WASHINGTON - (06/16/05) -- NCUA said low-income credit unionsare eligible for economic empowerment grants of up to $1 millionprovided by the U.S. Department of Health and Human Services. Thegrants, under the Department's Assets for Independence Program, canhelp encourage savings for low-income members and their families,as in Individual Development Accounts. Credit unions can learn moreabout the program during two conference calls provided by theOffice of Community Services in HHS on June 20 and June 21. The AFIprogram announcement and other application information is posted onthe Internet at acf.hhs.gov/assetbuilding. Call the AFI ResourceCenter at 202- 401-4626 or send an email to AFIProgram@acf.hhs.govto request an application kit and other resources.
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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