PALATINE, Ill. - (10/22/04) -- Credit union employees will be seenwalking the neighborhood on the final days of the campaign forembattled Rep. Phil Crane, the longest-serving Republican inCongress and a staunch credit union-defender, currently in a closerace for his 19th term in the House. "The Crane race is the bigone," said Don Edwards, chief lobbyist for the Illinois CU League.Ewards noted Crane was one of a half-dozen members of thetax-writing House Ways and Means Committee to sign a letter to thePresident earlier this year endorsing the credit union taxexemption, and remembered Crane's support for the exemptionextending back for decades. "I've got a letter from him going backto 1990 supporting us on the tax issue when Bush senior wanted totax us," Edwards told The Credit Union Journal. The league hasprovided 500,000 newsletter-stuffers for eight credit unions inCrane's district explaining the senior Congressman's long-timebacking for credit unions. Crane is reported to have a narrow leadgoing into election day over Democrat Melissa Beane, who he handilybeat in 2002.
-
The Chicago-based, $261 million-asset Metropolitan Capital Bank & Trust was placed in receivership and its assets sold to Detroit-based First Independence Bank, costing the Federal Deposit Insurance Corp.'s Deposit Insurance Fund an estimated $19.7 million.
January 30 -
Court documents reveal how a teller used the drive-through window and work email to aid a scheme that bypassed TD's fraud defenses.
January 30 -
U.S. Bancorp shuffles management as COO Souheil Badran announces his retirement; Stock Yards Bancorp agrees to buy Field & Main Bancorp; Citi's wealth business hires Mercer's Olaolu Aganga for a newly created role; and more in this week's banking news roundup.
January 30 -
Former Fed Gov. Kevin Warsh is a relatively known quantity to financial markets, but his embrace of President Trump's agenda and the White House's own contentious relationship with the central bank make it hard to know with certainty where — or even whether — he will lead the Fed.
January 30 -
The Long Island-based bank returned to profitability during the fourth quarter of 2025. The results mark "a significant milestone" in the bank's turnaround plan, CEO Joseph Otting said.
January 30 -
The neobank was bullish on cryptocurrency and stablecoins, which could provide tailwinds as it looks to launch new products including crypto-based lending, institutional trading, and correspondent payments and settlements via stablecoins.
January 30





