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The company, which agreed to buy Southwest Bancshares in Mobile, also plans to sell $45 million in stock to help fund the deal.
October 24 -
Jim Popp, formerly of JPMorgan Chase, will become CEO of Johnson Financial Group in Racine at yearend. He will succeed the retiring Jim Bolger.
October 24 -
The mutual, which agreed to buy First Colebrook Bancorp, had recently opened a limited-service branch in Portsmouth, N.H.
October 24 -
TCU Insurance Agency acquires Winey Insurance Agency, adds clients.
October 24 -
The $73 million CU is transitioning to a state charter to expand to other communities
October 24 -
A project set up to improve processes and boost internal efficiencies has saved TruChoice FCU more than $116,000 per year and earned the credit union a Best Practices Award from CU Journal.
October 24 -
The devastation and loss credit unions saw following Hurricanes Harvey, Irma and Maria should be a wake call for all financial institutions to have respective disaster recovery plans in place, but oddly the opposite sometimes holds true.
October 24 -
Increased investor appetite and the emergence of specialized debt ratings are expected to spur demand, and community banks are looking for ways to fund expansion and hedge against future economic downturns.
October 23 -
The Midwest bank said that digital usage rose 400% after a makeover of online and mobile banking platforms that was meant to make them more customer-friendly and more competitive.
October 23 -
Chief among the credit union’s aid efforts are low- and no-interest loans, and initiatives in concert with other area service providers.
October 20 -
Greater Nevada Credit Union’s small business lending program has been showered with awards, including a CUJ Best Practices honor.
October 20 -
While the advent of the Internet offered the possibility of increased global connectivity, blockchain has the potential to take this advancement to the next level, writes Sergey Ponomarev, the CEO of SONM.
October 20
SONM -
Its efforts earned Financial Resources FCU a 2017 Best Practices Award from CU Journal.
October 19 -
More than 20 different states are part of the Juntos Avanzamos network, with dozens of CUs participating from across the country.
October 19 -
Robust growth in net interest income, combined with a lower provision for loan losses, helped boost Webster Financial Corp.'s profits to a record $62.4 million in the third quarter, 26% higher than a year earlier.
October 19 -
First Reliance in South Carolina, which recently announced its first bank acquisition, is angling to take advantage of disruption caused by bigger mergers in the Carolinas.
October 19 -
"I’m not going to step aside because I’m an asset for this company," Tim Sloan said Wednesday, rejecting arguments by some Senate Democrats that he is too tied to the phony-accounts scandal.
October 18 -
First Bank will enter a new market and gain access to low-cost deposits after it completes the acquisition.
October 18 -
TruChoice Federal Credit Union’s SMILE program is improving members’ lives and saving them money.
October 18 -
Profits at the custody bank rose 16%, but it announced a new streamlining program that is expected to generate yearly savings of $250 million by 2020.
October 18













