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.
Lawmakers from both parties defended regional Federal Reserve banks against potential consolidation, arguing local economic perspectives are essential to ensure monetary policy remains sound.
The same groups want the Securities and Exchange Commission to drop its breach-disclosure rule while asking Congress to keep a confidential threat-sharing law.
The Dutch payment processor has agreed to acquire artificial intelligence-powered fintech biller Orb, its second acquisition in three months in an effort to speed development.
City National Bank appointed longtime executive David Cameron as chief operating officer; JPMorganChase is selling a limited-edition Lego version of its new midtown Manhattan headquarters; Esquire Financial Holdings received regulatory approval to complete its acquisition of Signature Bank in Chicago; and more.
CEO Lynn Harton said his Greenville, South Carolina-based bank struggled the past year to keep Navitas from overshooting the limit the bank set for its expanding portfolio, about 10% of total loans.
The megabank has completed the sale of its consumer banking business in Poland. It has now sold 10 retail-focused franchises in certain underperforming, international markets over the past five years.
