WASHINGTON - (04/05/05) -- The Children's Miracle Networkbenefiting the nations children's hospitals won big from Sunday'sthird annual CU Cherry Blossom Run through 10 miles of the nation'sCapital, with $425,000 raised for credit union's pet charity. Morethan 10,000 runners, many of them prominent politicians orinfluential Capitol Hill staffers, coursed through the streets ofWashington, D.C., bearing the credit union logo. Credit unions havehelped raise more than $1 million for CMN during the three years ofsponsorship. "Everybody was pleased how it went this year. We hadgreat participation form area credit unions and credit unionvolunteers," Mark Wolff, chief spokesman for CUNA, told The CreditUnion Journal, of the dozens of volunteers helping out at the raceor participating in the weekend's other events, like the silentfundraising auction and banquet to start the festivities. Thisyear's winners, Kenyan John Korir, and Rumanian Nuta Olaru, eachtook home $6,000 prizes. The road race has raised more than $1million for CMN since credit unions took over sponsorship threeyears ago. Credit unions raised more than $7 million for CMN lastyear.
-
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