ORANGE, Calif. - (03/27/06) In a throwback to the old daysof free toasters for new accounts, Wescom CU will give away avariety of goods here on April 1 to celebrate the opening of itsnewest branch here. Youths will be given free piggy banks and a $5deposit when they open a Kids Club Account; new checking accountswill be rewarded with $25 gift certificates to Albertsons, and $50worth of bill payments when signing on to the credit unionelectronic bill payment service; and free bags of groceries will begiven away throughout the day, as a DJ plays live music in thebackground. The credit unions 39th branch will be located inthe Santiago Hills Shopping Center.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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North Carolina-based First Citizens BancShares completes its acquisition of 138 branches across 11 states; City National Bank appoints Chad Lloyd senior vice president and head of RBC U.S. Mortgage; London-based payments processor Checkout.com launches its U.S. subsidiary in Georgia; and more in this week's banking news roundup.
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