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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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
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Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
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Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
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Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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