LAKE JACKSON, Louisiana - (11/28/05) Texas Dow Employees Credit Unionreported it is already seeing dividends from a new trainingfacility it has opened that includes a mock branch set-up. The roomincludes a remote teller system, mock teller stations and cubiclesset up in the same way the credit unions branches are.Training Director Caite Blount said the goal is to make front-linestaff comfortable and at-ease when they are first put in front ofmembers. TDECU has a training cycle of approximately 31 days.Employees are videotaped and critiqued during the training. Thecredit union said that all employees are taught the R.E.A.L. methodof member service, an acronym for Real, Efficient, Accommodatingand Loyal.
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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.
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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.
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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