SAN FRANCISCO - (06/01/05) -- Two credit union projects in Arizonawere among 49 projects in four states awarded Affordable HousingProgram grants by the Federal Home Loan Bank of San Francisco, theFHLB said Tuesday. The regional FHLB awarded $1 million to TempeSchools CU to help it build an 30-unit low-income project inPhoenix in partnership with the Guadalupe Community DevelopmentCorp.; and $600,000 to AEA FCU, in Yuma, Ariz., to build a 40-unitproject in San Luis, Ariz., in partnership with Comite de BienEstar, Inc. The FHLB grants will be used to leverage privatefinancing to build or renovate 3,056 affordable housing units inArizona, California, Nevada and Texas.
-
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
1h ago -
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
6h ago -
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
7h ago -
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
7h ago -
Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
7h ago -
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
10h ago