Chartway FCU, which is based in Virginia Beach, Va., said it is doubling the number of branches it has in this Texas market. The credit opened four new branches in the city's Southwest Central Business District on one day last week. Chartway said it is already the largest credit union in the Houston metropolitan market with more than 150,000 members in the area. Chartway entered Houston in 1983 when it absorbed InterContinental FCU, which served employees of of Continental Airlines through a merger. It also has 126 SEGs in the area.
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The Cincinnati, Ohio-based bank delivered third quarter earnings that mostly met expectations, even as it took a $200 million blow to credit.
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The Charlotte, North Carolina-based bank reported net income of $1.45 billion for the third quarter and earnings per share of $1.04, which beat analysts' forecast of $0.99 per share.
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Earlier in the day, Fed Gov. Stephen Miran chastised the Fed for wading into politics under the Biden administration, as he currently takes unpaid leave from President Donald Trump's top advisory council.
October 16 -
CEO Chris Gorman applauded what he sees as a transformation of bank regulation since President Trump took office. He described a shift from layers of exams and documentation to a streamlined focus on liquidity, capital and earnings.
October 16 -
Zions Bancorp. is among the latest banks to report material losses due to alleged borrower fraud. Stocks of regional lenders plunged on Thursday.
October 16 -
Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.
October 16