RALEIG, N.C. - (09/14/05) -- Coastal FCU said it has signed asecond multi-year contract with Time Warner Telecom to provide allof its voice, video and Internet services for its network ofbranches, headquarters, ATMs and disaster recovery site. Thecompany is currently installing IP-based Virtual Private Networkservices to 21 Coastal FCU ATMs, which will be completed inOctober. Earlier this year, Time Warner Telecom installed VersiPak,a bundled voice and data network solution, in all of the creditunion's locations. The company also installed a wide-area metroEthernet solution called Extended Native LAN and Ethernet InternetService with 100 Mbps connectivity between Coastal FCU's Raleighheadquarters and its Charlotte data facilities for businesscontinuity.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
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Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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