MADISON, Wis. - (01/20/05) -- CUNA Mutual group said it signedwith Universal Conversion Technologies to help it with its currentdata conversion project. The credit union insurer is migrating fromtwo legacy policy administration systems to Professional DataManagement Again Inc.'s LifePRO platform. The conversion isscheduled to begin this month and be completed by June, with 32,000policies for hospital indemnity protection and hospital accidentprotection. The Life70 conversion is scheduled for completion inApril 2006 and will include 290,000 life policies.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
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A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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