CHATSWORTH, Calif. - (08/31/04) -- An auto loan promotion that PremierAmerica CU rolled out in 2003 continues to be renewed due to anoverwhelming response. The program - which originally ran from May12 to Sept. 19, 2003 - awards members a $150 rebate if they bringtheir auto loan to Premier America from another lender. The minimumloan amount is $10,000, and the car must be from the 2001 to 2004model years. After initially projecting moderate response, PremierAmerica has booked $9.9 million in loans through theprogram.
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The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it's unusual, as the most well-known stablecoins are on public ledgers, tech firms are warming to the idea.
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Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
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The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
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Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
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The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
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Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
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