PURCHASE, N.Y. – Quorum FCU celebrated the new year by acquiring smaller Avon FCU, Quorum’s fifth merger in the last 18 months. The acquisitions have pushed the credit union, known until 2005 as Kraft Foods FCU, to $550 million in assets. The acquisitions include Triple A FCU, in Port Chester, Bronx VA hospital CU, N.Y. Methodist CU, in White Plains, and Akzo CU, in Dobbs Ferry. Avon FCU, based in nearby Suffern, N.Y., had $18 million in assets and 2,300 members.
In their "bridge to wealth" study, Cerulli Associates and Morningstar look at how advisors can turn defined contribution plan participants into individual wealth management clients.
Better, faster payments: What consumers really want from bank crypto
The agencies step in after Congress torpedoed the Clarity Act; but the lack of rules isn't what's holding crypto back.
Fincen also formally dropped a 2020 proposal on rules for self-custodied crypto wallets, citing the Trump administration's deregulatory agenda.
Kyle Horn, the owner of a precious-metals dealer in San Diego, says his Bank of America account, which had about $50,000 in it, has been frozen for 18 months. He's suing to get his money back — and to win protections for other customers like him.
Acquiring Huron Valley Bancorp will expand Bank of Ann Arbor's footprint in suburban Oakland County and give it a toehold in a part of that market it's been eyeing.
