EUGENE, Ore. - (01/10/05) -- Oregon Community CU said it raisedmore than $70,000 for tsunami relief during a 14-hour telethon lastThursday with the American Red Cross and the local broadcastingnetwork. The telethon was conducted by credit union employees outof the credit union's headquarters. The Washington CU Foundationdonated $10,00o to relief efforts, and a separate $500 emergencygrant to a Malaysian employee at the Credit Union Northwest, inSeattle, to she could fly home to Indonesia to search for missingfamily members. The Ohio CU foundation also donated $10,000 inrelief aid last week. Redstone FCU, in Huntsville, Ala., likeseveral other credit unions, has opened its doors to non-members tohelp it raise disaster relief funds. And Truliant FCU,Winston-Salem, N.C., held the first of a series ifpicnic-fundraisers Saturday to collect donations for Tsunamivictims.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17