BROCKTON, Mass. – Crescent CU will mark celebrate its 90th anniversary today with cake and coffee for the public.
The $350 million credit union, chartered June 18, 1919 to serve employees of the Tarlow Cut Sole shoe factory, will also hold a drawing for a flat-panel, widescreen HDTV and other prizes as part of the celebration.
Crescent now serves more than 44,000 members, with branches in this suburb west of Boston, as well as in Norwell and Taunton.
Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
North Carolina-based First Citizens BancShares completes its acquisition of 138 branches across 11 states; City National Bank appoints Chad Lloyd senior vice president and head of RBC U.S. Mortgage; London-based payments processor Checkout.com launches its U.S. subsidiary in Georgia; and more in this week's banking news roundup.
