Americas

SEATAC, Wash. -- Though the Target Corp. breach has received a landslide of media attention, another data theft has hit Northwest CUs hard.

Community West Bancshares in Goleta, Calif., has promoted Michael Phlaum to executive vice president and chief operating officer of its bank unit.

Citadel EFT, a credit card processing firm, announced Tuesday that it is exploring ways to allow state-licensed marijuana businesses to accept electronic payments from their customers.

Zions Bancorp. (ZIONS) in Salt Lake City has named Scott McLean as its new president.

The boards of directors of HomeTrust Bancshares (HTBI) and Bank of Commerce have reached a definitive agreement to form a strategic partnership for an undisclosed price.

Guaranty Federal Bancshares (GFED) in Springfield, Mo., plans to raise roughly $15 million in an initial public offering.

Banner Bank in Walla Walla, Wash., has entered into a business partnership with wealth management firm Coldstream Capital Management in Bellevue, Wash.

Eastern Bank in Boston has agreed to acquire Centrix Bank & Trust in New Hampshire in what would be Eastern's first expansion outside Massachusetts.

AUSTIN, Texas -- Credit unions and other community financial institutions have an opportunity to gain additional market share from big banks this year, according to new study, but CUs will still have to overcome some familiar obstacles.

BBVA Compass (BBVA) of Birmingham, Ala., has opened two new banking centers in The Woodlands, Texas, a fast-growing suburb north of Houston.