CUNA said its political action committee raised $103,000 last month but only spent $58,000, helping it rebuild its campaign warchest to $346,000. CUNA's cash on hand, one of its highest figures ever, is still less than half the $810,000 warchest held by the American Bankers Association, the most powerful bank PAC. The biggest contributions last month went to: Reps. Adam Smith, (D-WA), $2,500; Hilda Solis (D-CA), $2,500; Ken Calvert (R-CA), $2,000, and Scott Garrett (R-NJ), $1,500.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17