SANTA ANA, Calif. - (07/27/06) -- OCTFCU, formerly known as OrangeCounty Teachers FCU, said it plans to open three new branches inSan Bernardino County in October, in San Bernardino, Redlands andRancho Cucamonga. The $6 billion credit union, which converted lastyear to a TIP Charter serving anyone in the educational industry incentral California, was chosen recently as a third-partyadministrator of retirement plans for most of the school districtsin San Bernardino County. The credit union currently operates 20branches and serves more than 340,000 members.
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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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