DAYTON, Ohio - (02/07/05) -- About 30 members of the DayMet CUemployees union, the Office and Professional EmployeesInternational Union, Local 98, went out on strike last week aftertheir contract expired. Union representatives said the union islooking for a pay raise, instead of annual bonuses, as employeeshave been compensated the past four years. The DayMet CU is thesecond credit union hit by a strike last week, joining Auto WorkersCU, in West Mifflin, Pa., outside of Pittsburgh.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
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New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
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The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
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Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
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The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
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