SAN ANTONIO – River City FCU said its long-time president and CEO Watt Prichard is retiring March 31 and will be succeeded by Kim Heinze, who has been interim president of Mobiloil FCU.
Prichard, 67, has headed the credit union for 23 years, building it from $20 million in assets to $150 million.
Heinze has worked in credit union management for 30 years with stints at Beaumont Telco CU and FivePoint CU (formerly Texaco CU) before serving as interim CEO at Mobilol FCU.
The House of Representatives passed a joint resolution to nullify the rule finalized by the agency last and prohibiting it from implementing similar reforms in the future. It will now go to the president's desk for his signature.
As the Federal Deposit Insurance Corp.'s Deposit Insurance Fund inches toward replenishment, acting Chair Travis Hill suggested that banks should be assessed on a range of metrics rather than insured deposits alone.
Prepaid cards are finding new use cases in the hospitality industry, where tip disbursements have traditionally been cumbersome.
Months after OceanFirst Financial settled federal redlining allegations, it received the highest possible Community Reinvestment Act rating from the Office of the Comptroller of the Currency. CEO Christopher Maher said the bank made a "significant effort" to introduce its lending products to markets it had recently entered via acquisition.
A Northern California judge has ruled that Yotta must specify Synapse's role in alleged fraud, as well as details of the fraud.
The Senate's version of a stablecoin regulation bill cleared a key procedural hurdle as the Senate voted 66-32 to invoke cloture on the legislation. A final vote on the Senate floor is expected within weeks.
