Seeking to raise awareness of a new ATM location and its new community charter, Georgia Federal Credit Union mixed in some $50 bills with $20 bills inside the new ATM. It then tied the promotion to the Twilight Criterium Bike Race with newspaper ads, posters and flyers headlined, "Race to the GFCU ATM and win free cash." The event draws 30,000 attendees. The $360-million Georgia Federal's new charter is open to anyone who lives, works, worships, volunteers, or attends school in Clarke County. Its new branch is the first in the county.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
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New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
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Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
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The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
9h ago