HONOLULU – Aloha Pacific FCU said it will acquire tiny First Insurance FCU, its second merger since December.
First Insurance has less than $2.5 million in assets and fewer than 500 members and has reported losses for six straight quarters.
Aloha Pacific, known until 2007 as Honolulu City & County Employees FCU, acquired Inter-Island FCU last December. After the merger Aloha Pacific will have $580 million in assets and 31,000 members.
Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., said that they "agree to disagree" with bank lobbyists on their objections to their newly released stablecoin-yield provision.
The GSEs' financials are strong but odds are against a short-term change to conservatorship that would give stockholders access to their profits, Mizuho said.
Brian Moynihan will continue to wear two hats, thanks to the support of almost 70% of Bank of America's shareholders.
The Justice Department retreated from its plan to appeal a judge's ruling blocking grand jury subpoenas in the Powell probe, opting instead for a softer legal maneuver that keeps the investigation's future uncertain.
The company is officially releasing a digital asset product that it first announced back in October.
The Canadian bank is using machine learning to analyze customers' payments and provide recommendations to salespeople.
