RIDGECREST, Calif. - (03/14/06) -- AltaOne FCUs said it will againgrant six $1,000 scholarships to graduating high school seniors andtwo scholarships of $500 each, to continuing students at Cerro CosoCommunity College or any other two-year postsecondary school. Thecredit union also awarded $7,000 in scholarships last year.Applicants need not be AltaOne members but must live within thecredit union's field of membership.
In keeping with its policy of outsourcing functions outside its core commercial and retail banking competency, Signature Bank near Chicago teamed with a larger trust company to fill a longstanding gap in its product set.
The Arkansas-based company pivoted to organic growth a few years ago, after making 14 bank acquisitions in less than a decade.
The combination of the banks is the latest in a trend of deals closing on speedier timelines, and signals the industry's hunt for scale.
When the Swiss banking giant bought rival Credit Suisse in 2023, it inherited an investigation over money the Nazis looted from European Jews. The issue now seems to be coming to a head in Washington.
The Chicago-based, $261 million-asset Metropolitan Capital Bank & Trust was placed in receivership and its assets sold to Detroit-based First Independence Bank, costing the Federal Deposit Insurance Corp.'s Deposit Insurance Fund an estimated $19.7 million.
Court documents reveal how a teller used the drive-through window and work email to aid a scheme that bypassed TD's fraud defenses.
