ST. PAUL, Minn. – Hiway FCU, the state’s fifth largest credit union, said it has merged with ailing Fort Snelling FCU, based in Minneapolis.
Fort Snelling, which has seen its assets decline from $38.2 million to $33.7 million over the past two years, reported losses of $450,000 for 2007 and $2.9 million for 2008.
Hiway has $780 million in assets and reported net income of $1.6 million for 2008.
Bank-favored provisions that were included into the House's version of a bipartisan housing bill threaten to derail Senate passage, but Senate Banking Committee moderates seem skeptical of the combination.
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The Ohio bank said its 2027 earnings per share will be lower due to an accounting revision linked to its acquisition of Cadence Bank. But CEO Steve Steinour remains sold on Huntington's expansion plans, calling the Cadence deal a "home run transaction."
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JPMorganChase, Citi and Custodia are among the banks that have built digital asset projects on the Ethereum blockchain.
The district's appeals court let stand a May 2025 ruling that dismissed most of the D.C. Attorney General's claims against EarnIn in a major win for the firm and good news for fintechs looking for favorable regulatory treatment.
