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Family Trust Federal Credit Union, a $443 million institution based in Rock Hill, S.C., has named Penny Pratt as its next president and CEO.

Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.

A delegation of English and Scottish credit union professionals visiting the States offers their take on the biggest challenges credit unions face.

MainStreet Bancshares in Fairfax, Va., has hired a veteran Virginia banker as its president.

The Farm Service Agency and the Small Business Administration seem to be taking longer to approve guarantees for loans to facilities that house livestock, creating another headache for bankers.

AgriBank in St. Paul, Minn., is removing "interim" from the title of its chief executive.

The $1.8 billion-asset parent of Cambridge Trust said in a press release Tuesday that Michael Carotenuto started as CFO on Monday. He succeeds Albert Rietheimer, who is retiring after serving as CFO since 2005.

Northern Trust on Tuesday promoted Michael O'Grady to president. O'Grady currently serves as head of corporate and institutional services at the Chicago-based custody bank, overseeing businesses such as asset servicing and investment management.

PeoplesBank in York, Pa., has hired Charles T. Field as its chief financial officer. The $1.5 billion-asset bank said in a press release Tuesday the Field will also be treasurer of its parent company, Codorus Valley Bancorp.

CHROME FCU adds key staff post-merger and other CU professionals in the news.

Aaron Vermut has resigned as chief executive of Prosper Marketplace, according to a report in The Wall Street Journal. Vermut stepped down last week but will remain a director at the San Francisco-based online lender, according to the report, which cites unnamed sources.

The Trump transition team is said to have recommended that Steven Mnuchin be nominated Treasury secretary. A Goldman Sachs alum, he is known as a successful change agent for his roles in the transformation of the failed IndyMac into OneWest and the revamping of CIT, but some community reinvestment advocates remain critical of him.

Summit State Bank in Santa Rosa, Calif., has hired a rival’s chief credit officer.

If there is one thing credit unions and banks can agree on with regard to the National Credit Union Administration's latest effort to revamp its field-of-membership rules it is this: a lawsuit is brewing.

Midland States Bancorp in Effingham, Ill., has plucked its new chief financial officer from a much larger bank: Kevin Thompson, who joins Midland from Zions Bancorp., where he had been senior vice president of corporate finance since 2014.

American Heritage CEO tapped to serve on international board and other credit union advocates in the news.

Midland States Bancorp in Effingham, Ill., has launched an efficiency push after a period of expansion that reached another milestone Thursday.

Bankers can't start spending their tax cuts under the Trump administration yet because there are so many X factors — including what exactly the new president would seek to steer through Congress. But they sure have fun thinking about what they'd do with the billions of dollars in savings that are possible.

Green Dot reported net income of $2 million in the third quarter as the prepaid card issuer sought to overcome the revenue it lost by discontinuing one of its most popular products.

In a message to employees Wednesday morning, JPMorgan Chase Chief Executive Jamie Dimon said the election of Donald Trump as president reflects a "deep desire for change.”