FOND du LAC, Wis.-Marine CU has acquired First Service CU, an ailing $34 million credit union in Milwaukee. First Service reported a loss of $827,000 for 2008 and a loss of $1.3 million for the first three quarters of 2009. Marine CU has $405 million in assets and reported net income of $2.1 million for the first nine months of 2009.
One year after $300M deal, referrals through Robinhood that put younger investors in the pipeline and an ongoing clearing relationship with Wells Fargo reflect how TradePMR is a growing rival to the giants of the custody channel.
The agency approved a full-service national bank but gated four product lines behind separate sign-offs, a condition advisors say is unlike other approvals.
Equity Bancshares in Wichita, Kansas, had been looking for a way to establish a significant Iowa presence. By acquiring Lincoln Bancorp, which has 16 branches in the state, it's found a way in.
The institution is among the first users of an embedded banking platform from FIS that places financial services and payments inside of the business software.
Managed accounts are associated with higher employee contributions in defined-contribution retirement plans, the research firm found. Advisors working on employer plans might want to take note.
Colorado's Attorney General Phil Weiser is suing direct-to-consumer earned wage access provider EarnIn, alleging that the company violated the state's lending laws and challenging its claim that its product is nonrecourse. It is a sign of regulators' continued interest in EWA.
