EVANSVILLE, Ind. - (08/15/05) -- Evansville Teachers FCU has becomethe latest credit union to enter the used car business. The $375million credit union said last week it has purchased an11,650-square-foot building and almost two acres of land where itplans to operate a used car agency, called ET Motor. EvansvilleTeachers FCU also operates a real estate agency, called ET Realty,a travel agency, known as ET Odyssey, and offers home and autoinsurance.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
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A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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