LANSING, Mich. - (12/22/04) -- Flags flying over the state capitolwere lowered to half-staff last week to mark the passing of formerState Rep. Frank Fitzgerald, who served as the state's chiefbanking and credit union regulator from 1999 to 2003. Fitzgerald,one of the architects of last year's credit union reform bill, diedDecember 10 of a ruptured aorta, at 49 years old. A Republicanappointee, Fitzgerald was forced out as director of the state'sOffice of Financial and Insurance Services in April 2003 andsucceeded by Linda Watters soon after Democrat Jennifer Granholmtook office.
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The effort to establish rules governing consumers' access to their financial data has been effectively derailed by litigation, moves made by the Trump-era CFPB and JPMorganChase's decision to start charging data aggregators for access to customer data.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17