SAN ANTONIO – Security Service FCU, which acquired the remains of failed New Horizons Community FCU in June, said Friday it has agreed to acquire Horizon CU, a $35 million credit union in Portland, Texas. The deal is expected to be completed by year-end. Security Service is the 11th-largest credit union in the country with $4 billion in assets.
The government said it was responding to a jailbreaking risk that Anthropic says is minimal.
Lawmakers from both parties defended regional Federal Reserve banks against potential consolidation, arguing local economic perspectives are essential to ensure monetary policy remains sound.
The same groups want the Securities and Exchange Commission to drop its breach-disclosure rule while asking Congress to keep a confidential threat-sharing law.
The Dutch payment processor has agreed to acquire artificial intelligence-powered fintech biller Orb, its second acquisition in three months in an effort to speed development.
City National Bank appointed longtime executive David Cameron as chief operating officer; JPMorganChase is selling a limited-edition Lego version of its new midtown Manhattan headquarters; Esquire Financial Holdings received regulatory approval to complete its acquisition of Signature Bank in Chicago; and more.
CEO Lynn Harton said his Greenville, South Carolina-based bank struggled the past year to keep Navitas from overshooting the limit the bank set for its expanding portfolio, about 10% of total loans.
