AUBURN HILLS, Mich. - (05/12/06) State regulators granted USA CUa community charter encompassing nine counties and half thestates 10 million people, one of the largest fields ofmemberships ever granted. The counties, all surrounding Detroit,are: Oakland, Macomb, Wayne, Washtenaw, Lapeer, Livingston, Monroe,St. Clair and Sanilac counties. The formal expansions was precededby a comprehensive media campaign that included television addsthat invited people to visit the credit unions branches.These people were interested in the benefits USA CreditUnions offers,² said Mary McDonald, president of thecredit union. And we are very interested in servingthem.
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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.
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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