STATE COLLEGE, Pa. - (04/22/05) -- Penn State FCU has pledged $50,000to create a scholarship program for undergraduates at PennsylvaniaState University who demonstrate a financial need. The Penn StateFederal Credit Union Trustee Matching Scholarship is part of alarger matching scholarship program launched by the University in2002 that aims to raise $100 million in private support by 2007.The trustee matching scholarship program is the credit union'sfirst major gift to the University
-
The Federal Open Market Committee voted to reduce interest rates by 25 basis points Wednesday, but the emergence of dissents on the committee makes the chance of another quarter-point cut in December less certain.
1h ago -
American Banker's 2025 Small Business Banking conference yielded lessons about the need for speed, simplicity and safety in small-business lending. Other key takeaways included the significance of digital payment options and the importance of continuing to process SBA loan requests during the government shutdown.
2h ago -
Nine months after acquiring Heartland Financial, Missouri's largest bank posted a complicated quarter.
3h ago -
The legacy money transfer firm plans to launch USDPT, a coin designed to improve international payment processing. That and more in the American Banker global payments and fintech roundup.
3h ago -
Credit analysts say climate risk could still pose a financial threat to financial institutions, even though the federal government has taken an ax to Biden-era climate guidance.
4h ago -
The bank technology company, which faces market pressure from fintechs, cut its outlook by about 20% and restructured its leadership following the departure of former CEO Frank Bisignano to the Trump administration.
5h ago





