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.
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The Richmond, Virginia-based bank expects to build 10 branches in Raleigh and Wilmington, North Carolina, over the next three years. M&A is on the back burner as the company also works to capitalize on its recent acquisition of Sandy Spring Bank in Maryland, CEO John Asbury said.
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The North Carolina bank is the latest lender impacted by the bankruptcy of U.S. auto parts maker First Brands. First Citizens executives said credit was in good shape overall.
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The agents could overcome the consumer inertia that keeps people in low-yield bank accounts, the consultants say.
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The credit card issuer added two programs with home goods retailers Raymour and Flanigan and Bed Bath and Beyond during the quarter while also increasing its stock buyback allocation and dividend payouts.
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A cohort of more than 100 Republican members of Congress sent a letter to Treasury Secretary Scott Bessent urging the administration to protect and fund a community lending program that has been gutted despite its legal mandate and Bessent's backing.
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The company's software automates much of the process of getting money transmitter, lending and other types of licenses.
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