RANCHO CUCAMONGA, Calif. - (08/04/04) -- The California CU League saidTuesday its chief lobbyist Chris Kerecman, widely credited withhelping to get HR 1151 passed and several important pieces ofcredit union legislation introduced in Congress, is leaving to takea job with California CU. Kerecman will serve as senior vicepresident of business and community development for the $1.2billion Glendale-based credit union, beginning Sept. 8. Prior tojoining the league in 1995, Kerecman served as chief of staff toNCUA Board member Robert Swan, then as the first head of theagency's community development office.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
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Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
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Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
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Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
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CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
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Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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