CARLISLE, Pa. - (06/09/05) -- The Cumberland County EconomicDevelopment office is inviting all area credit unions and banks tojoin it in a new investment fund that will provide start-up loansfor small businesses. The Cumberland Business First program willcombine private funding from credit unions and banks with countyfunds to provide low-interest loans for small businesses. Eligiblebusinesses will have less than 100 employees and be prepared to addnew jobs over a three-year period. All credit union and commercialbanks with at least one active branch or operation in CumberlandCounty are immediately eligible to participate in theprogram.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
October 31 -
A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
October 31 -
New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup.
October 31 -
Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
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