GOSHEN, Ind. - (02/21/06) Farm Bureau CU will open itsspacious new headquarters on Tuesday. The 53,000 square-footbuilding, three times the size of the old offices across thestreet, is considered the centerpiece of the redevelopment of thecitys West Lincoln Avenue area. The building featuressloping brick walls and large green windows and an open atrium andskylight in the middle. It also has an Internet cafĚ, coffeebar and childrens area. The facility was designed byLeedy-Cripe Architects of Elkhart, and built by DJ Construction ofGoshen. The credit union was chartered in 1932 and has grown tomore than $350 million in assets and 40,000 members.
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The company is leveraging its bank charter and strong customer acquisition, with app logins up nearly 50% from borrowers.
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The Dallas-based regional bank's return on average assets exceeded its goal of 1.1% for the first time, coming in at 1.3% for the third quarter. The bank has been in transformation mode since 2021.
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U.S. regulators have reached a rock-bottom settlement deal with a former Wells executive accused of wrongdoing in the phony-accounts scandal. The OCC had sought to recover $10 million from Claudia Russ Anderson, a onetime risk executive at the bank.
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Fraser will succeed John Dugan, who's been Citi's chair for six years. The megabank also granted Fraser a one-time award of $25 million in restricted stock units, and more than 1 million stock options.
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Farmers National Banc Corp. in Ohio plans to acquire in-state rival Middlefield Banc Corp. in a deal that will deepen the buyer's footprint in Columbus.
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An apparent increase in large-scale borrower fraud and the hot environment for bank mergers were the key themes as banks discussed their third-quarter results.
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