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.
-
Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
March 20











