SYRACUSE, N.Y. - (03/16/06) Countryside FCU is offeringsuch a high rate on its 12-month CD its management might be accusedof madness. The credit union in this hotbed of college basketballis offering a special promotion called March Madness CertificateSpecial which will reward any member who picks the final four teamsin this months college basketball championship an extra 1%bonus on a 12-month certificate. The minimum APY of the CD is 4.90%and the minimum deposit is $2,000. To get the extra 1% you mustsubmit your choice of the final four teams, the final two teams andthe national champion by March 22th. You get a bump of 0.1% foreach correct team in the final four, 0.2% for each correct team inthe final two and 0.2% for the champion.
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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