ST. LOUIS Anheuser-Busch Employees’ CU has selected Vantiv for debit and credit processing services under a multi-year agreement.
"Not only does Vantiv make it easier to issue the latest cards and programs, it does so with a single point of customer service,” said Ron Kampwerth, senior vice president for the $1.4-billion credit union.
Vantiv, the former Fifth Third Processing Solutions, provides cards services for more than 800 credit unions.
Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., have released compromise language on stablecoin yield for a long-awaited crypto market structure bill, clearing the way for a markup in the near future.
The FDIC moved quickly on Friday to sell $288 million in assets Community Bank and Trust – West Georgia to Anchor Bank, but the sale announcement leaves the fate of $27 million in uninsured deposits to be determined.
Market watchers think Jerome Powell will maintain a low-key presence on the Fed board as he awaits the release of an inspector general report examining cost overruns at the central bank's headquarters.
Banner Bank is poised to merge with Bank of the Pacific in an all-stock deal valued at $177 million. The two Washington-based commercial banks both have branches in Washington and Oregon.
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San Diego County Credit Union won a court ruling that should help in its effort to get out of its deal to merge with a local competitor. A lawyer for SDCCU said he believes the judge's decision "signals the end of any merger between the two institutions."
