Robins Federal Credit Union said it will rebuild a branch here that was completely destroyed by a tornado. Local media reported that debris from the branch was found as far as 200 yeards away. RFCU is projecting it will take from six to nine months to re-open the branch. In the meantime, it is investigating relocating the ATM at the branch, which was not damaged. The vault was not damaged, and all computers have been secured by staff.
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During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
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PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
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Amid a surge in bank mergers, Citizens CEO Bruce Van Saun said the Providence, Rhode Island-based bank is largely focused on organic growth. "It would have to be a pretty high bar for us to go down that path," he said.
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New research from American Banker finds that financial institutions are asking about ROI, infrastructure costs and compliance burdens.
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America's second-largest bank revised its net interest income target upward after what analysts called a "clean" third quarter.
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Mastercard has added an "agentic cloud" to speed deployment, while Visa has issued a protocol to help AI agents communicate. That and more in American Banker's global payments and fintech roundup.
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