ALEXANDRIA, Va. – NCUA yesterday said it has approved several more big mergers. The deals will combine: Toledo Area Community CU ($375 million) with Erie Shores CU ($125 million), creating the fourth-largest credit union in Ohio; Wescom CU ($3.9 billion) with Great American CU ($60 million)and JSC FCU ($900 million) with Monument Area FCU ($50 million).
The Cincinnati bank aims to grow in northeast Ohio with the acquisition of Westfield. The deal is expected to boost First Financial to a $20.6 billion institution.
House Financial Services Committee Chair French Hill, R-Ark., declined to say whether he would pass the Senate's GENIUS Act without making his own changes, as President Trump has preferred.
Nissan Motor Acceptance Corp. has applied for an industrial loan company charter, joining General Motors and Ford in hoping for better prospects for approval under the Trump administration.
Barely two years after adopting a bank charter, NewtekOne in Florida plans to expand beyond its roots as an SBA 7(a) lender by growing its alternative loan program.
The Federal Reserve is the latest bank regulator to purge reputational considerations from its supervisory materials.
Although credit bureaus have collected this data for three years, it's only now being factored into assessments of consumer creditworthiness.
