OLYMPIA, Wash. - (02/14/05) -- Twin County CU said Friday it hasagreed to combine with Harborstone CU to create the state's thirdlargest credit union with $1.1 billion in assets serving more than120,000 members. The new credit union giant will be the 95th creditunion with more than $1 billion in assets. The combined entity willhave as its home Lacey, where Twin County CU is currently buildinga new headquarters and Marshall Ellison, current president of TCCU,will be president/COO. Harborstone's Rick Schmidtke will be CEO.Twin County CU was chartered in 1938 to serve teachers in ThurstonCounty; while Harborstone CU was started in 1955 to serve McChordAir Force Base in Lakewood. The new credit union will trail onlyBoeing Employees CU and Washington State Employees CU as thestate's largest.
-
Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
March 28 -
The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
March 28 -
Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28