FAIRFAX, Va. - (04/27/06) Apple FCU, which serves theeducation community in northern Virginia, donated 31 trees toRobert E. Lee High School in nearby Springfield, Va., to mark thisyears Arbor Day, celebrated every year on April 28. The 21Colorado Blue Spruce and 10 Redbuds, recommended for NorthernVirginia the National Arbor Day Foundation, will be used foreducational purposes and planted on the school grounds. The treeswere meant as a symbol for growth by Apple FCU and were cared foras saplings for several weeks by departments in the credit union.The partnership between the $750 million credit union and theschool was rooted in 1995 when the areas first student-runcredit union was established by Apple FCU at the school.
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Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
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Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
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The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
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The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
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American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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