GULFPORT Miss. - (02/15/06) -- More than 340 credit union employeesand volunteers around the state still recovering from HurricaneKatrina got a special Valentine Tuesday-- a rose and a $200 check.An accompanying card reminded the recipients 'You are part ofsomething much bigger than you may ever know.' The Valentine's Daygesture was courtesy of Southeast Corporate FCU and the MississippiCU League as a means of extending hope and caring and a reminderthat the credit union community has not forgotten the workers, manyof whom still repairing their homes or living in temporaryquarters. The staff and volunteers had been identified through agrant process for victims of the massive storm.
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The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it's unusual, as the most well-known stablecoins are on public ledgers, tech firms are warming to the idea.
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Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
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The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
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Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
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The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
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Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
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