DENVER - (10/11/04) -- San Antonio-based Security ServiceCU said Friday it has acquired Diakonia CU, expanding its Coloradopresence and giving it its first Denver branch. The $3.4 billioncredit union already operates six branches in Colorado. SecurityService acquired the financially ailing Diakonia, a $38 millioncredit union serving 13,200 members that had been taken underconservatorship by the Colorado Division of Financial Services,under a purchase and assumption agreement.
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GLS had already stopped issuing first-use plastic as of 2018, but it wasn't enough for the eco-minded German bank. Fake plastic still looks and feels like plastic.
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The top five banks and thrifts have combined deposits of more than $7.5 trillion.
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The Federal Deposit Insurance Corp. is arguing that Colorado has the right to establish an interest rate cap that all state-chartered banks must follow. Three industry groups are suing the state in an effort to stop its attempted crackdown.
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The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
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The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
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The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
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