MORGANTON, N.C. - (08/30/04) -- A week after unprecedented creditunion intervention failed to boost the credit union-backedcandidate to victory in the Republican primary run-off, the racefor the state's tenth congressional district took another unusualtwist last week. Democratic Party leaders last week asked theircandidate, Anne Fischer, to withdraw from the race after her homewas foreclosed on by State Employees CU. Fischer said party leadersasked her to resign after learning she lost her home in theforeclosure and she had no job. Federal election rules allow aparty to require a candidate's withdrawal for criminal wrongdoingor financial malfeasance. The move came a week after State Rep.Patrick McHenry bested Sheriff David Huffman in the Republicanprimary run-off, despite an expensive last-minute add campaign byCUNA and the North Carolina CU League on behalf of Huffman, along-time member of the Local Government Employees FCU advisorycommittee.
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Oklahoma's Bank7 may acquire New Mexico's Century Bank by the end of the year. The reason: A wealthy Century shareholder is being forced to sell his shares to satisfy a $40 million debt.
July 6 -
Organizers of Bank of St. George were close to the finish line in 2020 when the COVID-19 pandemic arrived. Now CEO Bruce Jensen says the planned bank should open its doors by the end of the year.
July 6 -
Two executive orders pulled federal deadlines for quantum-proof encryption forward to 2030, after 2026 research cut the cost of breaking today's codes.
July 6 -
The need to scale quickly is adding new challenges to the build vs. buy debate
July 6 -
The private student loan market figures to benefit from Republican-led changes to the much larger federal program. But other consumer lenders could face a fallout as more Americans are forced to reconsider which debt payments to prioritize.
July 6 -
Even though RIAs reached a record size in four important metrics, experts say equity values are masking weaknesses in their organic growth.
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