WOBURN, Mass. - (01/07/05) -- EasCorp CU announced it has sold itsALM First Financial Advisors LLC to the CUSO's president, EmilyHollis, and members of the senior management team. ALM First wasfounded in 1995 and provides asset liability management andinvestment services to more than 100 credit unions and has $8billion under management. Terms of the deal were notdisclosed.
The Federal Open Market Committee is expected to announce guidance on the end of its quantitative tightening program later Wednesday. As that process draws to a close, experts are questioning when and how the central bank should use its balance sheet to smooth economic stress in the future.
The Consumer Financial Protection Bureau is rescinding two rules issued under former CFPB Director Rohit Chopra that required nonbanks to register court orders, plus terms and conditions of contracts.
The payments giant had a "better than expected" fiscal fourth quarter, and said it expected that momentum to carry through the holidays. It's also looking forward to tailwinds brought by the Olympics and the FIFA World Cup in 2026.
Brian McEvoy, chief retail banking officer at Webster Five in Central Massachusetts, says community banks are in a unique position to serve more small businesses. He was a speaker Tuesday at American Banker's 2025 Small Business Banking conference.
The global financial services company is providing BaaS infrastructure to the digital asset branch of investment platform WisdomTree.
Park National Corp's $317 million, all-stock deal for First Citizens Bancshares would give the buyer a presence in markets that are expected to grow faster than its legacy Ohio footprint.
