NEW ORLEANS - (12/06/04) -- NAFCU-backed Republican candidateCharles Boustany topped Democratic State Sen. Willie Landry Mount,the CUNA-backed candidate, in Saturday's run-off election for thestate's seventh House District, one of the two final congressionalelections in the country. The race represented one of the few timesthe two credit union lobby groups backed opposing candidates. Alsowinning election to Louisiana's House delegation Saturday wasDemocratic Charles Melancon, who bested 31-year-old Republican BillTauzin III, son of 12-term Rep. Bill Tauzin Jr., who is retirng tobecome a lobbyist. The two run-off elections were required understate law because no candidate received a majority of votes on Nov.2.
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The company is leveraging its bank charter and strong customer acquisition, with app logins up nearly 50% from borrowers.
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The Dallas-based regional bank's return on average assets exceeded its goal of 1.1% for the first time, coming in at 1.3% for the third quarter. The bank has been in transformation mode since 2021.
October 22 -
U.S. regulators have reached a rock-bottom settlement deal with a former Wells executive accused of wrongdoing in the phony-accounts scandal. The OCC had sought to recover $10 million from Claudia Russ Anderson, a onetime risk executive at the bank.
October 22 -
Fraser will succeed John Dugan, who's been Citi's chair for six years. The megabank also granted Fraser a one-time award of $25 million in restricted stock units, and more than 1 million stock options.
October 22 -
Farmers National Banc Corp. in Ohio plans to acquire in-state rival Middlefield Banc Corp. in a deal that will deepen the buyer's footprint in Columbus.
October 22 -
An apparent increase in large-scale borrower fraud and the hot environment for bank mergers were the key themes as banks discussed their third-quarter results.
October 22