BETHESDA, Md. - (06/16/05) -- Allpoint ATM network said a recentdeal with mid-Atlantic states credit union league has paid off big,helping the surcharge-free network to double it credit unionmembership over the past year to about 100, and 200 financialinstitutions overall. "We've had 30 credit unions signed thismonth, alone, the bulk of them in the three states," Ben Psillas,president of ATM National, the owner of Allpoint, told The CreditUnion Journal, of the recent deal with state leagues inPennsylvania, Maryland and Delaware. And the company is preparingto welcome two billion-dollar credit unions to the system: DeltaEmployees CU, Atlanta, and Hudson Valley FCU, Poughkeepsie, N.Y.,joining such other billion-dollar credit unions as Eastman CU,State Employees CU of Maryland, IBM Southeast Employees FCU andPentagon FCU, in the network. Allpoint offers access to more than32,000 ATMs nationwide, most of them in retaillocations.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
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Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
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Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
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Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
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CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
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Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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