AUSTIN, Texas - (04/11/05) -- University FCU, one of the biggeststudent lenders among credit unions, said it has qualified to jointhe U.S. Small Business Administration's guaranteed loan program.The $500 million credit union, the first in central Texas toqualify with the SBA, plans to offer small business loans under theagency's 7 (a) guaranteed loan program. The program provides afederal guarantee for 90% of the loan principal.
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.
The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.
American Banker data finds that a majority of executives investing in technology expect payments enhancements in the immediate future as well as further out.
