DAYTON, Ohio - (03/07/05) -- Members of AFL-CIO unions joinedabout 30 employees of DayMet CU walking a picket line Friday, as astrike at the $75 million credit union stretched into its fifthweek. Officials with the Office and Professional EmployeesInternational Union, Local 98, claim credit union officials refuseto negotiate and have hired replacement workers. Unionrepresentatives said the union is looking for a pay raise, insteadof annual bonuses, as employees have been compensated the pasteight years, and health insurance for all hourlyworkers.
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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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