MACON, Ga. - (01/20/05) -- Brown & Williamson FCU said ithas found a new home to replace the old home in the now defunctBrown & Williamson Tobacco Corp. factory that is being shutdown. The $75 million credit union said it is relocating itsoffices and expects to open the renovated office space around thefirst week of February. The credit union, though it has convertedto a community charter serving Bibb Bounty, will retain the name ofBrown & Williamson, even as the company winds down some of itsoperations after its merger with R.J. Reynolds TobaccoCo.
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In its latest financial stability report, the Federal Reserve found that asset valuations continue to be elevated and leverage levels remain high, especially among nonbanks like hedge funds and insurance firms.
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Federal Reserve Board Gov. Stephen Miran said the growth of stablecoins and cryptocurrencies will likely impact monetary policy and could lead to lower interest rates.
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The Spanish bank says it can connect small and medium-size U.S. businesses with local market experts on its newly launched digital platform Navigator Global.
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The Pittsburgh-based bank said Friday that it will focus on building 300 branches in high-growth markets by 2030. It also minimized the prospects for another acquisition on the heels of its recent deal for Colorado-based FirstBank.
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HoldCo Asset Management drops its pursuit of proxy battles with Columbia Banking System and First Interstate; Cape Cod's Mutual Bancorp prepares to acquire Bluestone Bank; Servbank HoldCo announces plans to acquire IF Bancorp; and more in this week's banking news roundup.
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