ONTARIO, Calif. - (10/08/02) -- The CO-OP Network said it continuesto expand its sites northwards with a new deal connecting its firstCanadian credit union to the credit union-owned electronic fundstransfer network. The agreement with Civil ServiceCo-operative Credit Society (CS CO-OP) of Ontario, Canada, is TheCO-OP's second Canadian deal, following last year's arrangementthat placed more than 1,000 ATMs in the Quebec and Ontarioprovinces. "As our agreement with CS CO-OP credit union shows,CO-OP Network has entered a new era where we're seeking to broadenour expansion inside and outside the United States," said CO-OPNetwork President Robert Rose. "This agreement actually has addedbenefits for both parties. One of CO-OP Network's growing marketsis in the southern part of the United States. This also happens tobe an area where quite a few CS-CO-OP cardholders travel whenwinter rolls around in Ontario.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17