NCUA said it made two more loans through its community development revolving loan fund in June and July. The loans went to Sunflower U.P. FCU, Marysville, Kan. ($46,600) and Syracuse (NY) Cooperative FCU ($299,000). The loans were only the sixth and seventh made by the fund this year. The fund, which has expanded the money available for technical assistance grants, has been inundated with 311 requests for a total of $2.8 million in TA grants and has awarded 145 for a total of $603,000 so far in 2004.
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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