Gregory Mitchell, former CEO of First PacTrust Bancorp and PacTrust Bank, succeeds Benson Porter, now CEO at BECU.
Oregon’s St. Helens Community Federal Credit Union is now facing a recall of five of its directors to be heard after the Labor Day weekend.
Member meeting set for Sept. 4 after recall petitions validated.
Essex National Securities Inc., a broker-dealer once owned by a subsidiary of Addison Avenue FCU, has been acquired by private New York investment firm.
In an unforeseen management shift, Benson Porter, president/CEO of the $5 billion First Tech Federal Credit Union of Palo Alto, Calif., will be taking over the $9.7 billion BECU of Tukwila, Wash., next April, succeeding retiring CEO Gary Oakland.
West Monroe Partners, Open Solutions say First Tech merger a success from their vantage points.
The boards of the $3.5 billion Kinecta FCU and $1.2 billion NuVision FCU have announced their intent to merge into an institution that will serve 300,000 members in two Southern California counties.
The California/Nevada Credit Union League has kicked off its search for a successor to its president/CEO, Bill Cheney, who is taking the CUNA helm July 5.
The planned $4.6 billion, mega-merger of First Tech Credit Union and Addison Avenue FCU points to new industry thinking on future combinations of equals, according to Callahan & Associates.
The retiring president/CEO of the soon-to-be-merged First Tech Credit Union in Oregon demurred whether peer CUs across the nation might also be looking at mega matchups.