DECATUR, Ill. - (01/30/06) Earthmover CU said Friday ithas donated $50,000 to an endowment for CommunityWorks, a fund thatwill be used to support local non-profit organizations inchildcare, workforce development and land use preservation.Donations to the fund, to be administered by The CommunityFoundation of Decatur/Macon County, will be matched by the GrandVictoria Foundation, of Elgin. The Foundation has about $4.4million in assets and has provided almost $1 million in grants tolocal non-profits. The credit unions $50,000 gift coincideswith its 50th anniversary.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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