Mid-States Corporate FCU has named Minnesota credit union executives to serve on a newly formed Minnesota Advisory Group. The group will serve in an advisory capacity to Mid-States' board of directors and management on matters of concern to the Minnesota membership and follows the merger of Minnesota Corporate with Mid-States. The members are: Pat Brekken of Richfield Bloomington CU; Gene Carroll of Pipefitters Steamfitters CU; Linda Given of Co-op CU; Bonny Godtland of IBEW 110 FCU; Gail Krall of Minnesota Power Employees CU; Lon Krueger of Hormel Employees CU; Pam O'Connell of Heartland CU; Bill Raker of US Federal CU; Don Rutten of Red Wing CU; Dan Stoltz of Twin City Co-ops FCU; Dave West of Otter Tail Power Employees CU. Two former Minnesota Corporate board members have been named to the Mid-States' board: Kyle Markland of Affinity Plus CU and Steve Ahlness of Greater Minnesota CU.
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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.
September 12 -
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.
September 12 -
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