WEST JORDAN, Utah - (03/06/06) -- Mountain America CU is holding aquarterly drawing for an Apple iPod to encourage teens toparticipate in its Mountain Adventurer Account program. The accountis designed for teenagers who are learning how to manage theirmoney. Besides the quarterly drawings, the account gives teens theopportunity to open their own checking account and get a debit card(with a parent or guardian co-signer), and qualifies them for theMountain Climber Term Deposit. The credit union rolled out itsMountain Adventurer Account, Mountain Climber Term Deposit, and theMountain Explorer Account (for kids 12 and under) inOctober.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
September 12