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).
Securities and Exchange Commission Commissioner Hester Peirce announced Friday that she would leave the agency on Oct. 2.
The British financial firm's Pay with Smile uses facial recognition for no-touch checkout, an attempt to drum up support for its new point of sale device. As with most biometric checkouts, making users comfortable and building a network will be most of the battle.
FiCare Federal Credit Union says callers passed Fiserv's verification with stolen data and got fraud blocks lifted. Five others reported the same.
The Federal Reserve Board Thursday followed the lead of other regulators in seeking comment on its implementation of the landmark stablecoin legislation that passed in 2025.
George Boyan is named CEO of New Jersey-based Unity Bancorp as James Hughes announces his retirement; the American Bankers Association has elected Iowa banker Matt Lujano as chair of the association's Community Bankers Council; fintech-turned-digital bank SoFi's stablecoin settlement partnership with Mastercard is now live; and more in this week's banking news roundup.
The Republican-led bank, which touts itself as "pro-America," has struggled to turn a profit. The Federal Deposit Insurance Corp. said Old Glory failed to respond to a prior warning about capital deficiencies.
