Credit Union ONE has reached an agreement with Oakland University to be its exclusive on-campus financial service provider. The credit union plans to offer an enhanced identification card for students, faculty, and staff called the SpiritCard Plus, which has ATM and MasterCard debit capabilities. It will also function as a building admittance key and library card as well as access card for purchases at the university's dining and retail centers, and bookstore. Cardholders can also use the SpiritCard Plus to perform PIN- and signature-based debit transactions. Other plans call for Credit Union ONE to open a branch on-campus and to co-brand a website and marketing materials.
-
Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17