ONTARIO, Calif. - (05/26/06) -- The CO-OP Network announced Thursdayit is changing its name to CO-OP Financial Services to reflect abroader array of services it provides credit unions. CO-OPofficials during the company's annual meeting in Las Vegas agreedto change the name of the organization to focus on products andservices beyond the electronic funds transfer network, includingshared branching, fraud protection, ATM processing and driving, andcard services. The company will retain the CO-OP Network as itsconsumer brand, negating the need to change names on any ATM signsor cards. CO-OP is the largest credit union-owned financialservices network and provides services to more than 2,000 creditunions. The company celebrates its 25th anniversary thisyear.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17