FARMERS BRANCH, Texas - (09/30/05) -- Of 48 credit unions operating 66branches in south Texas that were hit by Hurricane Rita, 19 arefully operational, 12 are partially operational and nine arenon-operational, although several were expected to open Thursday.Eight have remained out of touch with authorities, according to theTexas CU Leaguue. Credit unions in Beaumont, Orange, Port Arthurand Jasper, Texas, are being told it could be up to four weeksbefore power is restored. The Texas league, meanwhile, said itfielded hundreds of calls on just Wednesday alone from credit unionmembers trying to get a status report on their credit unions.Meanwhile, Member Service Centers reported it is working toexpedite the addition of several affected credit unions to the MSCshared branching network to give their members access to more than1,800 shared branching locations.
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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