HONOLULU - Ariel Chun, president and CEO of the University of Hawaii FCU for the last 23 years, announced she is retiring on Dec. 31.
Chun has grown the credit union from a small mom-and-pop shop to more than $390 million in assets and 23,000 members.
The credit union, which serves the University of Hawaii and affiliated community colleges, reported a midyear operating net of $4 million, which doesn’t include an NCUSIF stabilization charge.
Bill Demchak said at an industry conference that PNC effectively "bought Colorado" with its recently announced plan to acquire the $27 billion-asset FirstBank.
The Office of the Comptroller of the Currency announced that Stephen Lybarger will assume the role of Senior Deputy Comptroller for Chartering and Will Giles will be Principal Deputy Chief Counsel amid a surge in fintech and crypto trust charter applications.
Researchers warn the Android banking trojan can steal money, drain crypto wallets and enable NFC relay fraud.
Republicans on the House Financial Services Committee voted to table a motion by Rep. Joyce Beatty, D-Ohio., to compel the Treasury Department to provide unredacted financial records related to the late child sex trafficker Jeffrey Epstein, effectively quashing the subpoena.
CEO Curtis Farmer tried to assure skeptics Tuesday that the Dallas-based bank is focused on shareholder value and profitability, even as an activist investor group prepares to launch a board fight.
Zelle secured a deal with Alacriti to help Alacriti's bank clients adopt person-to-person payments; Paze teamed up with Canadian payment processor Nuvei to expand merchant use of the wallet.
