WASHINGTON - (08/22/05) -- CUNA said it contributed the maximumallowable $5,000 campaign contribution to Republican Jean Schmidtjust a few weeks before Schmidt won election to Ohio's 2nd DistrictHouse Seat. The former State Rep. defeated Iraqi war veteranDemocrat Paul Hackett in the special election to succeed RepublicanRob Porter, who was named U.S. Trade Representative. CUNA said itmade a total of $114,500 in campaign contributions last month. Thebiggest contributions went to: Rep. Bart Stupak, D-Mich. ($5,000)and Les Miller, a Republican candidate for Florida's 11th DistrictHouse seat ($5,000). CUNA also made contributions to severalleadership PACs, including AmeriPAC, operated by House MinorityWhip Steny Hoyer, D-Md. ($5,000); The Freedom Fund, which supportsRepublican candidates ($5,000); and Majority in Congress PAC,operated by Rep. John Mica, R-Fla., brother of CUNA President DanMica ($1,000). CUNA also contributed $500 to the fledgling SenateCampaign for Bernie Sanders, an Independent House member fromVermont and the only self-avowed Socialist in Congress, who is along-time credit union ally.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
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A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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