WATERVILLE, Me. – New Dimensions FCU has acquired an Augusta branch from troubled Border Trust, where it plans to open its second branch.
The $57 million credit union plans to renovate the structure, the old Cony High Flatiron building, and open it has a credit union branch in February.
Border Trust is selling the building to consolidate its Augusta branch operations into its corporate office in the city’s downtown. The move is part of plan by the bank to recapitalize.
The fintech's CEO told analysts during Thursday's earnings call that generative AI was taking search by storm and that investors "should absolutely expect us to have an answer for that."
Average Americans are souring on their own financial health, according to a New York Fed survey. That includes their ability to pay off their debts.
The Congressional Review Act resolution to overturn the Office of the Comptroller of the Currency's rules on bank mergers passed 52-47.
The vote to invoke cloture on the Senate's stablecoin bill failed 48-49, delaying the final passage of the crypto legislation.
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The Dallas-based company's broker-dealer arm, Texas Capital Securities, has also made several recent hires as it continues to expand its capabilities.
