INDIANAPOLIS – The Federal Home Loan Bank of Indianapolis said Friday it will lower its dividend for the second quarter on B-1 shares to 4.5%, and on B-2 shares to 3.6%. This compares to a rate of 5% paid on B-1 shares and 4% on B-2 shares for the same period last year. The dividends will be paid in cash on July 24 to the FHLB’s 432 financial institution members in Indiana and Michigan, including 92 credit unions. The dividends at the Indianapolis Bank compare to second-quarter payouts of 5.6% at the Atlanta Bank, 5.08% at the San Francisco Bank and 4.91% at the Dallas Bank.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3