BankAtlantic continues to market a "Switch A Thon is On" campaign that gives new account owners a $77 MasterCard gift card after switching from another financial institution. The bank also offered up to $25 for unused checks, free checks and even threw in a milkshake maker. BankAtlantic offers its customers seven different types of checking accounts and has 79 locations. The campaign is aimed at highlighting the bank's seven-days-per-week operating hours. New account-holders are required to maintain an account for 77 days in order to get the premiums.
-
Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
3h ago -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
7h ago -
Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
7h ago -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
8h ago -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
9h ago -
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
9h ago