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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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
September 12