MINNEAPOLIS - (05/03/05) -- Elan Financial Services, a unit ofUS Bancorp, said it has acquired two more credit card portfoliosfrom credit unions. They are from Bellco FCU, Wyomissing, Pa., with$1.5 million in receivables and 1,040 accounts; and LakeshoreCommunity CU, Avon Lake, Ohio, with just $365,000 in receivables.Both deals were brokered by Keesler Financial Services ofBoston.
Richard Fairbank will receive the restricted stock units in recognition of his work related to the integration of Discover into Capital One, the company disclosed.
The National Conference of State Legislatures asked that leading lawmakers strike a provision in the Senate stablecoin bill that they say would preempt state authority to bar state-chartered special purpose depository institutions from operating in their state.
Some Wall Street investors are beginning to doubt whether the harshest outcomes of President Trump's tariff threats will materialize. But in the absence of certainty, banks still face real challenges in M&A and long-term strategy.
Main Street Financial's ouster of James VanSickle came three months after its chairman characterized the company's financial performance as being "on the upswing."
The Federal Reserve Board governor said higher import tariffs could have a "persistent" impact on inflation.
