WILBRAHAM, Mass. - (06/06/06) -- Financial Service CentersCooperative continues to expand its shared branching network acrossthe nation and announced Monday deals to add ValleyStone CU in thiswestern Massachusetts town, as well as UMass Five College FCU, innearby Hadley, Mass., as outposts. Both credit unions, the first inwestern Massachusetts to join the system, will officially becomepart of the network this fall. FSC is the nation's largest sharedbranching network with connections to more than 2,200 credit unionbranches in the U.S., Italy, Japan, Puerto Rico, Germany andKorea.
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Clients with concentrated stock holdings might be better off turning their portfolios into ETFs in a tax deferral transaction called a Section 351 conversion.
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The customer-sourced investment will continue to support the digital banking provider's AI and digital loan origination initiatives.
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Banks are posting record profits, benefitting from being in the middle of a hot credit cycle. Everything is going their way. The only question is, how long can it last?
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A coalition of 20 state attorneys general, most of them Democrats, is opposing efforts by the high-cost lenders Enova International and Opportunity Finance to acquire banks. The state AGs warn that the companies are trying to dodge state interest-rate caps.
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FINRA's annual snapshot shows how the wealth industry is changing, from key business metrics and marketing trends to shifts in registration and a shrinking branch footprint.
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The regional bank revealed plans Thursday to close most of its supermarket-based branches and replace about half of them with new, nearby standalone branches. The multiyear transition could attract $20 billion to $30 billion in low-cost deposits, executives said.
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