ALEXANDRIA, Va. - (07/14/06)--The first of what is expected to be anumber of state-chartered credit unions in Missouri have begunpetitioning NCUA to convert to a federal charter, as the bankers'field of membership lawsuit has left them all in limbo. The NCUABoard announced Thursday it will vote next week on an aplicationfor Aerospace CU, one of the Show-Me State's biggest credit unions,for a federal community charter. The credit union is among 10 ofthe largest state charters in Missouri left in a void by a statecourt ruling invalidating the state's FOM rules, among the mostliberal in the country. The credit unions are expected to appealthe ruling, but a final decision on the appeal could take more thana year, leaving the broad community grants awarded those creditunions up in the air until then.
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The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
April 26 -
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
April 26 -
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
April 26 -
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
April 26 -
Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
April 26 -
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
April 26