WASHINGTON - (07/21/06) -- CUNA increased its focus last monthon supporting congressional newcomers as the campaign season heatedup, making contributions to seven candidates for open House seats.They include: Republican California Assemblyman Kevin McCarthy($5,000); Republican New York State Sen. Ray Meier ($5,000);Republican Nebraska State Rep. Adrian Smith ($5,000); RepublicanIllinois State Sen. Peter Roskam ($5,000); Democratic New YorkState Sen. Carl Andrews ($1,000); Democratic Iowa attorney BruceBraley ($5,000); and Republican Jeff Crank, a staffer with Rep.Joel Hefley, who is running for his boss's seat upon Hefley'sretirement ($5,000). CUNA has made contributions to more than 25congressional newcomers so far in the 2005-2006 elections. CUNAalso made contributions last month to three leadership PACs. Theywere: Democrats for the Future, run by Rep. Ellen Tauscher,D-Calif. ($2,500); Committee for the Preservation of Capitalism,run by Rep. Jim McCrery, R-La. ($5,000); and Back America'sConservatives, run by Rep. Richard Baker, R-La. ($5,000). CUNA hascontributed more than $250,000 to leadership PACs in the currentelection cycle.
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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.
March 20 -
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.
March 20 -
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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