ALBANY, Oregon - (02/27/06) Central Willamette Community CUsaid it has contributed $25,ooo to the Linn-Benton CommunityCollege Foundation to help fund the LBCC Science and HealthProject. The credit union funds will go toward sponsorship of aclassroom as part of the colleges science and healthrenovation. The LBCC Foundations is hoping to Raise $1 million forthe project.
Noninterest income at the Minneapolis-based company jumped more than 10% while asset quality improved and expenses held steady.
The bank technology company has released Smart Basket, which uses emerging artificial intelligence to improve transaction routing, a strategy that's quickly becoming table stakes for fintechs and financial institutions that offer payments.
The Canadian bank plans to sell the branches, which are mostly in the Midwest and Great Plains, to First Citizens Bank in North Carolina. At the same time, it plans to build 150 branches over the next five years in markets with longer-term growth prospects.
Bank of New York Mellon recorded another quarter of higher-than-expected revenue and earnings. Revenue for the third quarter rose 9% year over year, while earnings per share beat Wall Street's forecast by 12 cents.
During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
