Retail & Commercial

LANSING, Mich. — Lake Trust Credit Union is set to relocate its headquarters to Brighton, Mich., about 45 miles to the east, but it's the CU's planned new corporate facilities that some observers say could have lasting implications on how other credit unions design their management offices.

WICHITA, Kan. — At Meritrust CU here, the two branches overseen by Sara Carver are something of a study in contrasts.

CLAMONT, Del. — Transforming one location of Eagle One FCU here has transformed branch traffic as well.

First Republic Bank in San Francisco expects its four-quarter average assets to reach $50 billion late next year.

BNC Bancorp in High Point, N.C., is planning to issue $60 million in subordinated notes to pay off a loan from another bank.

First Busey in Champaign, Ill., has agreed to buy Herget Financial in Pekin, Ill.

Credit cards and installment loans that are sold to active-duty military members would be subject to a series of consumer protections under the new Defense Department proposal. High-cost lenders easily evaded the earlier rules, which applied more narrowly.

The regulator of Fannie Mae and Freddie Mac should require banks and mortgage lenders to obtain independent, third-party tests to ensure compliance with its guidelines, according to a government watchdog report.

PayPal is going slow when it comes to Bitcoin, limiting its current focus to emerging channels and relying on partnerships with virtual-currency processors in North America.

Putnam County Savings Bank in Brewster, N.Y., has agreed to buy CMS Bancorp in White Plains, N.Y.