DES MOINES, Iowa – Gary Peterson, president and chief executive of $70 million Financial Plus CU announced he will retire at year-end.
Peterson has served as chief executive for more than 14 years and has worked in the credit union industry for nearly 43 years.
The federal banking regulator issued conditional approvals for national trust bank charters for Bastion Platforms, Agora and Catena Labs on the same day.
The Federal Reserve's vice chair outlined the ongoing modernization efforts for the central bank's lending facility of last resort, including coordination with the Federal Home Loan Banks.
A new bill introduced by Sen. Katie Britt, R-Ala., would boost efforts to index bank regulatory thresholds in the Senate Banking Committee, where most of the focus to date has been on stablecoin and crypto.
As AI agents become more collaborative, creative and fast, banks need to defend themselves.
BCB Bancorp says red ink may top $130 million in the third quarter, as its new CEO moves to address credit-quality issues.
