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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The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
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