St. Mary's Bank has donated $100,000 to the Amoskeag Business Incubator in support of a $1-million capital campaign. The nation's first credit union said the money is to help support the Incubator's community economic development programs, fund the organization's move to a new location and begin an endowment. The Incubator assists small businesses by providing them with the tools, expertise and support services necessary to prosper. "Our efforts are very focused on the success of local businesses, and we see the Incubator's role in accelerating growth as essential to helping these businesses get off to a good start and thrive," said John Flanders, VP-business lending with the credit union. The Amoskeag Business Incubator offers access to affordable rent, shared utilities and Internet services and use of office administrative equipment. Tenants of the Incubator also receive advice from small business advisors from Southern New Hampshire University, the U.S. Small Business Administration.
-
As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3