WASHINGTON - (12/03/04) -- In a departure from its traditionalelection-eve strategy, NAFCU backed candidates in six open Houseraces in the final days leading up the elections--winning all sixof them. Federal Election Commission reports released Thursday showNAFCU made contributions to Republicans John 'Randy' Kuhl of NewYork; Tom Price and Lynn Westmoreland of Georgia; Thelma Drake ofVirginia; Cathy McMorris of Washington; and Charles Boustany ofLouisiana in the campaign's final two weeks. All but Boustany wereelected for the first time to Congress, and Boustany won the rightto participate in a special run-off later this month againstDemocrat Willie Mount, who is being backed by CUNA. NAFCU sets newhighs during the elections for funds raised, $326,378, andcontributions to candidates and the two major political parties,$294,522.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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