AUBURN HILLS, Mich. - (08/09/05) -- Cornerstone Community Financial (CU)is trumping all of the local competition with a one-year CD at 10%for a deposit between $500 and $2,500. That's double the rate paidfor the national average of 4.30%. To receive the high rate, new orexisting members must open an active Cornerstone CommunityFinancial checking account or sign up for direct deposit.Cornerstone Community Financial CU was formerly known as Mo-ParFCU.
Opportunity favors the prepared, and Cambridge Savings Bank had been saving for years to buy a nearby rival. Now, as the mutual bank announces plans to acquire First Seacoast Bank, it says it's found "the right deal at the right time."
Federal Reserve Gov. Michael Barr said Tuesday that the U.S. energy sector is more insulated from shocks than Europe's, particularly in natural gas prices. However, he warned that the war is pushing up gasoline prices, which could spill over into other parts of the economy.
If a card is immediately not easy and safe to use in an external app, consumers will quickly turn to another card, executives from Regions Bank, Pinnacle Financial Partners and Barclays warned American Banker's Payments Forum.
The payments company said payment volume increased, but net income decreased compared to 2025.
Carter Bankshares wants to widen its footprint in the Carolinas and may look to buy a bank, especially in South Carolina, where it set up a loan production office in November. The Virginia bank recently resolved a long-running dispute with a major commercial borrower.
CEO Brian Armstrong said the company will flatten its org chart to five management layers and concentrate hiring around "AI-native" pods.
