WASHINGTON -- CUNA reported Friday it is spending $107,057 on TV and radio ads over the next week to support former Chamber of Commerce Vice President Jeff Crank in next week's Republican primary for the state's Fifth Congressional District House seat. Crank is a long-time staffer for Rep. Joel Hefley, who is retiring from the Fifth District seat this year. The ads were produced by Greener and Hook of Arlington, Va. CUNA also said it paid $29,099 for a third direct mailing boosting embattled Sen. Joe Lieberman, who is facing a tough challenge in the August 8 Democratic primary by anti-war candidate Ned Lamont. CUNA spent $87,297 on three mailings last week for Lieberman, a staunch credit union supporter.
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Todd Lane, the CEO of California Coast Credit Union, described an allegation by an executive at San Diego County Credit Union as "categorically inaccurate." The two institutions are locked in a legal fight after their agreement to merge turned contentious.
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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









