SILVER SPRING, Md. - (08/13/04) -- Mid-Atlantic FCU opened its fourthbranch here Wednesday with a ribbon cutting ceremony that featuredlocal dignitaries. The $200 million credit union will becelebrating the new branch all next week with free gifts for newmembers signed at the new facility and a quarter-point discount onall new car loans granted at the branch. The grand finale nextFriday will feature free give-aways, games andrefreshments.
The failure of Kentland Federal Savings and Loan, the nation's smallest standalone bank at $3.7 million of assets, will cause an estimated $1.2 million hit to the deposit insurance fund, according to the Federal Deposit Insurance Corp. Kentland's failure is the third bank failure in 2026.
The stablecoin issuer has received final approval from the federal agency to open a trust bank division for custody of digital assets.
The Denver-based bank reported that two loans soured, one due to fraud. A number of other lenders reported sizable fraud-related losses last fall.
The Wyoming digital asset bank is requesting that the high court review previous decisions granting the central bank 'unbounded, unreviewable discretion' in light of its recent Cook and Slaughter rulings. A decision could impact how cryptocurrency intersects with the standard banking system.
U.S. Bank, Arvest, Old National, BMO and WaFd took the losses in a decade-long scheme the DOJ announced.
Brooke Pilant, who was at Ameriprise from 2017 to 2024, accused the firm of turning against her after she raised concerns about "unethical practices."
