SHREVPORT, La. – Pelican State CU said it has purchased the CU Service Center in Shreveport from CU Cooperative Branching, LLC.
Pelican plans to operate the location as a Service Center Outlet and phase in Pelican products and services.
Pelican currently has eight branches in Louisiana. This will be the first location in the Shreveport area and also Pelican’s most Northern location to date.
Federal Reserve Vice Chair Philip Jefferson said in a speech Tuesday that despite positive employment readings in recent months, he remains concerned that an economic shock could still threaten the labor market.
Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
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Swiss banking giant UBS tried to get a federal court to reject new allegations that Credit Suisse, which UBS acquired in 2023, had concealed Nazi-linked assets.
