MADISON, Wis. - (08/17/04) Its early in the assessmentperiod, but CUNA Mutual Group said its Disaster Response Teamson-site in Florida have confirmed that credit unions suffered onlyminimal damage from Hurricane Charley. The most serious damage, thecompany said, appears to have been suffered by Lee County PostalCredit Union in Ft. Myers, Fla., where the roof was damaged and acomputer server remains out of service. Credit unions that suffereddamage are being urged to contact CUNA Mutuals DisasterResponse Line at 800-637-2676.
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Execs say other banks are still more of a rival for deposits than the digital currency.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
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The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
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The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12