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.
Lawsuit by fired SVP alleges that San Diego credit union ignored his warnings about misapplied payments.
MECU awaits only member vote to buy Advance Bank of Baltimore.
Lenders need to be prepared for continual and often rapid shifts in the economy.
Agency said supported more than $29 billion in lending in fiscal year ended Sept. 30
Fed districts report vacancy rates continued to fall, rents rose, and the outlook was generally positive.
Credit union advances one more step toward what is becoming a trend: credit unions buying banks.
Consultancy survey finds jump at financial institutions with assets up to $2 billion. Banking CEOs take up 10% in same period.
Return to pre-recession payment pattern noted by credit bureau.
Eminent domain plan wins Richmond City Council approval but remains in limbo in face of state law.