WASHINGTON - (06/13/05) -- Area credit unions are takingadvantage of the area's high-flying major league baseball teamswith a radio ad campaign that hits the air Monday capitalizing on abaseball theme. Radio ads emphasizing the difference between creditunions and banks are scheduled to begin airing in the Baltimore andWashington, D.C. featuring low-key conversations at a baseball gameabout the high-cost of traditional banking and the great serviceoffered by credit unions. The ads feature a diverse group of menand women and focus on the differences between credit unions andbanks. The ads will hit the local airwaves just as the WashingtonNationals have ascended to first place in the National LeagueEastern Division and the Baltimore Orioles fight to stay on top inthe American League East. The ads were financed by the Maryland CULeague's Co-Operative Ad Campaign and were tested in the ruraltowns of Cumberland and Salisbury last week.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
September 12