The Minnesota Credit Union Network has named as its Outstanding Credit Union Volunteer of the Year Ron Nevala of Anoka Hennepin CU, six-year chairman and board member since 1996. Nevala was recognized for playing "an instrumental leadership role in the dramatic and continued growth of his credit union, and is dedicated to supporting credit unions on the local, state and national levels." The Outstanding Credit Union Professional of the Year Award went to Steve Ahlness of Greater Minnesota Credit Union. "Under 27 years of his leadership, GMCU now has five branch offices and assets have grown to exceed $138 million dollars," said the MCUN, also pointing to Ahlness' ongoing participation in governmental affairs at the state and federal levels.
-
At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
9h ago -
New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
9h ago -
According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
10h ago -
The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
10h ago -
Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
11h ago -
The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
11h ago