TEXAS CITY, Texas - (11/02/04) -- Amoco FCU said it has honored itslong-time president and CEO George Ballis by naming its officeshere after him. Ballis, who originally worked for the creditunion's sponsor, Amoco Chemical and Amoco Oil Refinery, spent morethan 40 years at the credit union, becoming assistant manager in1965, then CEO in 1973. He oversaw the growth of the institutionfrom 4,000 members when he took over, to more than 40,000 membersand $350 million in assets when he retired in 1998.
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Banesco USA in Miami is among the banks that are eyeing the government-guaranteed lending program as a source of growth.
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The House Financial Services Committee unanimously passed bills that would give the Federal Deposit Insurance Corp. more options in resolving failed banks, including by waiving the "least-cost resolution" requirement in some circumstances.
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The Treasury official renewed a pledge to avoid hurting how mortgages trade in a Fox Business News interview as a new study highlighted one way to do that.
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A federal appeals court agreed to have the full bench rehear arguments by the Consumer Financial Protection Bureau's union about whether the Trump administration planned to gut the agency through mass firings.
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Daryl Byrd, who led Iberiabank until it was acquired by First Horizon, has assembled an investor group to acquire MC Bancshares and its subsidiary, MC Bank & Trust Co. in Morgan City, Louisiana. Byrd will become CEO.
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Nine banks and lenders were impacted by the yearslong, $923 million fraud enterprise, according to an indictment of top Tricolor executives. The banks were not publicly named, but JPMorganChase, Fifth Third, Barclays, Louisiana-based Origin Bancorp and Texas-based Triumph Financial have said they would take write-downs.
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