DEARBORN, Mich. - (05/01/06) DFCU Financial fed members freefood and handed out trinkets during an impromptu rally Saturday topromote the rescue of the board of directors who are currentlybeing threatened for recall for their support of the creditunions ill-fated bid to convert to savings bank. Two tentswere pitched outside DFCUs Fairlane branch to fete membersfor a special Appreciation Day, part of anunprecedented campaign to save the directors. The member fete waspart of a local media blitz being launched that includes billboardsand ads in all the local papers and the credit unionsvan patrolling the neighborhoodsall urging aNO on the recall. DFCU Owners United, themembers group organized the beat the conversion, haslaunched its own campaign with local radio ads to force the recall,according to Margaret Blohm, one of the leaders of the group, whodoubted the credit unions efforts to save the directors.I think thats going to work against them,Blohm told The Credit Union Journal Sunday. Meantime, the group hasnot been notified by the board whether will acknowledge a petitionfrom 1,760 members asking for a special meeting to vote on theboards dismissal.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








