DOWNEY, Calif. - (03/22/05) -- Financial Partners CU announcedMonday a three-year deal with SBC Communications Inc. to provide itwith bundled telecommunications services. Under the agreement,valued at $750,000, SBC companies will provide the credit union'sheadquarters here with local, long distance, audio conferencing,and Voice over Internet Protocol (VoIP) services. The contractrepresents a new revenue source for SBC because the $620 millioncredit union is converting from a competing telecommunicationsprovider.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
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New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
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The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
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Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
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The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
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