Eight people here were given a chance to win a mall shopping spree valued at up to $10,000 from Citadel FCU. The eight finalists were selected at random from a sweepstakes at each of CFCU's branches. Once they arrived at the Exton Square Mall, the credit union created a "game show-like atmosphere, featuring a stage, music, and as host, CFCU SVP Mike Schnably. Each finalist was invited up onto the stage to select a prize box before Christine Smyth selected the grand prize box, and earning her the chance to spin the prize wheel to determine the dollar amount of prize. Her wheel spin netted her $7,500. Each of the seven second place prize winners received a $500 mall gift certificate. As other shoppers watched, Citadel representatives handed out prizes, including scratch off cards from Citadel, which granted some lucky shoppers instant gift certificates to the mall.
-
Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
March 28 -
The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
March 28 -
Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28