HARRISBURG, Pa. - (03/14/06) -- Belco Community CU said it haspurchased an existing building in nearby Swatara Township where itplans to move its operations center. The credit union bought theformer Waypoint Financial Corp. operations center for just over $4million and plans to move there by early 2007. Belco originallyplanned to expand its operations center downtown but expansionthere was contingent on the construction of a major parking garage,which has been put off indefinitely. The credit union received acommunity charter in July that authorizes it to serve residents inAdams, Cumberland, Dauphin, Lancaster, Lebanon, Perry or Yorkcounties.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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The bank is launching KeyVAM, a virtual account management offering it designed with fintech Qolo. Both companies said the nature of the relationship was as important as the technology it produced.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27