communities in California and Nevada.

Lawrence Seidman helped arrange a face-to-face meeting of the companies' leaders, according to a regulatory filing. He also agreed to sell more than 2.3 million shares of Center stock to move the deal along.

First Bancorp (FBNC) in Southern Pines, N.C., saw its earnings nearly double in the first quarter from a year earlier behind higher net interest margin, lower provision for loan losses and higher fee income.