Americas

Two of the largest credit union service organizations, both based in California, report that business is good, despite numerous financial and regulatory challenges.

SAN DIEGO — A new credit union service organization is helping credit unions collect on charged-off accounts and return "prior prime" members to their former CUs.

First Commonwealth Financial (FCF) in Indiana, Pa., has a new chief financial officer.

Cordia Bancorp (BVA) in Midlothian, Va., has raised $15.4 million.

NEWPORT BEACH, Calif. — Credit unions frequently cite compliance as one of their biggest burdens. And now, so are credit union service organizations.

Pathfinder Bancorp (PBHC) in Oswego, N.Y., is planning to convert from a mutual thrift to a fully public holding company.

The Pennsylvania Senate has unanimously confirmed James Biery as a commissioner of the Pennsylvania Banking and Securities Commission.

The Greenville, S.C., company hired John Poelker as interim CEO and ousted its top executives less than two weeks after allegations of financial mismanagement surfaced. Poelker, known for stabilizing struggling banks, could be tasked with cleaning Certus up for a buyer.

The Treasury Department has agreed to sell a large stake in Hampton Roads Bankshares (HMPR) in Virginia Beach.

A bitcoin ATM is coming to South Carolina — the state's first machine will be installed Thursday at the College of Charleston TD Arena.