VANCOUVER, Wash. - (12/17/04) -- Columbia CU said Thursday that DavidDoss, the president and CEO who angered many in the credit unionmovement by last year's unsuccessful bid to convert the creditunion to mutual savings bank, is leaving to head Arizona StateSavings & CU. During his eight years as head of Columbia CUDoss helped build the credit union from just $200 million in assetsinto the largest local financial institution with almost $700million. But Doss will forever be remembered for his role in thecredit union's unsuccessful conversion bid, which NCUA foundtainted with voting irregularities. One observer noted that Doss'sdays were probably numbered since the opponents of the conversionbid won three seats on the credit union's board and hope to win amajority of the nine seats in this spring's elections. ArizonaState Savings & CU has $950 million in assets and 119,000members.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3