MAUMEE, Ohio -- Erie Shores CU said Monday it has hired The Lauerer Markin Group to develop a new market identity to better reflect its new field of membership. The $120 million credit union, created from the merger of Owens-Corning and Toledo Edison employees credit unions and serving 70 select groups, now serves residents of the surrounding Lucas County and six townships. LMG will provide the credit union with branding, public relations, member relations, advertising and promotional services.
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The auto lender's earnings outpaced Wall Street's expectations. But shrinking car inventories at dealerships, which stemmed from new tariffs, put a dent in Ally's lending.
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The Dallas-based lender, which reported a year-over-year decline in earnings, is anticipating increased loan activity and deposit growth later in the year.
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With the passage of the bill, large banks are looking into their own stablecoins or partnering with the sector, while concerns linger about state regulation, the separation of banking and commerce and the disintermediation of the banking system.
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The regional bank's cloud-based software platform will be one of the first of its kind, a top executive said Friday.
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The banking subsidiary of Western Alliance Bancorporation is discarding six brand names to unify under the Western Alliance Bank moniker; longtime JPMorgan advisor Vishal Idnani will join Western Alliance as its next CFO; First Community in Lexington, South Carolina, will acquire Signature Bank of Georgia; and more in this week's banking news roundup.
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