MUSKOGEE, Okla. - (08/11/04) -- State Rep. Dan Boren easily bestedthree opponents in the Democratic primary for the state's secondcongressional district, making him an almost-shoe-in for electionin this heavily Democratic district. The credit union-backed Boren,the son of former U.S. Sen. David Boren and grandson of former Rep.Lyle Boren, will succeed Democrat Brad Carson if he wins electionin November. Carson is currently supported by the Oklahoma CULeague against former Rep. Rep. Tom Coburn, but league officialswill be meeting in the next few weeks with some credit unionrepresentatives who are reluctant to throw heir support behind theDemocrat in this heavily Republican state, according to Bobby Stem,a lobbyist for the league. "Some credit unions want to make surethat we're doing the right thing," Stem told The Credit UnionJournal. The two candidates are vying to succeed four-termRepublican Sen. Don Nickles, a sometime credit union foe and one ofonly six senators to vote against HR 1511.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
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New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
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Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
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The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
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