ALLENPORT, Penn.-Russell Bergstedt, President of Mon Valley Community FCU here, has died. Mr. Bergstedt had been president of the credit union for more than 25 years and was one of the founders of the annual Mon Valley Chapter ARC golf tournament. "Russ was a strong leader for credit unions in the state and Mon Valley and also for the United Steel Workers Union. His voice will be missed," said Pennsylvania CU Association CEO Jim McCormack.
The megabank rolled out higher profitability targets on Thursday at its first investor day in four years. Its board also authorized a multiyear share repurchase program of $30 billion.
Freddie Mac was more aggressive than its counterpart for much of the past year but March activity establishes that there's a different trend at play in 2026.
Life insurers' borrowings from the Federal Home Loan banks has increased in recent years, raising concerns about opaque, private credit investments and how it intersects with the Federal Home Loan banks' housing mission.
After Dan Allison spent more than 20 years as a wealth management consultant specializing in referrals, the AI agent version of him will coach financial advisors through WealthReach's new Multiply tool.
As gas prices surge, small businesses — particularly in agriculture and transportation — have struggled to keep up. For banks, this has brought a combination of short-term benefits and long-term concerns.
The neobank reported a 25% year-over-year increase in revenue for the quarter ended March 31, with active users jumping 19% to 10.2 million. The company also raised its full-year 2026 guidance and authorized a $200 million share repurchase program.
