ROCHESTER, Minn. - (01/26/06) Think CU has acquired anine-acre site at a former horse farm here where it plans to builda new branch. The credit union, formerly IBM Employees CU, boughtthe property for $1.2 million. The property has been used board andtrain Arabian horses for the past 50 years but is being developedas the city moves farther outside the downtown.
Experts say that compliance with a potential executive order being considered by the White House that would require banks to collect citizenship information would be costly, especially for community banks.
Brady, Key's chief information officer since 2012, resigned Monday due to "personal health considerations," the Cleveland-based bank said in a securities filing. Chief Financial Officer Clark Khayat will assume her duties.
As the Trump administration limits access to only U.S. citizens, volume in the Small Business Administration's flagship loan program is already trailing the 2025 pace. Experts predict that the tighter eligibility criteria will send more loans to nonbanks.
Experts say regulators will be looking more closely at know-your-customer compliance in the wake of U.S. strikes on Iran.
Charles "Chuck" Parcher will replace Dennis Shaffer as president and CEO of the Sandusky, Ohio-based community bank. Shaffer is set to retire in late August.
With the likes of Amex and JPMorganChase upgrading card perks, BofA is expanding no-fee access to more customers and products and adding incentives.
