EUGENE, Ore. - (01/05/05) -- Oregon Community CU has teamed upwith the American Red Cross and local broadcasters for an all-daytelethon on Thursday to raise funds for victim's of the massivetragedy unfolding in southeast Asian countries hit by last week'stsunami. OCCU employees will staff a phone bank at credit unionheadquarters to accept financial contributions from the community.The credit union will be accepting contributions by phone, onlineor by check and at its eight area branches. All funds will becontributed to the American Red Cross International Response Fundwhich is taking a leading role in relief efforts. At least 150,000people have died and hundreds of thousands more left homeless bythe mammoth tidal waves.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
September 12