RALEIGH, N.C. - (10/20/04) -- State Employees CU said its newfoundation has established a scholarship program to assist studentsin each of 58 community colleges in the North Carolina CommunityCollege System. The 116 two-year scholarships are valued at up to$5,000 each and represent a financial commitment on the part of theSECU Foundation of $580,000 and is believed to be the largestscholarship program ever offered by a credit union. Funding for theFoundation scholarships has come from SECU's members, whose $1 permonth maintenance fee paid on SECU's checking account is beingrouted to the Foundation.
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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.
October 24 -
The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
October 24 -
Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
October 24 -
Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
October 24 -
A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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