Lending

An affiliate of MatlinPatterson will reduce its ownership to 48% from more than 60% after selling 8 million shares.

Studio Bank is set to become Nashville's first new bank since 2008. Organizers raised $46 million earlier this year.

While CEO Joseph Ficalora believes acquiring other banks would solve his company's funding issues, outsiders say its culture needs to change.

Millennials may be the largest demographic in America today, but one marketing expert says credit unions who ignore older potential borrowers do so at their own peril.

Loan participations at credit unions could hit $19 billion by 2020, but nearly half of CUs aren't involved. But steps are being taken to change that and make the process easier.

Hoot Credit Union in Bolton, England is celebrating having made its 10,000^th loan to members recently.

Sageworks, a financial services software firm that provides institutions with lending and risk solutions, was sold to Silicon Valley-based Accel-KKR.

The credit union's inaugural Lending Analytics Competition challenged University of Central Florida grad students to develop predictive models that could better interpret data.

State-chartered credit unions in the Badger State saw net income up 26 percent while total lending was up by more than 12 percent compared to the same quarter one year prior.

The $65 million-asset credit union earned the 2018 Growth and Progress Award from the Credit Union Association of the Dakotas for exceeding the state's average across a variety of growth metrics.

The Las Vegas-based credit union keeps quarterly winning streak alive, posting $2.19 million in net income in Q1.

Consumers who regularly pay their bills on time for things such as their cable and mobile phones should be able to build their credit histories.

Credit unions in Georgia saw loan growth of 8.8 percent last year, with strong performance across a variety of sectors

The Rhode Island-based credit union saw lending and assets increase by more than 7 percent, respectively, while net income was up more than 15 percent.

The company, which reported a slight decline in loans, lowered its expenses during the first quarter.

Its decision to hire a consultant to trim expenses highlights the difficulty regionals face in making long-term technology investments in a low-growth era.

The North Carolina-based credit union has released a report on its 2017 growth figures, including 5.1 percent member growth and loan growth of more than $300 million.

The Arkansas company's revenue increased largely due to its 2017 purchase of Stonegate Bank.

The $4 billion-asset milestone comes one year after the East Lansing, Mich.-based credit union hit the $1 billion mark for mortgage lending.

The Oregon-based credit union reported "strong loan demand" in all regions it serves.