ST. PETERSBURG, Fla. - (08/17/04) PSCU Financial Services is back up andrunning at its offices after shutting down here in anticipation ofHurricane Charley's arrival and moving operations, including phonecalls, to its back-up facility in Phoenix. After the storm passedto the south and then west of its facilities, PSCUFS restarted itscard processing operations in St. Petersburg at 8 a.m. Saturday,Aug. 14. Chief Marketing Officer Brian Crawford credited thecompany's Business Continuation Plan, which by coincidence just twoweeks earlier it had announced was now tested and in place.Crawford said PSCUFS has been in touch with client credit unions inthe Orlando area, but had been unable to reach some of them. "A lotof work has gone into this plan over the past 15 months," saidCrawford. PSCUFS is owned by more than 500 credit unionsrepresenting eight-million credit/debit cardholders.
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The effort to establish rules governing consumers' access to their financial data has been effectively derailed by litigation, moves made by the Trump-era CFPB and JPMorganChase's decision to start charging data aggregators for access to customer data.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17