GreenState Credit Union in North Liberty, Iowa, has a new CEO. The $11 billion-asset credit union said in a press release that it hired Vikram Israni. He previously served as chief financial officer at Wings Credit Union in Apple Valley, Minn. GreenState worked with Spencer Stuart to conduct a nationwide search to replace Jeff Disterhoft, who retired. Todd Fanning, GreenState’s CFO, had been serving as interim CEO. “The board was

New York Community Bancorp in Hicksville is looking to ease concerns about its balance sheet and management team. The $116.3 billion-asset company said in a press release that it has been engaged in “an orderly process” to hire a chief risk officer and chief audit executive with large bank experience. “We currently have qualified personnel filling those positions on an interim basis,” Thomas Cangemi, the company’s president and CEO, said

The Federal Reserve terminated an enforcement action with Farmington State Bank in Washington. The Fed said that it ended the July 2023 enforcement action because Farmington, which once had ties to collapsed crypto exchange FTX, had “completed its wind-down plan and no longer functions as a bank.” Farmington gained notoriety when it rebranded as Moonstone Bank and began dealing in crypto. It was later disclosed that the bank had received

Star Bank in Maple Lake, Minn., has applied to buy Community Development Bank in Hancock, Minn. The $380 million-asset Star filed its application to buy the $189 million-asset Community Development Bank on Friday. The purchase is expected to close in late March. The price wasn’t disclosed. “We are excited about this opportunity to expand our service into Hancock,” Harry Wahlquist, Star’s CEO, said in a press release. “I anticipate a

UMB Financial in Kansas City, Mo., has a new president.   The $44 billion-asset company said in a press release that Jim Rine succeeded Mariner Kemper, who is still chairman and CEO. Rine will remain president and CEO of UMB Bank. “During his nearly three decades at UMB, he has helped our company grow, steered us through challenging times, and been a mentor and coach to many, including several of

NorthEast Community Bancorp in White Plains, N.Y., has sold its wealth management division. The $1.8 billion-asset company said in a press release that it sold Harbor West Wealth Management in December to an unnamed third party. The price wasn’t disclosed. As a result, goodwill fell to zero on Dec. 31 from $200,000 a year earlier. NorthEast Community bought the business in 2007. It offered investment advisory and financial planning services

LendingClub in San Francisco has been released from an operating agreement tied to its 2021 purchase of Radius Bancorp. The three-year agreement with the Office of the Comptroller of the Currency expired on Friday, removing capital constraints and opening up more opportunities for the company to expand. The agreement also required LendingClub to discuss changes or additions to its operating plan with the OCC, among other things. Buying Radius and

F.N.B. Corp. in Pittsburgh agreed to pay $13.5 million to settle redlining claims in North Carolina. The Department of Justice said in a press release that the amount resolves claims that the $45 billion-asset company used discriminatory lending practices in certain neighborhoods in Charlotte and Winston-Salem. The allegations covered a period from 2017, when F.N.B. bought Yadkin Financial, to 2021, and included branch closures. “We will not tolerate businesses that