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The credit union also announces current EVP Marie Shanks will take over as CEO beginning Oct. 1.

Brown succeeds Janice Jones, who retired as CEO after 51 years of service at the credit union.

Once merged, Financial Center CU and Valley Strong CU will manage $3.5 billion in assets and serve more than 210,000 members.

Pamela Conley will be sentenced in March on 24 counts of bank fraud and three counts of aggravated identity theft.

Revisions by the Mortgage Bankers Association show first-mortgage originations last year were 7% more than previously reported.

The 2022 National Defense Authorization Act excludes bank expansion on military bases.