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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The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
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The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
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