SAN ANTONIO — San Antonio-based 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 $736 million Orange County bank had faced a smattering of enforcement actions over the years, including for concentration risks, governance issues and questionable insider transactions.
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The platform had a lawsuit filed against it by New York officials this week as the latest in a series of cases against prediction markets on the state level.
The Canadian bank's U.S. operations experienced challenges following a large acquisition on the West Coast. But the bank is now making good progress, according to a top BMO executive.
As AI threatens firms' lucrative business managing uninvested cash, Schwab gives its RIA partners a new way to keep clients' cash holdings sticky.
