News Topic: washington
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Columbia's first M&A deal in California could spur more — in Oregon
New law opens Washington credit unions to unlimited public deposits
Verity Credit Union CEO announces retirement
John Zmolek has been involved with the Seattle-based institution for more than three decades. A successor has not yet been named. ... Read full article
STCU eyes further expansion with merger
A deal to bring Coulee Dam FCU into the fold will expand the Spokane, Wash.-based credit union's branch network while providing a wider array of technologies to the former CDFCU members. ... Read full article
Congressional FCU under lockdown as mob storms U.S. Capitol
Capitol police directed the institution to close four branches Wednesday as armed Trump supporters forced their way into the complex, and two facilities remained shuttered late in the day. ... Read full article
Heritage in Washington joins list of banks closing branches
The company will close nine branches over the next three months. ... Read full article
STCU to expand footprint with Umpqua branch deal
The Liberty Lake, Wash.-based credit union has agreed to buy four branches from the Roseburg, Ore.-based bank. ... Read full article
Sound Credit Union in Wash. buying branch from First Interstate
The deal continues Sound's push into markets north of its Tacoma headquarters. ... Read full article
Sound Credit Union in Wash. buying branch from First Interstate
The deal continues Sound's push into markets north of its Tacoma headquarters. ... Read full article
Will $1 billion California deal jump-start West Coast M&A?
Unlike other regions of the country, the western U.S. has seen very few large bank mergers in recent years. Here's why Pacific Premier's acquisition of Opus Bank could change that. ... Read full article
New Columbia Bank chief eyes return to M&A
Incoming CEO Clint Stein said the Tacoma, Wash., company is ready to revisit deals after spending three years updating its digital platforms. ... Read full article
HomeStreet fined for RESPA violations
The FDIC ordered the Seattle bank to pay a nearly $1.4 million fine tied to improper agreements with real estate brokers and homebuilders. ... Read full article
Incoming ABA chair on credit union takeovers of banks: Enough
Laurie Stewart says a string of bank sales to credit unions supports the case that the latter's tax-exempt status should be eliminated. ... Read full article
What’s fueling Citizens’ westward expansion
The Providence, R.I., bank recently installed a new regional head in California to oversee a commercial banking expansion into five western states. The bank says it’s trying to craft a successful growth strategy while reassuring investors it isn’t ... Read full article
Why 'WaFd'? To avoid being seen as a credit union
When Washington Federal last rebranded, it was to signal its shift from a savings and loan association to a commercial bank. This time around, it's to reflect geographic diversity and its desire to be viewed as a bank. ... Read full article
Columbia Banking System will promote Clint Stein to CEO
The transition to Stein from Hadley Robbins is the result of a multiyear succession process, the Tacoma, Wash., company said. Robbins had succeeded the late Melanie Dressel. ... Read full article
Sandy Spring to buy Revere Bank
The company will add nearly a dozen branches in the Maryland suburbs of Washington. ... Read full article
Washington Federal changes its bank's name
The Seattle company rebranded as WaFd Bank to address confusion that it might have ties to the federal government. ... Read full article
1st Security's first impression of Anchor was lasting
The two banks' strong chemistry helped 1st Security's integration of Anchor go smoothly. ... Read full article