MIAMI - (03/09/06) Dade County FCU said it hasagreed to merge with Miami Beach FCU. The combination will create acredit union of about $430 million, serving about 85,000 members.The merger will add a branch adjacent to City Hall to Dade CountyFCU, giving it a total of eight. The credit union said it plans toopen three new branches over the next six months, and grow to 16offices by 2010.
Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.
The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
Former City National CEO Kelly Coffey has a new venture in wealth management; Erin Siegfried is Northwest Bancshares' new chief legal counsel and corporate secretary; Flagstar Bank secures OCC approval to merge its holding company into the bank; and more in this week's banking news roundup.
The regional bank has launched a digital student banking center that's part of a broader strategy to focus on relationship-building.
The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.
An updated deposit insurance reform bill from Sens. Bill Hagerty, R-Tenn., and Angela Alsobrooks, D-Md., would raise deposit insurance for business accounts to $10 million, exclude the largest banks from coverage and insulate community banks from footing the bill.
