Ohio, West Virginia mutuals look to preserve beleaguered model with merger

BankThink

Community banking Mutual banks M&A Ohio West VirginiaFirst Mutual Holding and Doolin Security Savings Bank are planning to create a mutual with nearly $100 million in assets.

Best 11 Fun Things to Do & See in West Virginia – Activities & Attractions

Money Crashers

“Wild, Wonderful West Virginia” – That’s what the West Virginia Division of Tourism calls its home state. West Virginia is a landlocked, mostly rural state sandwiched between Virginia, Maryland, Pennsylvania, Ohio, and Kentucky. As tourism slogans go, it hits the nail on the head.

Website Design: 10 Reasons to Love the Homepage of City National Bank of West Virginia

NetBanker

Looking for inspiration this morning I did a random search on Google for “banks in West Virginia.” The post Website Design: 10 Reasons to Love the Homepage of City National Bank of West Virginia appeared first on Finovate.

West Virginia floods sock members, spare credit unions

CU Insight

The West Virginia floods late last week were blamed for 25 deaths, including a member of the $192 million Pioneer West Virginia FCU, according to President/CEO Dan McGowan. The post West Virginia floods sock members, spare credit unions appeared first on CUInsight.

Summit to Buy First Century in West Virginia

American Banker

Summit Financial Group in Moorefield, W.Va., has agreed to buy First Century Bankshares in Bluefield, W.Va. breaking_news community-banking dealmaking-strategy

City Holding agrees to buy pair of Kentucky banks

BankThink

The West Virginia company will pay a total of $118 million for Poage Bankshares and Farmers Deposit Bancorp. Community banking M&A Capital Growth strategies West Virginia Kentucky

West Virginia credit union uncovers discrepancies

CU Insight

The post West Virginia credit union uncovers discrepancies appeared first on CUInsight. An embezzlement investigation is under way at the $5.7 million Ohio County Public School Federal Credit Union in Wheeling, W. the cooperative’s board chair confirmed Monday.

WesBanco to fill geographic hole with Ky. bank acquisition

BankThink

An $378 million agreement to buy Farmers Capital will allow the West Virginia company to bridge a gap between Louisville, Ky., Community banking M&A Capital Growth strategies West Virginia Kentuckyand Huntington, W.Va.

CB Financial in Pa. to expand into Ohio Valley with latest acquisition

BankThink

The company has agreed to pay $49 million for First West Virginia Bancorp, the parent of Progressive Bank. Community banking M&A Capital Growth strategies West Virginia Pennsylvania

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W.Va. merger designed to compete against bigger banks

BankThink

Community banking Infrastructure Capital Growth strategies West VirginiaPremier Financial agreed to buy First Bank of Charleston for $33 million.

Summit Financial to pay $10M to settle dispute over pre-crisis mortgage sales

BankThink

The West Virginia company sold the mortgages to Residential Funding and ResCap Liquidating Trust between 2003 and 2007. Litigation Mortgages Earnings Sailthru NMN origination no display West Virginia

Boost from M&A cushions tax blow at United Bankshares

BankThink

Commercial lending and mortgage income surged in the fourth quarter at the West Virginia bank thanks to two acquisitions, but a tax charge cut into profits. Earnings Corporate taxes Commercial lending Originations West Virginia District of Columbia

Summit in W.Va. to buy neighboring Peoples Bankshares

BankThink

Community banking M&A Capital Growth strategies West VirginiaThe $26 million acquisition will allow Summit to enter two new counties in its home state.

United in W.Va. taps director to become next bank president

BankThink

Community banking Succession planning M&A Virginia West VirginiaMichael Fitzgerald, who was selected to lead United Bank, was CEO of Bank of Georgetown for 11 years before it was sold to United.

A buyer's secret weapon in M&A? The CEO of the bank it just bought

BankThink

Community banking M&A Growth strategies West Virginia KentuckyWhen potential sellers are skittish, a merger pitch from a peer who’s been through it can make the difference.

WesBanco in W.Va. to buy First Sentry Bancshares

BankThink

Community banking M&A Growth strategies Capital Durbin Amendment Stress tests West VirginiaThe acquisition is expected to boost WesBanco’s presence in Huntington, W.Va., and provide a bridge to its existing operations in Charleston, W.Va., and southeastern Ohio.

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Potomac Bancshares hires former Cardinal exec as its CEO

BankThink

Women in Banking Community banking Succession planning Growth strategies West VirginiaAlice Frazier had been chief operating officer at Cardinal Financial, which was bought earlier this year by United Bankshares.

