NASB Financial in Kansas City, Mo., will have a new leader in 2025. The parent of the $2.8 billion-asset North American Savings Bank said in a press release that Tom Wagers will retire in January. He will be succeeded by Enrique Venegas, who was recently promoted to serve as president. Wagers will remain on the board as NASB and its bank. Venegas, who joined NASB in 2013, was the company's

The Georgia Department of Banking and Finance approved Fiserv’s application for a special banking charter that gives it direct access to card networks. The Brookfield, Wis., payments company, by obtaining the merchant acquirer limited purpose bank charter, no longer needs to partner with banks to process credit card transactions. The charter gives Fiserv the right to authorize, settle and clear payment transactions for merchants. Fiserv, which applied for the charter

Territorial Bancorp in Honolulu, which is facing pressure from an unsolicited offer, has postponed a shareholder vote for its pending sale to Hope Bancorp in Los Angeles. The $2.2 billion-asset company said in a press release that it will move the meeting from Oct. 10 to Nov. 6 to give its board and management time "to continue discussions with stockholders regarding" the agreement with Hope. Territorial's board said it continues to

Education First Federal Credit Union in Beaumont, Texas, has a new CEO. Urjit Patel announced on his LinkedIn account that he had also become president of the $tk billion-asset credit union. Patel, who had been acting president and CEO, previously served as the credit union's chief operating officer.

OneAZ Credit Union in Phoenix has agreed to buy 1st Bank of Yuma in Arizona. The $3.6 billion-asset credit union said in a press release that it will by substantially all of the $600 million-asset bank's assets and liabilities from Western Arizona Bancorp in a cash transaction. The price wasn't disclosed. The deal is expected to close by mid-2025. “OneAZ is taking a bold step toward fulfilling our commitment to

Coastal Financial in Everett, Wash., has a new president for its fintech and Banking-as-a-Service division. The $4 billion-asset company said in a press release that it bifurcated the bank president role by appointing Brian Hamilton, a Coastal director, to lead CCBX. Curt Queyrouze, president of the company and the bank, will serve as president of the community bank division. “As Coastal focuses on growing CCBX, we continuously seek out individuals

CU WealthNext, a credit union-owned fintech, has invested in Concreit, a fractional real estate investing platform. CU WealthNext, which did not disclose the size of its investment, said in a press release that Concreit is preparing to pilot its platform with credit unions. The investment "is a key milestone in our journey to deliver affordable, accessible, and innovative wealth solutions to credit union members," Joshua Herman, CU WealthNext's CEO, said

TruWest Credit Union in Scottsdale, Ariz., has a new CEO. The $1.8 billion-asset credit union said in a press release that Chris Kearney succeeded Alan Althouse, who retired. Kearney will remain TruWest's president. Kearney has been president and chief information officer since 2023. “Chris has consistently demonstrated his ability to drive innovation and inspire our teams to deliver exceptional service,” Althouse said in the release. “After working closely with Chris