SAN ANTONIO – Air Force FCU announced Friday it has hired Robert Glenn, an executive the past 16 years at ORNL FCU in Oak Ridge, Tenn., as its new president and CEO. Glenn will succeed Tom Whitmore, who left the $230-million credit union, known until 2003 as Lackland FCU, last September. Executive Vice President Bob Sherwood has been serving as interim CEO since then. The credit union, based at Lackland Air Force Base, is open to all members of the U.S. Armed Forces and their families.
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Megan Ryan joins American Banker from the Chicago Fed, bringing insights on the payments industry exclusively for subscribers.
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The Saginaw, Michigan-based credit union brought its credit card program back in-house to capture more member spending and gain added control over customer relationships. Previously, its credit card program was managed by a third-party vendor.
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The New York-based bank, which serves plaintiff law firms, agreed to pay $348 million for a Windy City community bank.
March 12 -
A New York state bill would reduce the barrier for minority-bank and community-bank participation in the state's long-standing Banking Development District program.
March 12 -
A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
March 12 -
The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
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