What’s in store for the nation’s newest regional bank

BankThink

Community banking Regional banks M&A Capital Growth strategies Tennessee North Carolina West Virginia GeorgiaPinnacle Financial Partners closed in on $20 billion in assets by buying BNC. It now has to integrate the North Carolina bank, while finding ways to boost profit and adapt to increased regulatory burden.

How Element FCU helped temper West Virginia’s ‘Aquapocalypse’ — with Element’s Linda Bodie

CU Insight

It deals with a semi-recent industrial accident in Charleston, West Virginia. An ideal story for Halloween, I’d say. This one is a real treat for you — not a trick. A chemical company that produces a, well, chemical that cleans coal had a bit of a mishap when one of its massive storage tanks sprung a leak, allowing thousands of gallons of this toxic chemical to spill into the adjacent river that flowed toward downtown Charleston.

What do credit unions have that banks don’t?

CU Insight

An example of shared banking includes West Virginia Central Credit Union, OCUL Service Corp, and Telbec Federal Credit Union. In sum, West VA Central CU membership is located in a city (Beckley, WV) where they didn’t have a physical branch location. Marketing/Social Media Banks Cooperation OCUL Service Corp Telbec Federal Credit Union West Virginia Central Credit UnionOne thing banks don’t have that credit unions do have: cooperation among themselves.

Earn Up To $200 With WesBanco's Latest Checking Bonus

Deposit Accounts

Availability: Market area includes portions of Indiana, Kentucky, Ohio, Pennsylvania, and West Virginia. Headquartered in Wheeling, West Virginia, WesBanco’s market area has expanded through the recent acquisition of Your Community Bank (New Albany, Indiana) and now includes portions of Indiana, Kentucky, Ohio, Pennsylvania, and West Virginia. WesBanco is currently the largest bank headquartered in West Virginia, with assets in excess of $9.7

The Physician and the Fitbit: Why Doctors and Administrators Don’t Love Wearables

Dataconomy

Well, Hawley Montgomery-Downs, an associate professor of psychology at West Virginia University, studied Fitbit’s capabilities. You may love your Fitbit…but does your doctor? The complicated world of wearable data may make their lives harder.

Random Acts of Kindness Boost Morale at Citizens Bank of W. Va.

American Banker

Citizens Bank of West Virginia in Elkins boosts morale by having employees deliver surprise gifts of thousands of dollars each year to residents of its hardscrabble town (pop.

Primaries Hit Weakest Store Front Performance States

PYMNTS

From rough sledding in Nebraska to West Virginia, where conditions are best described as dismal, the voters voting today are hoping for a turnaround soon. West Virginia. Dismal is the only word that can be used to describe West Virginia’s economic performance as tracked through store fronts. The primary — at least, on the Republican side — is basically over but for the final counting and the balloon drop.

Build-A-Bear Workshop Plans New Locations, Pop-Up Shops

PYMNTS

Bass Pro Shops locations in Indiana, California, Missouri, Florida, Pennsylvania and Colorado are said to host the pop-up shops along with Cabela’s stores in Pennsylvania, West Virginia, Utah and Texas.

Michael Misoyianis Named CFO at William Mills Agency

William Mills

Misoyianis graduated from West Virginia University’s College of Business and Economics with a Bachelor of Science degree in business administration and is an avid hockey player.

A Bank Dealmaker Who's Made Relationship-Building His Brand

American Banker

United Bankshares in West Virginia has quietly become a $14 billion-asset player in its region thanks to the M&A strategy of its highly respected leader, Richard Adams, who has a way of establishing a rapport with community bank chiefs.

Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Supreme Court ruled in May that states may legalize sports betting — it was already allowed in Nevada — four other states have approved such wagering: Delaware, Mississippi, New Jersey and West Virginia. In West Virginia, one of the states with newly legal sports betting, lawmakers rejected an integrity fee that was supported by the state’s governor. The U.S.

Roughly Half of CUs Had Fewer Members Y-O-Y

Keith Leggett's Credit Union Watch

percent), and West Virginia (-0.6 Median membership growth was unchanged in New York, Tennessee, and Virginia. While overall membership at credit unions grew in the third quarter, roughly half of the country's credit union reported fewer members at the end of the third quarter of 2018 than a year ago. Median membership growth was negative in 13 states. The District of Columbia had a median membership growth rate of negative 1.6 percent, followed by Illinois at minus 1.5

Macy’s Is Hiring 80,000 Employees For The Holidays

PYMNTS

These positions are located in Goodyear, Arizona; Cheshire, Connecticut; Tulsa, Oklahoma; Portland, Tennessee; and Martinsburg, West Virginia, as well as in product-specific fulfillment centers in Sacramento, California; Stone Mountain, Georgia; Secaucus, New Jersey; and Joppa, Maryland. Macy’s announced it is hiring 80,000 temporary workers for the holiday season, as well as adding more employees to handle online orders. Macy’s, Inc.

