PHOENIX - (12/29/05) Desert Schools Federal Credit Union hascome to the resuce of several families who have been displaced hereduring the holidays by Hurricane Katrina. The credit union joinedwith the Salvation Army and its Adopt-A-Family program to bringpresents and other holiday joy to the displaced families. For some,this included a computer donated by Desert Schools, as e-mail hasbeen a primary means of contact with families either back home ordisplaced to other cities. Through the course of the project, 20families received over $4,000 worth of donated toys, clothes andother useful items. Five of those families indicated a need for acomputer and were provided one.
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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