CORDOVA, Tenn. John Krotzer, a longtime worker at the Firestone Tire and Rubber Company and one of the charter members of the Rubber Workers FCU, died last week at 94.
As member of the United Rubber Workers Union-CIO, Krotzer helped found Rubber Workers FCU. Later, he became a board member and president for many years. After retirement, he continued working for the credit union for nine more years, finally retiring in 1987.
The auto lender's earnings outpaced Wall Street's expectations. But shrinking car inventories at dealerships, which stemmed from new tariffs, put a dent in Ally's lending.
The Columbus, Ohio-based regional bank also benefited from strong performances by several legacy business lines, including auto, mortgages and SBA lending.
The Dallas-based lender, which reported a year-over-year decline in earnings, is anticipating increased loan activity and deposit growth later in the year.
With the passage of the bill, large banks are looking into their own stablecoins or partnering with the sector, while concerns linger about state regulation, the separation of banking and commerce and the disintermediation of the banking system.
The regional bank's cloud-based software platform will be one of the first of its kind, a top executive said Friday.
