Retail & Commercial

ERIE, Penn. – Erie FCU, which moved into the old Glenwood Elementary School in February, announced plans yesterday to spend $8 million to renovate or raze the old school building for a new headquarters.

Regulators have lifted an enforcement action against Eastern National Bank in Miami, according to a report.

Anchor BanCorp Wisconsin (ABCW) reported a large quarterly loss just days after announcing a plan to file for bankruptcy and recapitalize itself.

Enterprise Financial Services Corp. (EFSC) in St. Louis converted $20 million of trust-preferred securities to common stock, a move that will reduce its borrowing costs and improve its capital position.

SPOKANE, Wash. – Numerica CU plans to open a downtown Spokane branch this fall in a 3,000-square-foot space on the ground floor of the former First National Bank Building.

CAPE CORAL, Fla. – Achieva CU opened two branches here this month.

QUEENS, N.Y. – Qside FCU has purchased what it terms a “highly-visible” property as the location for its new headquarters and main branch in Queens Village.

The head of Wells Fargo's (WFC) personal and small-business insurance division died on Wednesday during a business trip to Minnesota.

Pacific Mercantile Bancorp (PMBC) in Costa Mesa, Calif., has hired an executive from SVB Financial Group (SIVB) to lead a niche lending unit.

A federal judge raised the possibility that banks will have to repay billions of dollars to merchants, but legal experts say the court lacks the authority to enact such an order.