NCUA Chairman Dennis Dollar has appointed NCUA Vice-Chair JoAnn Johnson to serve as the agency's designated representative on the Financial Literacy and Education Commission, a commission created by a newly enacted federal law which is designed to coordinate efforts among twenty federal departments with responsibilities to promote and implement financial literacy programs. "Financial literacy is a keystone component to the success of NCUA's Access Across America initiative," said Chairman Dollar in announcing the appointment. "This new commission will enable NCUA to coordinate with our fellow agencies in a systematic way to prioritize financial literacy wherever possible."
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Colony Bankcorp has reached a $163 million deal to acquire Florence, South Carolina-based First Reliance Bancshares.
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The Federal Deposit Insurance Corp. issued proposals Thursday that would reduce planning requirements for big banks and slash deposit insurance prices, citing the financial health of the Deposit Insurance Fund.
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