ALEXANDRIA, Va. - (12/10/03) -- Pentagon FCU, the country'sthird-largest credit union, said Tuesday it has agreed to mergewith D.C. Veterans Affairs Medical Center FCU, the fourth creditunion it has acquired in the past 13 months. D.C. VAMC FCU is a $15million credit union that serves employees of the VeteransAdministration Medical Center in Washington, D.C. Pentagon FCU,which has grown to $5.9 billion in assets, merged last Decemberwith both Fort Shafter FCU and Coast Guard Employees FCU, and inMay with Fort Hood Military FCU.
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A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
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Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
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Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
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The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
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