CHARLOTTE, N.C. - (01/11/05) -- Charlotte Postal CU said it hasobtained approval form state regulators to expand statewide,serving all current and retired postal employees in the Tarheelstate. The $46 million credit union also said it has reached anagreement to merge with Triad Postal CU in Winston-Salem and haschanged its name to Carolina Postal CU. Triad Postal CU has fouroffices in North Carolina and $17 million in assets.
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The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it's unusual, as the most well-known stablecoins are on public ledgers, tech firms are warming to the idea.
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Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
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The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
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Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
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The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
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Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
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