JAMESTOWN, N.D. - (02/14/06) -- First Community CU said it hassigned a three-year contract with Selient Inc., of Toronto, toimplement the company's Selient-PLUS, a loan origination andcross-selling applications. The lending application allows thefinancial institution to complete a loan transaction and providecross-selling opportunities. The system will integrate seamlesslywith the credit union's data processor, XP Systems.
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A bottleneck at the Small Business Administration in clearing federal small business loans because of the ongoing federal government shutdown is becoming an increasingly urgent issue for small and even some midsized banks.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
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A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
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