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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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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