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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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