President Obama yesterday named John Herrera to a vacant seat on the National Credit Union Administration board. Herrera is currently an executive at a community development financial institution. He previously served as a commissioner of the North Carolina Credit Union Commission and co-founder of a state-chartered Latino credit union. If confirmed, Herrera would take the seat vacated by Debbie Matz, who resigned as NCUA chairman in the spring.
Republic First Bank closed in Pennsylvania
State regulators closed Republic First Bank, doing business under the Republic Bank brand, in Philadelphia, and appointed the FDIC as...