SANDUSKY, Ohio - (08/23/05) Joe Nesbitt, a co-founder and for atime also president of Ford Motor Credit Union here has died ofleukemia. Mr. Nesbitt was 81. Founded in the late 1950s, today thecredit union is known as Erie Community FCU. Mr. Nesbitt, who alsoserved on the credit union's board, was very active with theCouncil of Automotive Credit Unions.
The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
AlumniFi, the digital banking arm of Michigan State University's official credit union, is now an official bank partner for the NCAA's Big East conference.
A failure at an Amazon Web Services data center in Virginia caused widespread outages, hitting services at several banks and fintechs.
