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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Banesco USA in Miami is among the banks that are eyeing the government-guaranteed lending program as a source of growth.
December 17 -
The House Financial Services Committee unanimously passed bills that would give the Federal Deposit Insurance Corp. more options in resolving failed banks, including by waiving the "least-cost resolution" requirement in some circumstances.
December 17 -
The Treasury official renewed a pledge to avoid hurting how mortgages trade in a Fox Business News interview as a new study highlighted one way to do that.
December 17 -
A federal appeals court agreed to have the full bench rehear arguments by the Consumer Financial Protection Bureau's union about whether the Trump administration planned to gut the agency through mass firings.
December 17 -
Daryl Byrd, who led Iberiabank until it was acquired by First Horizon, has assembled an investor group to acquire MC Bancshares and its subsidiary, MC Bank & Trust Co. in Morgan City, Louisiana. Byrd will become CEO.
December 17 -
Nine banks and lenders were impacted by the yearslong, $923 million fraud enterprise, according to an indictment of top Tricolor executives. The banks were not publicly named, but JPMorganChase, Fifth Third, Barclays, Louisiana-based Origin Bancorp and Texas-based Triumph Financial have said they would take write-downs.
December 17





