FORT WORTH, Texas - (03/07/06) -- Eleven area credit unionsco-sponsored a full-page newspaper ad in the Fort WorthStar-Telegram over the weekend aimed primarily at customers of onelocal bank that was until recently was a credit union. The ad,headlined, "Mega Bank," asks in its sub headline, "Did your creditunion turn into a bank?" The colors used and even one graphic imageare similar to those of OmniAmerican Bank, the former OmniAmericanFCU, which, like nearby Community CU (now ViewPoint Bank)convertedto a bank. Ad copy then goes on to provide the definitions of abank ("a for-profit financial establishment that invests moneydeposited by customers for the profit of its shareholders") and acredit union ("a not-for-profit financial cooperative whose memberscan borrow from pooled deposits at low interest rates"). "Make YourMove, Choose a Credit Union" states copy above the logos of the 11ad co-sponsors.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
October 31 -
A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
October 31 -
The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
October 31 -
The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
October 31 -
New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup.
October 31 -
Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
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