LOWELL, Mass. - (04/20/06) Seeking to encourage membersavings, M/A-COM FCU here has introduced a share certificate with alow $100 opening balance that it reports attracted $100,000 duringits first week of availability. Called the ³Build Your NestEgg² certificate of deposit, the credit union is targetingyoung savers who may want to start putting money aside for futuremilestones such as a college education, first home, or new baby.The CD has a term of 13 months.
Banesco USA in Miami is among the banks that are eyeing the government-guaranteed lending program as a source of growth.
The House Financial Services Committee unanimously passed bills that would give the Federal Deposit Insurance Corp. more options in resolving failed banks, including by waiving the "least-cost resolution" requirement in some circumstances.
The Treasury official renewed a pledge to avoid hurting how mortgages trade in a Fox Business News interview as a new study highlighted one way to do that.
A federal appeals court agreed to have the full bench rehear arguments by the Consumer Financial Protection Bureau's union about whether the Trump administration planned to gut the agency through mass firings.
Daryl Byrd, who led Iberiabank until it was acquired by First Horizon, has assembled an investor group to acquire MC Bancshares and its subsidiary, MC Bank & Trust Co. in Morgan City, Louisiana. Byrd will become CEO.
Nine banks and lenders were impacted by the yearslong, $923 million fraud enterprise, according to an indictment of top Tricolor executives. The banks were not publicly named, but JPMorganChase, Fifth Third, Barclays, Louisiana-based Origin Bancorp and Texas-based Triumph Financial have said they would take write-downs.
