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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Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.
October 13 -
The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
October 10 -
Former City National CEO Kelly Coffey has a new venture in wealth management; Erin Siegfried is Northwest Bancshares' new chief legal counsel and corporate secretary; Flagstar Bank secures OCC approval to merge its holding company into the bank; and more in this week's banking news roundup.
October 10 -
The regional bank has launched a digital student banking center that's part of a broader strategy to focus on relationship-building.
October 10 -
The Consumer Financial Protection Bureau has announced job openings for attorney-advisors to represent the agency in defensive and appellate litigation.
October 10 -
An updated deposit insurance reform bill from Sens. Bill Hagerty, R-Tenn., and Angela Alsobrooks, D-Md., would raise deposit insurance for business accounts to $10 million, exclude the largest banks from coverage and insulate community banks from footing the bill.
October 10