TUMWATER, Wash. – O Bee CU, the credit union for Olympia Brewing Co., announced the retirement of its CEO Bruce Cramer, who will be succeeded by James Collins, chief financial officer for the $136 million credit union.
Cramer has led the credit union for 24 years.
Collins, who will become president and CEO in December, has been with O Bee for eight years.
Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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