RALEIGH, N.C. - (08/09/04) -- State Employees' CU said iteliminated the service fees on a number of products, saying it wasseeking to make basic financial services more cost effective formembers. Fees for check copies and statements, debit card reissuesand travelers checks have all been dropped. In the case of the feefor check and statement copies, SECU had been offering the copiesfree via the secured Member Access section of the SECU website,ncsecu.org. But members who needed to order paper copies werecharged 50 cents for the first two copies and $1 for eachadditional copy. In the case of debit cards, after being free atfirst issue, a $3 fee had been charged on expired or lostcards.
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The New York-based bank, which works with many Democratic campaigns, faces investor concerns that it might be targeted by the Trump administration. CEO Priscilla Sims Brown says the bank's "strong profitability" is its best shield from political threats.
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The Ohio bank is working with Alloy Partners to build startups in fintech, payments and wealth management even as it acquires multiple banks this year.
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Huntington's $7.4 billion acquisition of Cadence would give the Ohio-based bank a top-five market share in both Dallas and Houston. It comes just a week after Huntington closed its last Texas acquisition.
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In an expanded partnership announced Monday, the card network and payment fintech will enable hundreds of millions of consumers and tens of millions of merchants to use new forms of artificial intelligence for shopping and payments.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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