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Deal in New Mexico lifts credit union-bank merger tally to 14

American Banker

Eagle Federal Credit Union said it plans to acquire Southwest Capital Bank in a transaction slated to close next year. It would help the buyer expand its cannabis banking operation.

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The power of a CDFI

Independent Banker

“Our mission as a CDFI, obviously, is serving low-income census tracts, as well as [helping] the population who haven’t been historically included in the banking world,” he says. The majority of the FSWCF’s loan programs are dedicated to small businesses in rural Colorado, New Mexico and the Navajo Nation.

Colorado 119
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Another 44 Banks And Credit Unions Sign Onto Apple Pay

PYMNTS

Citizens Bank. City State Bank. Comenity Capital Bank. Commercial Bank. FNB New Mexico. Jersey Shore State Bank. Luzerne Bank. Mabrey Bank. Meadows Bank. Pendleton Community Bank. Peoples Bank (OH). Phoenixville Federal Bank & Trust.

Apple 102
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15 Minutes With … Jimmy Rasmussen

Independent Banker

IB: You were recently reelected to serve a second term on the Federal Reserve Bank of Dallas board of directors. Rasmussen: Yes, it is an honor to serve the Group 3 Banks in Texas, southern New Mexico and northern Louisiana for three more years. Rasmussen: I talk about community bank regulatory burden at every meeting.

Dallas 131
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$12M Offering to Start a Mutual Conversion in N.M.

American Banker

Alamogordo Financial in New Mexico has kicked into gear its plans to convert from a mutual to a fully shareholder-owned company.

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Dodd-Frank Pullback To Benefit SMEs, Says Donald Trump?

PYMNTS

Trump, speaking at a meeting Thursday (March 9) with community bankers, along with National Economic Council Director Gary Cohn and Treasury Secretary Steve Mnuchin, said community banks are critical to the economic health of their communities and to providing small businesses with access to capital.