SEATTLE - (04/28/06) -- American Airlines FCU became one ofthe first credit unions to claim a nationwide branch network withthe opening of its 43rd service facility at Kilroy Airport Centerhere Wednesday. "We are thrilled to say that we can now servemembers from Puerto Rico to Hawaii and from Boston to Seattle,"said John Tippets, president of the $4 billion credit union, whichis celebrating its 70th anniversary this year. The new branch willexpand the credit union's ability to serve all employees of the airtransportation industry, which American Airlines FCU expanded toserve with a TIP (trade, industry or profession) charter lastyear.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
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A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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