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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Diligence Capital Management is pushing the beleaguered bank to add directors with bank turnaround experience. Eagle has been searching for a new CEO after getting battered from losses tied to its commercial real estate portfolio.
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Cambridge Savings Bank has been stockpiling capital. Now its CEO says it's willing to part with a portion of that stash if the right opportunity presents itself.
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A federal judge said Friday that the Trump Organization will have three months to collect new evidence and refile its complaint. It alleges that Capital One illegally closed hundreds of its accounts following the Jan. 6, 2021, attacks on the U.S. Capitol.
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The new executive order could add lender competition for self-employed borrowers, potentially via a small loan carveout and one for portfolio products.
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There were an estimated 630,000, or 46.3%, more home sellers than buyers in the United States in February, according to a Redfin report.
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Huntington is among the banks investing in technology that embeds payments and financial services into nonfinancial functions — a move designed to counter the encroachment of digital wallets and fintechs.
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