WASHINGTON - (03/21/06) Contributions by CUNAspolitical action committee, credit unions largest PAC, werelargely geared towards helping the Texas congressional delegation,the target of an ongoing controversy over redistricting. CUNA madecontributions to candidates in 12 of the states 32congressional districts, including Joe Barton ($1,000); HenryCuellar ($2,000); Al Green ($2,000); Louie Gohmert ($1,000); EddieJohnson ($1,000); Lamar Smith ($1,500); Ruben Hinojosa ($1,000);Chet Edwards ($1,000); Lloyd Doggett ($1,000); Pete Sessions($1,000); Sam Johnson ($2,000); and John Culberson ($2,000).Several of the seats are expected to be closely contested as thefallout from the controversial 2004 redistricting continues intothe 2006 mid-term elections. CUNA also continued reaching out tocongressional leadership by funding their leadership PACs, withcontributions going to: The Blue Dog PAC ($5,000); The New DemocratCoalition PAC ($5,000); Mill to the Hill PAC ($4,000); and theRepublican Opportunity Network PAC ($5,000).
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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.
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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