FORT WAYNE, Ind. -- Fort Financial CU and Financial Members FCU, based in nearby Auburn, Ind., have received regulatory and membership approval to merge.
Fort Financial CU, formerly Dana FCU, has $180 million in assets, and serves over 40,000 members with 11 full-service branch locations. Financial Members FCU serves the community charter of DeKalb County and holds approximately $4 million in assets.
The merger will be finalized on August 24.
The Federal Reserve governor's term was set to expire in January and President Donald Trump has made it clear that she would not be reappointed. The vacancy will give Trump an opportunity to appoint someone new to the central bank's board.
Direct-to-consumer earned wage access provider EarnIn is rolling out Live Pay, a service that "streams" consumers' paychecks via a Visa card. It's a model banks could replicate.
Deal for Clay County Savings Bank leaves Verimore Bank primed to add market share in a fast-growing Kansas City neighborhood
Columbus-based Northwest Bancshares finalized its acquisition of Penns Woods Bancorp; Barclays becomes the second U.K.-based bank to leave the Zero Banking Alliance; BankUnited announces the appointment of Michael Mitchell as executive vice president, director of branch banking; and more in this week's banking news roundup.
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The Cleveland bank is working with Personetics to provide advice and help to digital banking customers that takes into account their circumstances, current transactions and history.
