The Credit Union Executives Society (CUES) inducted four people into its Hall of Fame during a special ceremony at its CEO Network here. Inducted were: Wayne Bunker, CEO of Provident Central CU, Redwood City, Calif., who was recognized for his career accomplishments and numerous volunteer roles; Pete Crear, EVP/COO with CUNA, who was inducted for a career that dates to 1965, including leading several leagues and league subsidiaries, a variety of volunteer positions, and helping to organize 23 CUs; Dennis Dollar, chairman of the NCUA, who while president of Gulfport VA FCU in Mississippi won several awards, and has also been active in a variety of civic organizations; and Stan Hollen, president of Liberty Enterprises, Mounds View, Minn., who was recognized for his leadership at Liberty, the company's support of the National CU Foundation, and his CU career, including nearly 20 years as president/CEO of The Golden 1 Credit Union, Sacramento, Calif.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
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Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
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Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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