COLUMBIA, Wash. - (09/03/04) -- Dissident members of Columbia CU,who failed last spring to topple the controversial board ofdirectors, have fielded a slate of four candidates for next week'selections for the four open seats on the nine-member board. Thedissidents' candidates, including Columbia's former CEO SteveStraub, are among 12 candidates, including four incumbents, vyingfor the open seats. The dissidents are also running a slate ofthree candidates, including Lloyd Marbet, who started the rare bidto recall the board, for the three openings on the credit union'ssupervisory committee, which controls the election process. Thecredit union's member began receiving ballots in the mail this weekand the election will culminate in the credit union's annualmeeting Sept. 15. The group, angered by the credit union's failedbid to convert to a mutual savings bank, sought the unprecedentedrecall of the board at a special meeting in April, but theembattled board members narrowly held on to their seats.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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