VANCOUVER, Wash. - (02/28/05) -- iQ CU said it has agreed to combinewith City Employees of Clark County FCU to create a credit unionwith $306 million in assets and 37,500 members. The new creditunion will bear the iQ CU moniker. The merger is expected to becompleted by April 1.
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., is urging the Federal Deposit Insurance Corp. not to approve new Industrial Loan Company charters until Congress passes a law subjecting ILCs to bank holding company rules.
Banks and credit unions are steering away from stablecoins chiefly due to lack of customer demand, per new American Banker research.
The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it's unusual, as the most well-known stablecoins are on public ledgers, tech firms are warming to the idea.
Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
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.
