PITTSFIELD, Me. - (03/16/06) Sebasticook Valley FCU said itplans to build a new corporate headquarters on a plot off ofInterstate 95 here. The two-story, brick and clapboard 8,000square-foot building will also house a branch of the $32 millioncredit union. Groundbreaking on the project is scheduled for earlyJune. The credit union currently has 19 employees and twolocations, with the main offices in Pittsfield and a branch inNewport.
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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.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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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.
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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.
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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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