Practice management

The heads of CUNA and the California and Nevada Credit Union Leagues argued now is not the time for CUs to break up the CUNA/state league system that works well together.

The chief executive of First Capital Bancorp in Glen Allen, Va., plans to resign, about a month after the company agreed to sell itself.

Two more state leagues have come out on whether credit unions should be required to belong to both CUNA and their respective state leagues.

First Banks in Clayton, Mo., has announced that Chairman James Dierberg's son will succeed him, marking the fourth generation of the Dierberg family to lead the company.

Claremont Savings Bank in New Hampshire has found a successor to Chief Executive Sherwood Moody.

Jersey Shore Federal Credit Union and Atlantic City Firemen's Federal Credit Union, both located in Northfield, agreed last month to merge. They expect the merger to be completed on Jan. 31, including all systems conversions.

MasterCard has appointed Craig Vosburg to president of North America markets.

EL SEGUNDO, Calif. — Xceed Financial Credit Union is preparing to launch a new CUSO offering an array of interrelated products and services primarily aimed at bolstering loan growth.

Flushing Financial in Uniondale, N.Y., has promoted newly hired executive Susan Cullen to chief financial officer.

Commonwealth Credit Union on Friday said it signed an agreement to become the “preferred credit union” for the University of Louisville and will serve the school’s faculty, staff, students and alumni.

Wells Fargo is ready to recruit more than 200 brokers from Credit Suisse's U.S. private banking unit set to close early next year, with the Swiss bank's blessing.

Webster Financial in Waterbury, Conn., has promoted its head of commercial banking to president of Webster Bank and its holding company.

Opus Bank in Irvine, Calif., has promoted Jennifer Simmons to chief operating officer and appointed her to the executive committee.

Filene Research Institute is soliciting existing, in-market products and programs in consideration for a new project.

American Bank in Corpus Christi, Texas, will promote two executives next year, after longtime chairman and chief executive Al Jones retires.

A new study sponsored by CUNA Councils suggests that credit unions would be better served if human resources departments worked directly with C-suite executives.

GLENDALE, Calif. -- California Credit Union has formed a title insurance company to handle both residential and commercial title needs.

One look at the industry's C-suite makes it obvious that banks need to mirror demographic shifts far better and faster.

Lafayette Federal Credit Union, a $391-million institution based in Kensington, Md., said it plans to merge CSC Employees Federal Credit Union, a $77-million institution based in Falls Church, Va. into Lafayette FCU.

Rep. Paul Ryan’s expected election as House Speaker this week may ultimately prove a boon for the financial services industry – especially for critics of the Dodd-Frank Act and the current mortgage finance system.