Orange County Teachers FCU said it has distributed $338,338 to local schools through its "Step Up for Education" program. The program is aimed at providing extra funds to cash-strapped schools. Earlier this year, OCTFCU kicked-off the Step Up for Education program with $250,000 and challenged Orange County businesses to also contribute, promising to match all donations dollar-for-dollar. At the conclusion of the program, OCTFCU had donated $294,403, with another $43,935 coming from local businesses. The $4-billion credit union has also been helping out with special products and services to help educators affected by reduced budgets, along with interest-free COBRA Health Insurance loans, interest-free classroom supply loans, deferred loan and credit card payments, and workshops focusing on job search skills.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
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New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
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Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
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The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
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