CHAMBERSBURG, Pa. - (05/08/06) Fast-growing Patriot FCU plansto double the available space at its headquarters with constructionof a 26,000-floor addition behind its current facility.Construction on the $12.5 million project is scheduled to beginthis fall and be completed by next May. The new building willfeature patriotic colors in its wall and floor coverings, andinterior graphics reinforcing the credit unions patriotictheme. The new building will house the credit unionsinformation technology department and support services, itsexecutive offices and board room. Chartered in 1965 as LetterkennyFCU, Patriot FCU is now the 13th largest in Pennsylvania with morethan $330 million in assets and 40,000 members.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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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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