UPPER MARLBORO, Md. - (10/08/04) -- Prince George's Employees CU said ithas sold its credit card portfolio to InfiCorp. InfiCorp, anAtlanta-based subsidiary of First National (Bank) of Omaha, willissue cards on an agent basis for the credit union, which had 2,600card accounts and $3.3 million in receivables of as June 30.Financial terms of the deal were not released.
The $4.6 trillion-asset company's report comes after it committed to funneling $1.5 trillion into industries it said were important to national security.
Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.
The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
Former City National CEO Kelly Coffey has a new venture in wealth management; Erin Siegfried is Northwest Bancshares' new chief legal counsel and corporate secretary; Flagstar Bank secures OCC approval to merge its holding company into the bank; and more in this week's banking news roundup.
The regional bank has launched a digital student banking center that's part of a broader strategy to focus on relationship-building.
The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.
