LOS ANGELES - (09/07/04) -- In was a chilling way to start thelong weekend, 10 members of Water and Power Community CU meltedtheir way to some easy money Friday during the credit union'ssecond annual 'Cold Hard Cash' Labor Day contest. The 10contestants melted their way through life-sized ice sculptures tocash prizes ranging from $100 to $2,000. The 150-pound sculptureswere molded to represent the credit union's loan products (car,home, boat). One credit union member, Samantha Chea of Mire Loma,won an additional $1,000 by being the first to reach the frozenprize.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
October 24 -
Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
October 24 -
A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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