ALEXANDRIA, Va. - (10/18/05) -- In its busiest month in two years,NCUA reported Monday it made five loans for a total of $570,000from its Community Development Revolving Loan Fund last month. Theloans went to: Cowboy Country FCU, Premont, Texas ($250,000);Shiloh of Alexandria FCU, Alexandria, Va. ($200,000); Consumer'sFCU, Gregory, S.D. ($100,000); and Glamour Community FCU, PuertoRico ($20,000). Through the first nine months of the year the NCUAdevelopment fund has made 10 loans for a total of $1.4million.
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The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
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Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
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In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
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