Americas

WASHINGTON — NCUA's testimony before the House Financial Services Committee earlier this week has some within the credit union community saying the regulator may have opened the door a little wider for federally insured CUs to gain access to supplemental capital.

The lessons that elementary school students learn about saving can have a lasting effect, according to a new study supported by the Treasury Department.

BancorpSouth (BXS) in Tupelo, Miss., has acquired Knox Insurance Group in Lafayette, La.

HOUSTON — Two masked men armed with handguns barged into a Chartway FCU branch here Wednesday morning, fired shots into the ceiling, demanded money and then escaped with an undisclosed amount of cash.

Wintrust Financial (WTFC) in Rosemont, Ill., has agreed to buy 11 branches in Wisconsin from Talmer Bancorp (TLMR) in Troy, Mich.

Sugar Creek Financial in Trenton, Ill., has completed its conversion from a mutual holding company to a publicly traded company.

MBT Financial (MBTF) in Monroe, Mich., has extended the expiration date for its rights offering.

Riverview Community Bank in Vancouver, Wash., has been freed from a formal agreement with the Office of the Comptroller of the Currency.

WASHINGTON — The Internal Revenue Service has backed down in its dispute with the credit union community over unrelated business income tax and cleared almost all CU products at stake in related litigation.

CertusBank has terminated its top executive team, effective immediately, the $1.7 billion-asset bank announced Wednesday.