MANCHESTER, N.H. - (07/20/06) Gilberte Boivin Brosseau, thelast living person to have been present at the 1908 opening ofAmericas first credit union, St. Marys Bank, passedaway last week. The 101-year-old Brosseau, the daughter of thepresident of St. Marys Bank, met at the opening withAlphonse Desjardin, the famous Quebecois credit union pioneer, andMonsignor Heve, who was the driving force behind the formation ofSt. Marys Bank. Ms. Brosseaus childhood home was alsothe offices of the original St. Marys Bank and today is hometo Americas Credit Union Museum on Notre Dame St. Sheprovided organizers of the museum with details about the way thecredit union office and family home looked in 1908. Ms.Brosseaus father, Joseph Boivin, was a practicing attorneywho became president of the credit union when it wasformed.
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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