WAYCROSS, Ga. - (10/07/04) -- Atlantic Coast Federal Savings Bank,the converted credit union known until November 2000 as AtlanticCoast FCU, said it raised $58 million in an initial public offeringafter converting from a mutual savings bank. The credit union firstsold 5.8 million shares to depositors, then began trading theshares on the Nasdaq Tuesday under the symbol ACFC. The sharesclosed Wednesday at $12.30, up 8% from their $11.37 initial tradingprice.
A first look at the capital plan suggests it moves the real estate finance industry closer to changes it lobbied for, but the devil may be in the details.
Housing economists at ICE Experience 2026 predict mortgage growth but also say the home finance industry has yet to fully adapt to the disruption of this decade.
The Oklahoma community bank partnered with two digital asset companies to create a cross-border form of tokenized U.S. dollar deposits.
Grand Rapids-based Independent Bank Corp. has agreed to buy HCB Bancorp for $70.2 million — the buyer's first deal since 2017.
Participate, a loan participation network, has agreed to use tokenized dollars issued by Custodia Bank and Vantage Bank.
Royal Bank of Canada is rolling out AI across its businesses in an effort to become more efficient and generate more revenues. The Toronto-based bank recently created an internal AI accelerator that directly reports to CEO Dave McKay.
