TULSA, Okla. - (01/02/06) The wildfires that have streaked acrossportions of Oklahoma and Texas so far havent touched any ofthe credit unions in those areas, according to the Oklahoma CULeague and the Texas CU League. We do have credit unions inthose areas, but we dont know of any that have beenaffected, the OCUL said. We have not heard of anycredit unions that have been affected or any credit union membersor employees who have lost homes, said Allison Castle,TCULs communications director for advocacy. Most ofthese fires are in very rural areas and not really near any creditunion facilities. But with more warm, dry weather expectedover the next few days, more fires could crop up, so the entireregion is on alert. Fireworks on New Years Eve arepretty common, especially in rural areas, but most areas aredeclaring burn bans, which would include fireworks because Texas isjust like tinder right now, Castle noted. The mediahas really done a good job of reporting on this situation, sopeople should be aware of the ban.
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Execs say other banks are still more of a rival for deposits than the digital currency.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12