Land of Lincoln Credit Union in Decatur has agreed to acquire Colchester State Bank in Colchester.

Many in Utqiagvik, Alaska, say they like banking with the country's fourth-largest bank. But they also want more banking options in their town, a reality that rural communities across the United States face.

The Mississippi bank would take a big hit to capital and income but avoid the risk of a bigger payout from a guilty verdict in litigation against banks that did business with Allen Stanford's disgraced financial empire.

Roxane Bowering succeeded Andrea Thune as the next president and chief executive of the New York credit union.

Charles Vice, former commissioner of the Kentucky Public Protection Cabinet's Department of Financial Institutions, will advise the National Credit Union Administration's board on policy and tech-related initiatives.

In a joint statement, the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency said issuing and holding cryptocurrencies is "likely to be inconsistent with safe and sound banking practices."