EAST LANSING, Mich. - (05/25/06) Michigan State University FCUwill open a 4,000-square-foot branch in the MSU Union in August.The new branch will be the credit union's seventh full-servicelocation, and second in downtown East Lansing. The $1.3 billioncredit union also is planning to open a new 100,000 square-footheadquarters and service center in northern EastLansing.
Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
