PORTLAND, Ore. - (09/28/05) - Unitus Community CU said it hasagreed to move to a new headquarters in the city's ColumbiaFinancial Center and sell its existing offices. The $650 millioncredit union said it signed a 10-year lease for 47,000 square-feet,about half of the space in the five-story building. Unitus, whichwas formerly known as Oregon Telephone Employees CU, plans to sellits existing headquarters and maintain a branch in thefacility.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
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New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
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The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
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Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
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The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
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