DALLAS – Resource One CU said yesterday it has signed a new three-year contract with AT&T for networking and managed telecommunications services. AT&T will implement an MPLS-based Virtual Private Network, as well as Managed Internet Services at the credit union’s multiple locations, providing increased bandwith and always-available Internet, and establishing a convergent, Internet Protocol-based network. The VPN will allow the $200 million credit union to prioritize data for greater network efficiency. The increased bandwith will allow the credit union to adopt Voice over Internet Protocol technology.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
October 24 -
The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
October 24 -
The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
October 24 -
Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
October 24 -
Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
October 24 -
A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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