Synergent, a subsidiary of the Maine Credit Union League, has converted two more Maine credit unions to its new Episys Technology platform. The latest credit unions converted were Orono, Maine-based University Credit Union ($150 million) and Bangor-based EMMC Federal Credit Union ($33 million). Synergent's Technology Services has now converted 18 credit unions to the new platform since August 1, 2004. Because of the holidays, Synergent has no conversions scheduled for December but resumes on Jan. 1, 2006 when the state's third largest credit union, Maine Savings Federal Credit Union, converts to the new system after selecting Synergent as its new technology services partner last February.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17