SAN FRANCISCO - (01/03/06) The Federal Home Loan Bank ofSan Francisco announced Friday it plans to boost its fourth quarterdividend to 4.57%, up from 3.97% for the fourth quarter in 2004.The figure is a projection for the fourth quarter because the bankhas yet to close the books on 2004. The dividend will be paid tothe regional banks 340 financial institution members inArizona, California and Nevada, , including 50 creditunions.
The Saginaw, Michigan-based credit union brought its credit card program back in-house to capture more member spending and gain added control over customer relationships. Previously, its credit card program was managed by a third-party vendor.
Megan Ryan joins American Banker from the Chicago Fed, bringing insights on the payments industry exclusively for subscribers.
The New York-based bank, which serves plaintiff law firms, agreed to pay $348 million for a Windy City community bank.
A New York state bill would reduce the barrier for minority-bank and community-bank participation in the state's long-standing Banking Development District program.
A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
