BOSTON - (03/09/06) City of Boston CU, locatedinside City Hall, has applied to expand its wings to cover three ofthe states most populous counties, the Department of Bankingsaid Wednesday. The bid would allow the $200 million credit unionto serve almost half the Bay States population, living inSuffolk, Norfolk and Middlesex counties. Separately, Premier Sourcein Springfield has been approved to serve almost 700,000 residentsof the two western Massachusetts counties of Hamden and Hampshire,which includes students and faculty at more than a dozen collegesand universities. Also, Freedom CU, in Springfield, has applied tothe state regulator for permission to sell insurance.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
3h ago -
Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
3h ago -
Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
4h ago -
Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6





