WASHINGTON - (10/25/04) -- A $5,000 contribution to Coloradosenate candidate Ken Salazar; $1,000 for Rep. Mark Foley ofFlorida; $500 for Rep. Mike Doyle of Pennsylvania. CUNA's politicalaction committee has been feverishly doling out campaigncontributions to candidates from Maine to California over the pasttwo weeks--$140,000 to 90 different candidates, all distinguishableby their avowed support for credit unions. "I feel a little likeGeorge Steinbrenner in that Visa commercial," said CUNA politicaldirector Richard Gose, referring to the television ad showing theNew York Yankees owner with an injured hand from writing too manychecks. "We've been spreading it out quite a bit, now that it'sdown to the wire," Gose told The Credit Union Journal. Among thecandidates receiving the maximum allowable $5,000 contribution forthe general election in the past two weeks are: Reps. John Dingell,D-Mich., Carolyn Kilpatrick, D-Mich., Fred Upton, R-Mich., VernonEhlers, R-Mich., and newcomers Thelma Drake, R-Va., and JeffFortenberry, R-Neb. CUNA has made over $2.6 million in campaigncontributions during the current election cycle, including almost$300,000 to 140 candidates over the past six weeks.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17