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States Step Up Where CFPB Steps Back

PYMNTS

Other states are stepping up enforcement, with West Virginia joining Massachusetts to sue Equifax, the credit scoring agency that was hacked, revealing the information of 145 million consumers. Aiming to fill the void resulting from the Consumer Financial Protection Bureau’s retreat from regulation, states are stepping up and going after big financial companies.

Macy’s Eventizes Holiday Hiring

PYMNTS

Those jobs won’t be in stores but in “mega-centers” in Arizona, Connecticut, Oklahoma, Tennessee and West Virginia, with extensions for specific product fulfillment in California, New Jersey and Maryland. It seems everyone is getting out earlier with their holiday hiring plans. Target is conducting mass interview sessions, JCPenney is upping its temporary staff count and even Sears is getting in on the act and moving to swell its in-store job rolls as quickly as possible.

The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

Virginia. West Virginia. Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country.

Sears Offers Online ‘LEASE IT’ Financing Program

PYMNTS

The standard lease term is as short as five months, with an early purchase option at 30, 60 or 90 days (not available in New Jersey, Vermont, Wisconsin or West Virginia). Sears Holdings has announced that it has expanded its leasing program so that customers can easily finance a variety of products, both in-store and online.

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Macy’s Looks To Expand Pop-Ups After Weak Holiday Sales

PYMNTS

Gennette, in his call with analysts, said a fire at a distribution center in West Virginia impacted Macy’s fulfillment capabilities during Cyber Monday.

Five At Five: NYC Votes To Impose Ridesharing Cap

PYMNTS

A pilot program in underway in West Virginia has contracted with Massachusetts-based Voatz to make ballots available for overseas troops via mobile devices. Welcome to the Five at Five, your late look at the payments and commerce news of the day.

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Blockchain Goes Local (A Bit, Anyway)

PYMNTS

News came out this week that a pilot program in West Virginia is eyeing the ballot box. Use cases are growing with blockchain, and while the headlines may focus on large-scale government initiatives and where distributed ledger technology (DLT) might be headed, the fact remains that smaller projects are gaining traction. Looking on a case-by-case basis, state initiatives (or local ones outside the U.S.)

Health Care Companies Data At Risk Of Being Compromised

PYMNTS

Health care companies hold the keys to a lot of sensitive consumer data, and a hack of that data could open up a can of worms. That could be the case with 12 health care payers, who are at risk of being hacked after a health care vendor was compromised. According to a report , which quoted a spokesperson for Newkirk Products, the vendor that was hacked, the cyberattack may have impacted around 3.3 million.

Procure-to-Pay, 3 Ways Analytics Reduces Risks and Costs

FICO

This article from the State of West Virginia is a perfect example: "More than 17% of Purchase Card transactions lacked sufficient documentation".

Why US Credit Card Fraud Complaints Are On The Rise

PYMNTS

West Virginia, Iowa, Idaho and Kentucky rounded out the top five states with the least amount of reported credit card fraud. Credit card fraud complaints in the U.S. saw the biggest increase in 10 years in 2015, with the number rising by 41 percent. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015.

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Retail Pulse: goop Finds Stickiness In New York, Opens ‘Lab’; Nordstrom To Offer Early-Bird Pickup

PYMNTS

With the rollout, Bass Pro Shops locations in Indiana, California, Missouri, Florida, Pennsylvania and Colorado are said to host the pop-up shops, along with Cabela’s stores in Pennsylvania, West Virginia, Utah and Texas.

Higher Learning, Hit By Payments Fraud

PYMNTS

Separately, West Virginia News reported that an ex-state Division of Highways worker has been sentenced to probation spanning three years after filing fake expense reports. Is higher education a conduit to workers skimming from their institutions of learning? In a few incidents seen earlier this month, it seems like skimming takes its place with reading, writing and arithmetic.

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Lease-To-Own Services Make A Comeback With Overstock.com

PYMNTS

The standard lease term is as short as five months, with an early purchase option at 30, 60 or 90 days (not available in New Jersey, Vermont, Wisconsin or West Virginia). Lease-to-own services are making a comeback with eCommerce retailers. Overstock.com is bringing a lease-to-own purchase option to its financial service offerings.