At a ceremony at the Senator Inn in Augusta that included Gov. John Baldacci in attendance, Maine's credit unions presented a check for $214,743 as part of the 2004 Maine Credit Unions' Campaign for Ending Hunger campaign. It is the second consecutive year that the Campaign has topped the $200,000 fundraising mark and the eighth consecutive year the Campaign has set a new record. Last year's Campaign raised $209,035.75. With the 2004 total, the Maine Credit Unions' Campaign for Ending Hunger has now raised and distributed more than $1.75 million since it began in 1990 Seventy-five of the seventy-six Maine credit unions as well as eight chapters in the state particpated.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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