VANCOUVER, Wash. - (07/13/06) The supervisory committee atColumbia CU weighed in on the ongoing controversy over the pendingboard elections Tuesday by allowing members to make the rules forthe voting. In special meeting July 22 members of the $720 millioncredit union will be asked to vote on the following questions:should candidates be permitted to make 500-word statements in theColumbia Community CU voters pamphlet and on the Web site forannual elections? should the credit union be prohibited fromendorsing and promoting candidates for elected credit union seats?And should credit union officials be prohibited from spending thefinancial institution's funds to promote specific candidates forthese seats? The vote is a response to the three-year-old battleover control of the credit union, torn apart by the 2003 failedattempt to convert Columbia CU into a mutual savings bank. Membersare scheduled to vote on three board of director seats and foursupervisory committee positions, which will culminate in the annualmeeting on August 29.
-
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
2h ago -
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
7h ago -
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
7h ago -
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
8h ago -
Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
8h ago -
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
10h ago