PONTE VERDRA, Fla. - (11/17/04) -- Global Axcess Corp., operator of anewly owned fleet of ATMs, reported third quarter income of$152,000, or zero cents a share, up slightly from $147,000 for thesame period last year. Revenues rose 24% for the quarter to $3.2million. For the first three quarters of the year, the companyreported a 14% rise in revenues to $9 million, and $609,000 in netincome, or a penny a share. The company operates a fleet of 2,700ATMs which it makes available to credit unions and community banksthrough a co-branding program known as 'Branded Cash.'
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The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
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Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
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The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
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In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
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To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker's Payments Forum.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
April 25