EAST LANSING, Mich. - (08/31/05) -- Michigan State University FCU saidit has acquired a 33 acre plot near the university campus off ofInterstate 27 where it plans to build a new headquarters. The $1.2billion credit union's current facility on campus will bemaintained as the campus branch. The new administration buildingwill consist of 100,000 square feet and house a full-service branchon the first floor. The architects for the project Daniels andZermack Inc., with Workstage designers and builders hired to buildan environmentally conscious green facility. The design will aimfor sustainable site planning, the reduction of water usage, energyefficiency, material and resource conservation and a healthynon-toxic environment for employees. There will be substantial useof natural light to save energy and make for happier, moreproductive employees.
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Execs say other banks are still more of a rival for deposits than the digital currency.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
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The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
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The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12