LAS VEGAS - (06/26/06) Credit union management shouldbe able to say what the CU is about in six words or less, whichwill help develop its brand. That was the message from Mark Arnold,senior vice president for Neighborhood CU in Dallas. Arnold, alongwith Harvey Briggs, executive vice president and director ofinnovation for Madison, Wis.-based development firm Lindsay, Stone& Briggs, led an educational session on building a lastingbrand at CUNA Mutual Groups Discovery conference hereThursday. Arnold said branding requires a long-term approach, a CEOwho serves as a brand champion and a staff that buysinto the brand. Briggs said the four keys to a strong brand arerelevance, differentiation, awareness and consistency.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
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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.
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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.
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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.
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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.
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The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
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