Baltimore credit union takes over local thrift, to keep two branches open and 19 employees.
Maryland's financial regulator and the FDIC have approved the purchase of Advance Mutual Savings Bank in Baltimore by Municipal Employees Credit Union of Baltimore.
MECU awaits only member vote to buy Advance Bank of Baltimore.
Credit union advances one more step toward what is becoming a trend: credit unions buying banks.
Herb Yolles will be succeeded by associate regional director for Atlanta-based region, Myra Toeppe.
Kansas-based third-party originator adds wholesale and mini-correspondent programs.
President/CEO Pete Pritts announced some major changes at the $2.2 billion Corporate America Credit Union in a July 18 letter to members obtained by Credit Union Times. Since taking the helm of the Irondale, Ala.-based corporate in November 2012, Pritts has put together an almost entirely new senior and middle...
Managers shuffled, staff reduced, balance sheet revamped and new fee structure coming for Alabama-based corporate.
A housing finance reform bill unveiled by House Republicans July 11 would wind down Fannie Mae and Freddie Mac and also contains a number of regulatory relief provisions, including tweaks to the CFPB’s qualified mortgage rule and exam reform.
The Massachusetts Democrat sent Sallie Mae President/CEO Jack Remondi a letter that compared the lender’s use of FHLB funds to how big banks benefitted from TARP funds.