TALLAHASSEE, Fla. - (07/12/05) --Credit unions along the Gulf Coast ofFlorida and Louisiana and portions inland are still assessing thedamage from Hurricane Dennis, which followed by just 10 monthsnearly the same path as Hurricane Ivan. Alicia Blanda of theLouisiana league and Adena Whitman of the Alabama CU Leaguereported that credit unions in those two states were reporting nodamage. In Florida, there were reports of power outages but nosignificant damage. Escambia County Employees CU reported minorflooding, while Pen Air FCU in Pensacola was open Monday with threerunning ATMs and some storm damage to branch offices.
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The Pittsburgh-based bank's solid third quarter comes weeks after it announced it plans to acquire a Colorado bank for $4.1 billion.
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Bridge will join a number of digital asset firms vying for the coveted charter, seizing on the crypto-friendly environment in the second Trump term.
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Treasury laid off all of its Community Development Financial Institution Fund staff on Friday, with the reduction in force notices saying that the department plans on abolishing the fund.
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The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
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The megabank's multiyear effort to simplify its business model and improve its risk management is starting to pay off in the form of more consistent profitability and improved returns, CEO Jane Fraser told analysts.
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