BELLINGHAM, Wash. – The Bellingham Kids' Festival will take place this summer after all, thanks to a $10,000 sponsorship from GaPac Community FCU.
Bellingham Parks and Recreation Department announced earlier this spring that the event would have to be canceled this year because of budget cuts and staff constraints in the department, but the credit union came through to save the day.
The event is free to participants and was started 20 years ago by the credit union.
The Minneapolis-based bank is offering loans to providers planning to build practices from scratch — a reversal after years of serving only existing practices.
Since Michael Rhodes became its CEO, Ally Financial has gotten bigger by thinking more narrowly. Instead of growing the company's web of businesses, the company has exited some sectors while doubling down on what Ally does best: auto lending.
The global card network is working with cross-border fintechs like PingPong to help business customers use Visa to pay suppliers who don't accept credit cards.
The neobank partnered with Invest America to launch Compound Combine, in Jersey City, New Jersey, on Thursday evening with the support of the the Treasury Department, Council for Economic Education and New York Giants and New York Jets football players.
Governor Greg Abbott proclaimed Texas the "financial capital of America" at the Texas Bankers Association's annual convention; Columbus, Ohio-based Northwest Bank named Chad Ballard chief information officer; Deutsche Bank terminated some staff as a result of its client relationship with convicted sex offender Jeffrey Epstein; and more in this week's banking news roundup.
Farmers and Mechanics Federal Savings Bank in Bloomfield, Indiana, last turned a profit in 2023.
