The Defense Credit Union Council (DCUC) presented a check for nearly $22,000 to the Fisher House Foundation to help offset some of the costs incurred in caring for our troops and their families. The Fisher House Foundation donates "comfort homes," built on the grounds of major military and VA medical centers to enable family members to be close to a loved one during the hospitalization.
Execs say other banks are still more of a rival for deposits than the digital currency.
First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
