JACKSONVILLE, Ark. - (11/04/04) -- Arkansas FCU said it will paymembers a 3% bonus dividend effective for the 4th quarter of 2004.The bonus will boost the APY on members share savings accounts forthe quarter to 4%, and marks the eighth bonus dividend paid in theprevious 11 years to members. The $382-million AFCU serves 58,000people.
As JPMorganChase, Wells Fargo and others chase a potential $15 billion deal to buy Fiserv's Star network, experts say the growth of AI-powered transactions and competition among bank technology firms will make debit routing a hot commodity, portending more M&A and placing pressure on traditional card networks.
A $160 million deal to merge Hometown Financial Group subsidiaries and Primary Bank will lead to consolidation under a single brand name of TruNorth.
Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday morning that she is working with other regulators around the world to emphasize innovation in the banking sector, including with artificial intelligence.
The new Fed is going to do less talking, if Kevin Warsh has his way. But talking is a powerful tool the Fed can use to get what it wants.
Market watchers say it is plausible that regulators will have established rules of the road for tokenized bank deposits by next year. But to get there, many outstanding issues will need to be ironed out first.
Oklahoma's Bank7 may acquire New Mexico's Century Bank by the end of the year. The reason: A wealthy Century shareholder is being forced to sell his shares to satisfy a $40 million debt.
