SALT LAKE CITY - (08/31/05) -- Mountain America FCU said itintroduced a new service, called Women's Financial ServicesNetwork, to target the financial needs of females, especially forsmall business services. The concept was prompted by the fact themajority of Utah businesses are owned by women and Mountain Americais the second most active SBA lender in the state. The credit unionalso plans to focus the network on female financial needs forfamily and household managers, young adults just graduating fromhigh school or college and professionals in the corporate world, aswell as small businesses. The credit union plans to holdeducational seminars and presentations at various women's groups,sponsor local women's events and recently awarded four scholarshipsto female undergraduates at the University of Utah's School ofBusiness.
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After passing the Federal Reserve's stress tests with high marks, large banks announced dividend increases. In some cases, they also said the Fed had conceded that certain prior calculations needed to be revised.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
July 1 - Yahoo Finance Feed
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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