NEW YORK - (08/03/04) -- Newtek Business Services Inc., whichprovided small business lending services for credit unions, said ithas completed the acquisition of Vistar Insurance Services, aninsurance agency doing business as Financial Keyosk. FinancialKeyosk is an alternative insurance distributor which helps creditunions and community banks establish or expand insuranceoperations. The company is licensed to do business in 49 states andhas a complete line of life, health, property, casualty, disabilityand employee benefits coverage. The company published 'How to SellInsurance from Credit Unions,' and 'How to Sell Insurance formBank,' earlier this year. The deal follows Newtek's recentacquisition of CrystalTech Web Hosting, wich provides web hostingservices for small and medium sized companies.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
July 3